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Property profile & analytics
FOR LEASE
Warehouses
5400 Distriplex Farms Dr Memphis, TN 38141
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-3372307
For Lease
$11,805,000
5400 Distriplex Farms Dr, Memphis, TN 38141
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Total area
210,354 SF
Lot
17.31 ac (754,154 SF)
Zoning code
R-8
APN
094-300- - -00622
UPID
US80-3372307
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Blues City Farms Warehouse & Storage
-
Boston Beer Blues Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.26M
Blend (final)
Blend
$11.81M
Owner & transaction history
G & I X Indsutrial Memphis LLC · 6 yrs held
G & I X Indsutrial Memphis LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-8 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.7M
+82.0%
Retail stores
$17.5M
+69.7%
Neighborhood: shopping center
$15.4M
+50.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,280,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,715,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$17,455,000
Change: +70% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,440,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$11.81M
Range $10.62M – $12.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$235,732
Tax year 2022
Assessed value
$3,869,760
Assessed 2023
Previous assessed
$3,869,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$245,840
Assessed improvement
$3,623,920
Land market value
$614,600
Improvement market value
$9,059,800
Total market value
$9,674,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
210,354 SF
Lot
17.31 ac (754,154 SF)
Zoning code
R-8
APN
094-300- - -00622
UPID
US80-3372307
Jurisdiction
SHELBY
Zoning & alternative use
R-8 · Memphis, TN
Zoning R-8 · permitted uses
R-8 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.7M
RETAIL STORES
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
17.31 ac
Current owner
From public records · entity-resolved
G & I X Indsutrial Memphis LLC
Entity
Free & Clear · 6 yrs held
Mailing address
220 E 42ND ST FL #27, NEW YORK, NY 10017-5819
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
G & I X Industrial Memphis LLC
—
Deed
related
$684,600,000 · Bank Of America
Dec 31, 2019
$8,000,000
G & I X Indsutrial Memphis LLC
Sealy Distriplex Farms LLC
Grant Deed
—
Dec 31, 2019
—
Bruce P & Helen H Towne Trust
Sealy Distriplex Farms LLC
Quit Claim Deed
related
—
Feb 27, 2019
$6,765,000
Sealy 500 Distribution Parkway
Collierville Cmrc Ctr LLC
Grant Deed
—
Feb 27, 2019
—
Distribution Parkway LLC
Four Way Associates LLC
Quit Claim Deed
related
—
Jun 11, 2018
—
Sealy Distriplex Farms LLC
—
Deed
related
$900,000,000 · Keybank USA
Dec 27, 2017
—
Sealy Distriplex Farms LLC
—
Loan Modification
related
$900,000,000 · Keybank USA
Jun 9, 2017
—
Sealy Distriplex Farms LLC
—
Loan Modification
related
$900,000,000 · Keybank USA
Oct 23, 2015
$7,700,000
Sealy Distriplex Farms LLC
Net Magan Prop Owner One LP
Grant Deed
—
Aug 20, 2009
—
Net Magan Prop Owner One
—
Deed Of Trust
related
$70,236,401 · Eurohypo Ag
Jan 9, 2008
—
Net Magan Prop Owner One
—
Deed Of Trust
related
$68,585,000 · Eurohypo Ag
Aug 25, 2005
$10,183,379
Net Magan Prop Owner One
Farnsworth Indl Farms Two
Warranty Deed
—
Mar 30, 2005
$1,000
Farnsworth Farms Two
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
—
—
Sealy Distriplex Farms LLC
—
Loan Modification
related
$185,000,000 · Keybank USA
—
—
Sealy Distriplex Farms LLC
—
Loan Modification
related
$480,000,000 · Keybank USA
—
—
G & I X Industrial Memphis LLC
—
Deed Of Trust
related
$684,600,000 · Bank Of America
—
—
Sealy Distriplex Farms LLC
—
Loan Modification
related
$900,000,000 · Keybank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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