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Property profile & analytics
OFF-MARKET
Estimated value
$24,165,000
Warehouses
5780 Shelby Dr Memphis, TN 38141-6879
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-0160547
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
116,540 SF
Lot
5.88 ac (256,133 SF)
Zoning code
CA
APN
093-600- - -00445
UPID
US80-0160547
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
-
Honeywell Inc Corporate Office Factory
-
Cole National Ophthalmologist (Bike/Boat/Book/etc) Store
-
Optical Factory Outlet: Mc Shan Nancy OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$24.17M
CAP Approach
CAP
$16.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.17M
Owner & transaction history
A L Dougherty-tennessee LLC
A L Dougherty-tennessee LLC
since 2026
Last sale
$24.2M
2 recorded transactions
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.9M
+530.0%
Medical building
$16.7M
+192.6%
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
$24,165,000
ML approach
$24,165,000
CAP Approach
CAP Return
Estimation
6%
$18,010,000
6.5%
$16,625,000
7%
$15,440,000
Alternative Use
Use
Estimation
RESTAURANT
$35,885,000
Change: +530% · Conversion: Difficult
MEDICAL BUILDING
$16,670,000
Change: +193% · Conversion: Difficult
Blend value · Realmo final
$24.17M
Range $21.75M – $26.58M · ±10% · vs last sale $24.16M (Aug 22 2024)
Last sale anchor
$24.16M
Aug 22 2024
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
$207 / 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
$97,320
Tax year 2022
Assessed value
$1,597,600
Assessed 2023
Previous assessed
$1,597,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$96,440
Assessed improvement
$1,501,160
Land market value
$241,100
Improvement market value
$3,752,900
Total market value
$3,994,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
1990
Heating
SPACE
Cooling
NONE
Stories
1
Total area
116,540 SF
Lot
5.88 ac (256,133 SF)
Zoning code
CA
APN
093-600- - -00445
UPID
US80-0160547
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
RESTAURANT
Est. value
$35.9M
MEDICAL BUILDING
Est. value
$16.7M
RESTAURANT
MEDICAL BUILDING
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
1990
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.88 ac
Current owner
From public records · entity-resolved
A L Dougherty-tennessee LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1385 WARREN AVE STE B, DOWNERS GROVE, IL 60515-3466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
A L Dougherty-tennessee LLC
Economic Development Growth Engine Indus
Quitclaim Deed
—
Aug 22, 2024
—
Economic Developmetn Growth Engine
A L Dougherty Tennessee LLC
Special Warranty Deed
—
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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