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Property profile & analytics
OFF-MARKET
Office Spaces
5501 Winchester Rd Memphis, TN 38115-4622
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0148953
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Total area
750 SF
Lot
0.07 ac (3,093 SF)
Zoning code
CMU-2
APN
093-418- -A-00016
UPID
US80-0148953
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
-
Fossett Corp Advertising Agency Marketing & Advertising
-
Freetalk Wireless Mobile Phone Store Electronics & Wireless Store
-
Jay's Tropical Snow Grocery & Convenience Store Specialty Food Shop
-
Sit With Me Daycare Center Foster Care Service
-
Affordable Home Properties Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Big R Enterprises LLC · 2 yrs held
Big R Enterprises LLC
since 2024
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$855
Tax year 2022
Assessed value
$14,040
Assessed 2023
Previous assessed
$14,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$3,120
Assessed improvement
$10,920
Land market value
$7,800
Improvement market value
$27,300
Total market value
$35,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
750 SF
Lot
0.07 ac (3,093 SF)
Zoning code
CMU-2
APN
093-418- -A-00016
UPID
US80-0148953
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Big R Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5501 S WINCHESTER RD, MEMPHIS, TN 38115-4622
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$8,506
Big R Enterprises LLC
Virginia Mormon Williams
Sheriffs Deed
related
—
Mar 4, 2016
$60,000
Virginia M Williams
Qsm Holdings LLC
Warranty Deed
$54,000 · Private Individual
Jul 27, 2011
$273,333
Qsm Holdings LLC
Pegasus Real Estate Svcs LLC
Warranty Deed
related
—
Dec 29, 2010
$315,000
Pegasus Real Estate Svcs LLC
Midwest Busn Cap
Grant Deed
$84,000 · Hedda Schwartz
Feb 1, 2010
$400,000
Midwest Busn Cap
Mink M Wayne JR
Trustees Deed
related
—
Mar 18, 2008
—
Horizon Enterprises-tn LLC
Horizon Ents LLC
Quit Claim Deed
related
—
Dec 15, 2005
$1,030,000
Horizon Ents LLC
Gregory Realty LLC
Warranty Deed
$824,000 · Pulaski Bank
Dec 14, 2004
$690,000
Hulet Gregory
Watco
Warranty Deed
$592,242 · Union Planters National Bank
Dec 14, 2004
—
Watco
Wilson C K 1998 Trust
Quit Claim 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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