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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Auto shops
6400 Shelby Dr Memphis, TN 38141-7703
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3482303
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1996
Total area
6,515 SF
Lot
0.63 ac (27,486 SF)
Zoning code
CMU-2
APN
093-700- - -00528
UPID
US80-3482303
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
-
MJ Auto Body & Glass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$600k
Owner & transaction history
Mj Auto LLC · 1 yrs held
Mj Auto LLC
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$930,000
+47.6%
Office building
$775,000
+23.1%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$630,000
Current use
MEDICAL BUILDING
$930,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$580,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Oct 17 2024)
Last sale anchor
$600k
Oct 17 2024
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
$92 / 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
$8,302
Tax year 2023
Assessed value
$136,280
Assessed 2024
Previous assessed
$136,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$44,000
Assessed improvement
$92,280
Land market value
$110,000
Improvement market value
$230,700
Total market value
$340,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1996
Heating
SPACE
Cooling
NONE
Stories
1
Total area
6,515 SF
Lot
0.63 ac (27,486 SF)
Zoning code
CMU-2
APN
093-700- - -00528
UPID
US80-3482303
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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 Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$930,000
OFFICE BUILDING
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$580,000
RETAIL STORES
Est. value
$540,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1996
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Mj Auto LLC
Entity
Mailing address
6400 E SHELBY DR, MEMPHIS, TN 38141-7703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 17, 2024
$600,000
Mj Auto LLC
Mj Auto Center LLC
Warranty Deed
$544,000 · Simmons Bank
Sep 24, 2018
$325,000
Mj Auto Center LLC
Phil Reed Properties Ltd Lllp
Warranty Deed
$270,000 · Simmons Bk
Jul 16, 2009
—
Phil Reed Properties Ltd Lllp
Reed,philip W & Jean M
Quit Claim Deed
related
—
Dec 18, 2008
$840,000
Phillip W Reed
Lynch,richard
Warranty Deed
$600,000 · Macon Bank & Trust Co
—
—
Phil Reed Properties Ltd Lllp
—
Deed Of Trust
related
$360,000 · Macon 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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