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Property profile & analytics
OFF-MARKET
Estimated value
$17,990,000
Warehouses
6005 Freeport Ave Memphis, TN 38141-8389
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0495998
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
689,307 SF
Lot
22.68 ac (987,941 SF)
Zoning code
EMP
APN
094-200- - -00506
UPID
US80-0495998
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
-
Ortho clinical diagnosis Warehouse & Storage
-
Expeditors Freight Service Logistics Company
-
Amazon Warehouse Corporate Office
-
Kuehne + Nagel Inc. Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.23M
Blend (final)
Blend
$17.99M
Owner & transaction history
Caribou 6005 Freeport Avenue LLC · 3 yrs held
Caribou 6005 Freeport Avenue LLC
since 2022
Last sale
$20.2M
5 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
$16,025,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.99M
Range $16.19M – $19.79M · ±10% · vs last sale $20.15M (Sep 16 2022)
Last sale anchor
$20.15M
Sep 16 2022
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
$26 / 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
$615,453
Tax year 2022
Assessed value
$10,103,240
Assessed 2023
Previous assessed
$10,103,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$316,000
Assessed improvement
$9,787,240
Land market value
$790,000
Improvement market value
$24,468,100
Total market value
$25,258,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
689,307 SF
Lot
22.68 ac (987,941 SF)
Zoning code
EMP
APN
094-200- - -00506
UPID
US80-0495998
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.
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
22.68 ac
Current owner
From public records · entity-resolved
Caribou 6005 Freeport Avenue LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 W MATSONFORD RD #250, WAYNE, PA 19087-4558
Ownership since
2022
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
Sep 16, 2022
—
Caribou 6005 Freeport Avenue LLC
Big Box Property Owner D LLC
Quit Claim Deed
related
—
Jan 15, 2016
$20,150,000
Big Box Property Owner D LLC
Exeter 6005 Freeport LLC
Grant Deed
—
Mar 25, 2014
$14,800,000
Exeter 6005 Freeport LLC
Jpmcc 2007-ldp10-tri St Indl
Grant Deed
$90,000,000 · Bank Of America
Mar 15, 2013
$10,500,000
Jpmcc 2007-ldp10-tri-state Ind
Industrial Cic Owner LLC
Grant Deed
—
Apr 11, 2006
—
Usaa Realty Co
Industrial Dev Board Of City/memp
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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