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Property profile & analytics
FOR LEASE
Investment properties
676 Marshall Ave Memphis, TN 38103
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-1388007
For Lease
1 / 16
$1,110,000
676 Marshall Ave, Memphis, TN 38103
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
11,835 SF
Lot
0.28 ac (12,240 SF)
Zoning code
CBD
APN
007-037- - -00012
UPID
US80-1388007
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
-
Boulevard Souvenirs (Bike/Boat/Book/etc) Store
-
Golden Knights Moving Co. Moving Company
-
PKM Architects Architect
-
Nine01 II Five04 Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.11M
Owner & transaction history
Marshall LLC · 8 yrs held
Marshall LLC
since 2017
7 recorded transactions
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+136.7%
Office building
$1.2M
+68.4%
Auto repair, garage
$1.1M
+60.4%
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
COMMERCIAL (GENERAL)
$715,000
Current use
MEDICAL BUILDING
$1,695,000
Change: +137% · Conversion: Easy
OFFICE BUILDING
$1,205,000
Change: +68% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,145,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$94 / 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
$24,367
Tax year 2022
Assessed value
$400,000
Assessed 2023
Previous assessed
$400,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$56,640
Assessed improvement
$343,360
Land market value
$141,600
Improvement market value
$858,400
Total market value
$1,000,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1948
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Total area
11,835 SF
Lot
0.28 ac (12,240 SF)
Zoning code
CBD
APN
007-037- - -00012
UPID
US80-1388007
Jurisdiction
SHELBY
Zoning & alternative use
CBD · Memphis, TN
Zoning CBD · permitted uses
CBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
RETAIL STORES
Est. value
$720,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Marshall LLC
Entity
Mailing address
PO BOX 3158, MEMPHIS, TN 38173-0158
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
—
Marshall LLC
—
Deed
related
$969,317 · First Com'l Bk
Jun 25, 2019
—
Marshall LLC
—
Deed
related
$65,000 · Bank3
Aug 17, 2017
$375,000
Marshall LLC
J & J Properties
Grant Deed
$907,725 · Bank3
Feb 22, 2016
$185,000
J & J Properties
Bloch,laurence M
Warranty Deed
$185,000 · Laurence M Bloch
Oct 9, 2015
$100,000
Laurence M Bloch
Moss William P III|action Enterprizes Corp
Trustees Deed
—
Dec 7, 2009
—
Ffun
Moore,rosiland
Quit Claim Deed
related
—
Aug 22, 2000
—
Rosiland I Moore
Action Enterprises Corp
Quit Claim Deed
related
—
—
—
Marshall LLC
—
Deed Of Trust
related
$65,000 · Bank3
—
—
Marshall LLC
—
Deed Of Trust
related
$969,317 · First Com'l 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.
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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