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Property profile & analytics
OFF-MARKET
Turn key restaurants
567 Perkins Rd Memphis, TN 38117
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1838771
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Total area
2,530 SF
Lot
0.39 ac (16,814 SF)
Zoning code
CMU-3
APN
057-012- - -00028
UPID
US80-1838771
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ledic Management Group LLC · 9 yrs held
Ledic Management Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
$8,519
Tax year 2022
Assessed value
$139,840
Assessed 2023
Previous assessed
$139,840
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$99,840
Assessed improvement
$40,000
Land market value
$249,600
Improvement market value
$100,000
Total market value
$349,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,530 SF
Lot
0.39 ac (16,814 SF)
Zoning code
CMU-3
APN
057-012- - -00028
UPID
US80-1838771
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Ledic Management Group LLC
Entity
Mailing address
555 S PERKINS RD, MEMPHIS, TN 38117-4405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2016
$100,000
Ledic Management Group LLC
Taylor Gary W Living Trust
Grant Deed
$630,000 · Scott P Ledbetter
Jul 21, 2016
—
Taylor,gary W Living Trust
Taylor,gary & Karen J
Quit Claim Deed
related
—
Dec 12, 2014
$125,000
Gary Taylor
Sa Group Properties INC
Grant Deed
—
Feb 25, 2014
—
Lynch,paula M Living Trust
Lynch,paula M
Quit Claim Deed
related
—
Dec 30, 2013
$125,000
Sa Group Properties INC
Clift R Spencer III
Trustees Deed
—
Dec 20, 2012
—
Glen E Bascom SR.
—
Loan Modification
related
$21,800,000 · Us Bank NA
Aug 9, 2011
—
Glen E Bascom SR.
—
Deed Of Trust
related
$5,550,000 · Us Bank NA
Jul 16, 2010
—
Glen E Bascom SR.
—
Deed Of Trust
related
$5,550,000 · Us Bank NA
Dec 22, 2006
—
Paula M Lynch
Lynch,richard L JR
Quit Claim Deed
related
—
Dec 13, 2006
—
Glen E Bascom SR.
Bascom,glen E
Quit Claim Deed
related
$1,350,000 · First Capital Bank Ssb
—
—
Gary W Taylor
—
Deed Of Trust
related
$3,014,082 · Farm Credit Svcs
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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