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Property profile & analytics
FOR SALE
Strip malls
6349 Summer Ave Bartlett, TN 38134
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3372738
For Sale
1 / 2
$790,000
6349 Summer Ave, Bartlett, TN 38134
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
5,500 SF
Lot
0.55 ac (23,914 SF)
Zoning code
CMU-3
APN
089-025- -C-00001
UPID
US80-3372738
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
-
Xpress Window tint Interior Design Auto Repair Shop
-
TAPS African Groceryand Meat Take-out & Catering Butcher
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
Lutfi Bassam Ahmed · 1 yrs held
Lutfi Bassam Ahmed
since 2025
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
CMU-3 · Bartlett, 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 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
$7,727
Tax year 2022
Assessed value
$126,840
Assessed 2023
Previous assessed
$126,840
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$46,680
Assessed improvement
$80,160
Land market value
$116,700
Improvement market value
$200,400
Total market value
$317,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,500 SF
Lot
0.55 ac (23,914 SF)
Zoning code
CMU-3
APN
089-025- -C-00001
UPID
US80-3372738
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Bartlett, TN
Zoning CMU-3 · permitted uses
CMU-3 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Lutfi Bassam Ahmed
Individual
Mailing address
2884 WALNUT GRV RD, MEMPHIS, TN 38111-2714
Ownership since
2025
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
Jun 11, 2025
$650,000
Lutfi Bassam Ahmed
James J Skefos
Warranty Deed
—
Jul 12, 2007
$1,355,000
James J Skefos
Zam Properties INC
Warranty Deed
$490,615 · Jay & Zahra Fatolahi
—
—
James J Skefos
—
Deed Of Trust
related
$221,337 · Community Bank NA
—
—
Zam Properties LLC
—
Deed Of Trust
related
$260,000 · Trust One Bank
—
—
Skefos,james J
—
Deed Of Trust
related
$370,000 · Community Bk N Ms
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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