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Property profile & analytics
OFF-MARKET
Estimated value
$14,835,000
Warehouses
5800 Challenge Dr Memphis, TN 38115-5014
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0270377
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
419,065 SF
Lot
19.92 ac (867,672 SF)
Zoning code
EMP
APN
093-400- - -00549
UPID
US80-0270377
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
-
Cummins Industrial Manufacturer Production Facility
-
Aviall Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.41M
Blend (final)
Blend
$14.84M
Owner & transaction history
Economic Dev Growth Engine Ind · 10 yrs held
Economic Dev Growth Engine Ind
since 2016
7 recorded transactions
Zoning & alternative use
EMP · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,405,000
Current use
Blend value · Realmo final
$14.84M
Range $13.35M – $16.32M · ±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
$35 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$35,510
Tax year 2021
Land market value
$699,800
Improvement market value
$17,926,000
Total market value
$18,625,800
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
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
419,065 SF
Lot
19.92 ac (867,672 SF)
Zoning code
EMP
APN
093-400- - -00549
UPID
US80-0270377
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
$16.4M
WAREHOUSE, STORAGE Current
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
19.92 ac
Current owner
From public records · entity-resolved
Economic Dev Growth Engine Ind
Individual
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
Pool Industrial Tn Pool B LLC
—
Deed
related
$124,812,700 · Wells Fargo Bank NA Etal
Dec 16, 2021
—
Pool 6 Industrial Tn LLC
—
Deed
related
—
Dec 10, 2021
—
Pool 6 Industrial Tn LLC
—
Deed
related
—
Dec 12, 2018
—
Exeter 5800 Challenge LLC
—
Loan Modification
related
$273,944,075 · Bank Of America
Feb 4, 2016
—
Exeter 5800 Challenge LLC
—
Trustees Deed
related
$250,000,000 · Bank Of America
Jan 25, 2016
—
Economic Dev Growth Engine Ind
Exeter 5800 Challenge LLC
Grant Deed
—
Jan 25, 2016
$16,900,000
Exeter 5800 Challenge LLC
Prologis Na2 Tennessee I LLC
Grant Deed
—
Apr 23, 2010
—
Prologis Na2 Tennessee I LLC
—
Deed Of Trust
related
$71,000,000 · Wells Fargo Bank
Oct 14, 2003
—
Prologis-macquarie Tennessee
—
Deed Of Trust
related
$29,119,000 · Allstate Life Insurance Co
Dec 23, 2002
$45,045,000
Acquiport Memphis Dc INC
—
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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