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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Industrial properties
5846 Distribution Dr Memphis, TN 38141-8203
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-0681692
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1984
Total area
35,280 SF
Lot
3.18 ac (138,608 SF)
Zoning code
EMP
APN
093-623- -A-00049-C
UPID
US80-0681692
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
-
American Esoteric Laboratories Medical Laboratory
-
Quest Diagnostics Medical Laboratory
-
Oxford Immunotec Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.60M
Owner & transaction history
Plymouth 5846 Distribution Tn · 5 yrs held
Plymouth 5846 Distribution Tn
since 2020
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.6M
+78.8%
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
$1,405,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,590,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.70M (Dec 30 2020)
Last sale anchor
$1.70M
Dec 30 2020
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
$45 / 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
$41,423
Tax year 2022
Assessed value
$680,000
Assessed 2023
Previous assessed
$680,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$61,200
Assessed improvement
$618,800
Land market value
$153,000
Improvement market value
$1,547,000
Total market value
$1,700,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1984
Heating
SPACE
Cooling
NONE
Stories
1
Units
1
Total area
35,280 SF
Lot
3.18 ac (138,608 SF)
Zoning code
EMP
APN
093-623- -A-00049-C
UPID
US80-0681692
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Plymouth 5846 Distribution Tn
Individual
Free & Clear · 5 yrs held
Mailing address
20 CUSTOM HOUSE ST STE #11, BOSTON, MA 02110-3534
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Plymouth 5846 Distribution Tn LLC
—
Deed
related
—
Feb 10, 2026
—
Plymouth 5846 Distribution Tn LLC
—
Deed
related
—
Dec 30, 2020
—
Plymouth 5846 Distribution Tn
Fpip B1 LLC
Quit Claim Deed
related
—
Dec 30, 2020
$1,700,000
Plymouth 5846 Distribution Tn
Fpip B1 LLC
Grant Deed
$56,000,000 · Miscellaneous Ins Co
Feb 21, 2018
$1,250,000
Fpip B1 LLC
Omc Investment Venture
Trustees Deed
related
$9,720,750 · Citizens Nat'l Bk/meridian
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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