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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Strip malls
6515 Poplar Ave Memphis, TN 38119-4878
Entity Owned
27-yr Hold
Free & Clear
Property ID
US80-1311365
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Total area
21,997 SF
Lot
2.5 ac (108,987 SF)
Zoning code
RU-3
APN
081-009- -A-00002
UPID
US80-1311365
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
-
Cadence Bank- Crescent Center Interactive Drive-thru Teller Atm
-
Humana Insurance Agency
-
Prosthetic One Orthotics & Prosthetics Service
-
Dr. Cheryl D. Winfrey Pediatrician Physician
-
Katheryn Byrd Md Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.24M
Owner & transaction history
Poplar Pines West LLC · 27 yrs held
Poplar Pines West LLC
since 1998
4 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+94.9%
Office building
$3.0M
+86.6%
Auto repair, garage
$2.1M
+32.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,615,000
Current use
MEDICAL BUILDING
$3,145,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$3,015,000
Change: +87% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,130,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,955,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10%
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
$102 / 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
$65,892
Tax year 2022
Assessed value
$1,081,680
Assessed 2023
Previous assessed
$1,081,680
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$974,240
Assessed improvement
$107,440
Land market value
$2,435,600
Improvement market value
$268,600
Total market value
$2,704,200
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
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
21,997 SF
Lot
2.5 ac (108,987 SF)
Zoning code
RU-3
APN
081-009- -A-00002
UPID
US80-1311365
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Poplar Pines West LLC
Entity
Free & Clear · 27 yrs held
Mailing address
744 S WHITE STA RD, MEMPHIS, TN 38117-4577
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 1998
—
Poplar Pines West LLC
Fogelman,robert F
Quit Claim Deed
related
—
—
—
Poplar Court LLC
—
Deed Of Trust
related
$2,897,500 · First American National Bank
—
—
Poplar Court LLC
—
Deed Of Trust
related
$2,100,000 · Fogelman Robert F Trust (pt)
—
—
Poplar Court LLC
—
Deed Of Trust
related
$2,897,500 · Regions Bank
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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