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Property profile & analytics
FOR LEASE
Industrial properties
6399 Shelby View Dr, Memphis, TN 38134
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1039319
For Lease
1 / 2
$10,595,000
6399 Shelby View Dr, Memphis, TN 38134
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1998
Total area
147,550 SF
Lot
10.19 ac (443,876 SF)
Zoning code
CA
APN
089-044- - -00315
UPID
US80-1039319
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
-
Cope Plastics, Inc. Factory Production Facility
-
K1 Speed - Indoor Go Karts, Corporate Event Venue, Team Building Activities Resort
-
ATM - Service Master 2 Atm
-
Cincinnati Systems Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.60M
Owner & transaction history
Apexus 6399 Shelby LP · 3 yrs held
Apexus 6399 Shelby LP
since 2022
Last sale
$14.2M
7 recorded transactions
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+136.2%
Office building
$13.2M
+117.6%
Apartment house (5+ units)
$13.1M
+116.7%
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
$11,275,000
ML approach
$8,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,305,000
Change: +136% · Conversion: Easy
OFFICE BUILDING
$13,180,000
Change: +118% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,125,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$12,240,000
Change: +102% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,830,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$10.60M
Range $9.54M – $11.65M · ±10% · vs last sale $14.18M (Aug 25 2022)
Last sale anchor
$14.18M
Aug 25 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
$72 / 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
$154,867
Tax year 2022
Assessed value
$2,542,280
Assessed 2023
Previous assessed
$2,542,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$473,760
Assessed improvement
$2,068,520
Land market value
$1,184,400
Improvement market value
$5,171,300
Total market value
$6,355,700
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
147,550 SF
Lot
10.19 ac (443,876 SF)
Zoning code
CA
APN
089-044- - -00315
UPID
US80-1039319
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
AUTO REPAIR, GARAGE
Est. value
$14.3M
OFFICE BUILDING
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
RETAIL STORES
Est. value
$12.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.19 ac
Current owner
From public records · entity-resolved
Apexus 6399 Shelby LP
Entity
Mailing address
10101 FONDREN RD STE 250F, HOUSTON, TX 77096-5551
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$14,178,364
Apexus 6399 Shelby LP
Breit Se Industrial Propco Tn LLC
Special Warranty Deed
$52,882,000 · Ubs Bank USA
Nov 9, 2018
—
Breit Se Indl Propco Tn LLC
Breit Se Indl Memphis Portfol
Quit Claim Deed
related
—
Jun 19, 2015
$36,380,866
Mdh Memphis Portfolio LLC
Belz Devco Gp
Grant Deed
$62,000,000 · Miscellaneous Ins Co
Apr 16, 2015
—
Belz Devco Gp
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
May 27, 2009
$1,000
Devco Gp Belz
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
Jul 25, 2007
—
Devco Gp Belz
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
Dec 31, 1998
—
Dev Board Ind
Belz Devco LP
Grant 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.
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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