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Property profile & analytics
FOR LEASE
Warehouses
6386 Global Dr Memphis, TN 38141
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1171281
For Lease
$18,300,000
6386 Global Dr, Memphis, TN 38141
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
210,161 SF
Lot
14.86 ac (647,302 SF)
Zoning code
R-6
APN
094-300- - -00656
UPID
US80-1171281
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
-
Medacta USA Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.41M
Blend (final)
Blend
$18.30M
Owner & transaction history
Stiefvater Orchards LP · 2 yrs held
Stiefvater Orchards LP
since 2023
Last sale
$19.7M
3 recorded transactions
Zoning & alternative use
R-6 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$30.1M
+192.6%
Office building
$25.1M
+144.0%
Auto repair, garage
$20.4M
+98.3%
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
$18,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$30,060,000
Change: +193% · Conversion: Difficult
OFFICE BUILDING
$25,070,000
Change: +144% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,375,000
Change: +98% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$18,695,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$17,435,000
Change: +70% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,430,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$18.30M
Range $16.47M – $20.13M · ±10% · vs last sale $19.70M (Sep 15 2023)
Last sale anchor
$19.70M
Sep 15 2023
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
$87 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$238,610
Tax year 2023
Assessed value
$3,917,000
Assessed 2024
Previous assessed
$3,590,640
+9.1% YoY
Effective rate
6.09%
On assessed value
Assessed land
$213,800
Assessed improvement
$3,703,200
Land market value
$534,500
Improvement market value
$9,258,000
Total market value
$9,792,500
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
For Lease
Year built
2022
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
210,161 SF
Lot
14.86 ac (647,302 SF)
Zoning code
R-6
APN
094-300- - -00656
UPID
US80-1171281
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · 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
MEDICAL BUILDING
Est. value
$30.1M
OFFICE BUILDING
Est. value
$25.1M
AUTO REPAIR, GARAGE
Est. value
$20.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.7M
RETAIL STORES
Est. value
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.4M
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
14.86 ac
Current owner
From public records · entity-resolved
Stiefvater Orchards LP
Entity
Free & Clear · 2 yrs held
Mailing address
333 TEXAS ST STE #1050, SHREVEPORT, LA 71101-3680
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$19,700,000
Stiefvater Orchards LP
Scannell Properties 577 LLC
Special Warranty Deed
—
Sep 15, 2023
—
Sealy Global Drive LLC
Stiefvater Orchards LP
Special Warranty Deed
—
Mar 25, 2022
—
Scannell Properties 577 LLC
Scannell Properties 506 LLC
Intrafamily Transfer
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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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