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Property profile & analytics
OFF-MARKET
Estimated value
$15,655,000
Strip malls
6005 Stage Rd Memphis, TN 38134
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-1557415
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
175,748 SF
Lot
17.75 ac (773,190 SF)
Zoning code
CG-MS
APN
B01-57 - - -00497
UPID
US80-1557415
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
$21.23M
Blend (final)
Blend
$15.66M
Owner & transaction history
Branch Bartlett Associates LP · 9 yrs held
Branch Bartlett Associates LP
since 2017
4 recorded transactions
Zoning & alternative use
CG-MS · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.1M
+94.9%
Auto repair, garage
$17.0M
+32.1%
Office building
$15.7M
+21.7%
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
NEIGHBORHOOD: SHOPPING CENTER
$12,900,000
Current use
MEDICAL BUILDING
$25,140,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,035,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$15,700,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$15,635,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$14,580,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,620,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$15.66M
Range $14.09M – $17.22M · ±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
$89 / 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
$316,032
Tax year 2022
Assessed value
$9,322,480
Assessed 2023
Previous assessed
$9,322,480
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$1,227,400
Assessed improvement
$8,095,080
Land market value
$3,068,500
Improvement market value
$20,237,700
Total market value
$23,306,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
175,748 SF
Lot
17.75 ac (773,190 SF)
Zoning code
CG-MS
APN
B01-57 - - -00497
UPID
US80-1557415
Jurisdiction
SHELBY
Zoning & alternative use
CG-MS · Memphis, TN
Zoning CG-MS · permitted uses
CG-MS · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$25.1M
AUTO REPAIR, GARAGE
Est. value
$17.0M
OFFICE BUILDING
Est. value
$15.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.6M
RETAIL STORES
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
17.75 ac
Current owner
From public records · entity-resolved
Branch Bartlett Associates LP
Entity
Free & Clear · 9 yrs held
Mailing address
3340 PEACHTREE RD NE STE #2775, ATLANTA, GA 30326-1016
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Branch Bartlett Associates
—
Loan Modification
related
$149,666,250 · Miscellaneous Ins Co
Oct 6, 2017
—
Branch Bartlett Associates
—
Grant Deed
related
$110,000,000 · Miscellaneous Ins Co
Jul 13, 2017
—
Branch Bartlett Associates LP
Wni Of Tennessee LP
Quit Claim Deed
related
—
Jul 13, 2017
$28,800,000
Branch Bartlett Associates LP
Wni Of Tennessee LP
Grant 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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