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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Manufacturing properties
545 Pear Ave Memphis, TN 38107-1040
Individually Owned
11-yr Hold
Free & Clear
Property ID
US80-0700761
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1952
Total area
36,256 SF
Lot
1.71 ac (74,662 SF)
Zoning code
IH
APN
039-027- - -00001-C
UPID
US80-0700761
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$535k
Owner & transaction history
Dennis W Jones · 11 yrs held
Dennis W Jones
since 2015
7 recorded transactions
Zoning & alternative use
IH · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$15 / 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
$5,882
Tax year 2022
Assessed value
$96,560
Assessed 2023
Previous assessed
$96,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$14,960
Assessed improvement
$81,600
Land market value
$37,400
Improvement market value
$204,000
Total market value
$241,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1952
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
36,256 SF
Lot
1.71 ac (74,662 SF)
Zoning code
IH
APN
039-027- - -00001-C
UPID
US80-0700761
Jurisdiction
SHELBY
Zoning & alternative use
IH · Memphis, TN
Zoning IH · permitted uses
IH · 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.
Building & site characteristics
From public records
Year built
1952
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Dennis W Jones
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 3RD 3, BRUNSWICK, TN 38014-0003
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2015
$290,000
Dennis W Jones
Nielsen Irene W Trust
Warranty Deed
—
Feb 8, 2012
—
Anne M Wilson
Nielsen,irene W & Svend
Quit Claim Deed
related
—
Feb 2, 2012
—
Irene W Nielsen
Nielsen Irene W Trust
Quit Claim Deed
related
—
Jan 27, 2011
—
Anne M Wilson
Nielsen,irene W
Quit Claim Deed
related
—
Jan 20, 2011
—
Irene W Nielsen
Nielsen Irene W Trust
Quit Claim Deed
related
—
Dec 29, 2010
—
Anne M Wilson
Nielsen,irene W & Svend
Quit Claim Deed
related
—
Dec 21, 2010
—
Nielsen Irene W Trust
Wilson,irene O
Grant Deed
related
—
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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