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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Banks
643 Covington Walk S Ln Collierville, TN 38017-1039
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2968805
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2021
Total area
3,377 SF
Lot
0.17 ac (7,275 SF)
Zoning code
R1
APN
C02-33D- -B-00025
UPID
US80-2968805
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$520k
Owner & transaction history
Matthew M Mcgriff · 4 yrs held
Matthew M Mcgriff
since 2021
Last sale
$554,063
1 recorded transaction
Zoning & alternative use
R1 · Collierville, 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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
$455,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$565,000
Current use
MEDICAL BUILDING
$500,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $554k (Dec 6 2021)
Last sale anchor
$554k
Dec 6 2021
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
$154 / 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
$7,026
Tax year 2022
Assessed value
$137,500
Assessed 2023
Previous assessed
$137,500
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$25,050
Assessed improvement
$112,450
Land market value
$100,200
Improvement market value
$449,800
Total market value
$550,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2021
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
8
Total area
3,377 SF
Lot
0.17 ac (7,275 SF)
Zoning code
R1
APN
C02-33D- -B-00025
UPID
US80-2968805
Jurisdiction
SHELBY
Zoning & alternative use
R1 · Collierville, TN
Zoning R1 · permitted uses
R1 · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$565,000
MEDICAL BUILDING
Est. value
$500,000
OFFICE BUILDING
Est. value
$490,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
OFFICE BUILDING
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
2021
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Matthew M Mcgriff
Individual
Mailing address
643 COVINGTON WALK LN S, COLLIERVILLE, TN 38017-1039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
$554,063
Matthew M Mcgriff
Regency Homebuilders LLC
Warranty Deed
$448,750 · Bartlett Mortgage INC
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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