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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Strip malls
6722 Summer Ave Bartlett, TN 38134-4785
Trust Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1374676
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
9,520 SF
Lot
1.18 ac (51,575 SF)
Zoning code
SC-1
APN
B01-57 - - -00928
UPID
US80-1374676
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
-
Hollywood Feed (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$935k
Owner & transaction history
Assefa Gebremichae Revocable Trust · 1 yrs held
Assefa Gebremichae Revocable Trust
since 2024
7 recorded transactions
Zoning & alternative use
SC-1 · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+94.9%
Auto repair, garage
$925,000
+32.1%
Office building
$850,000
+21.7%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$700,000
Current use
MEDICAL BUILDING
$1,360,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$575,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$98 / 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
$18,604
Tax year 2022
Assessed value
$548,800
Assessed 2023
Previous assessed
$548,800
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$145,680
Assessed improvement
$403,120
Land market value
$364,200
Improvement market value
$1,007,800
Total market value
$1,372,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
9,520 SF
Lot
1.18 ac (51,575 SF)
Zoning code
SC-1
APN
B01-57 - - -00928
UPID
US80-1374676
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Bartlett, TN
Zoning SC-1 · permitted uses
SC-1 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$925,000
OFFICE BUILDING
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Assefa Gebremichae Revocable Trust
Trust
Free & Clear · 1 yrs held
Mailing address
6553 COTTINGHAM PL, MEMPHIS, TN 38120-3200
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Assefa Gebremichae Revocable Trust
Kirama Investment Group
Quitclaim Deed
related
—
Oct 10, 2022
—
Kirama Investment Group LLC
—
Deed
related
$2,728,597 · The Bank Of Holly Spring
Oct 5, 2022
—
Kirama Investment Group LLC
—
Deed
related
$3,321,276 · The Bank Of Holly Spring
Jul 27, 2017
$1,443,000
Kirama Investment Group LLC
Gsa Investments LLC
Warranty Deed
$740,067 · Bank Of Holly Springs
Sep 4, 2015
$975,000
Gsa Investments LLC
Vds Dev LLC
Warranty Deed
$731,250 · Pnc Bk
—
—
Vds Dev LLC
—
Loan Modification
related
$50,121 · Cadence Bk
—
—
Vds Dev LLC
—
Loan Modification
related
—
—
—
Vds Dev LLC
—
Loan Modification
related
$82,572 · Cadence 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.
Try Rey
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