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Property profile & analytics
OFF-MARKET
Strip malls
6337 Summer Ave Bartlett, TN 38134-5984
Trust Owned
8-yr Hold
Free & Clear
Property ID
US80-3372912
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
8,621 SF
Lot
1.24 ac (54,014 SF)
Zoning code
R-8
APN
089-025- - -00248
UPID
US80-3372912
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
-
Salon Qualified Career Center Vocational School Training Center
-
LibertyX Bitcoin ATM Atm
-
Malone’s Kitchen Restaurant
-
Summer Wine & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Taylormade Exclusive LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ferrell Children Trust · 8 yrs held
Ferrell Children Trust
since 2018
7 recorded transactions
Zoning & alternative use
R-8 · Bartlett, TN
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,866
Tax year 2022
Assessed value
$211,200
Assessed 2023
Previous assessed
$211,200
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$92,280
Assessed improvement
$118,920
Land market value
$230,700
Improvement market value
$297,300
Total market value
$528,000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,621 SF
Lot
1.24 ac (54,014 SF)
Zoning code
R-8
APN
089-025- - -00248
UPID
US80-3372912
Jurisdiction
SHELBY
Zoning & alternative use
R-8 · Bartlett, TNZoning R-8 · permitted uses
R-8 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Ferrell Children Trust
Trust
Free & Clear · 8 yrs held
Mailing address
3919 FRST POINTE WAY, ARLINGTON, TN 38002-9894
Ownership since
2018
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
May 21, 2019
—
Waraich Properties INC
—
Deed
related
$375,644 · Landmark Cmnty Bk
Jul 5, 2018
—
Ferrell Children Trust
Jd Ventures I LLC
Quit Claim Deed
related
—
Jul 5, 2018
$355,000
Waraich Properties INC
Childern Ferrell Trust
Warranty Deed
$266,250 · Landmark Cmnty Bk
Nov 10, 2011
—
Ferrell Children Trust
Jd Ventures LLC
Quit Claim Deed
related
—
Jan 26, 2010
—
Jd Ventures LLC
—
Deed Of Trust
related
$1,245,000 · Bank Of Bartlett
Aug 21, 2009
—
Jerry W Ferrell
—
Trustees Deed
related
$945,000 · Bank Of Bartlett
Oct 18, 2007
$700,000
Kns LLC
Ferrell,jerry W & Debora
Warranty Deed
$560,000 · Us Bk
Sep 8, 2004
$350,000
Ferrell,jerry W & Debora
Brown,edmond T
Warranty Deed
—
Apr 1, 2004
—
Natures Earth Products
—
Trustees Deed
related
$100,309 · Bancorp South Bank
—
—
Waraich Properties INC
—
Loan Modification
related
$375,644 · Landmark Cmnty Bk
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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