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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Manufacturing properties
6936 Appling Farms Pkwy Memphis, TN 38133-4724
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0896076
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
2003
Total area
23,857 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CA
APN
092-012- - -00028
UPID
US80-0896076
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
-
Rivian Service Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Appling Farms Corporate Park LLC · 2 yrs held
Appling Farms Corporate Park LLC
since 2023
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+248.5%
Office building
$2.8M
+190.6%
Auto repair, garage
$2.3M
+136.2%
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
$2,645,000
ML approach
$2,625,000
CAP Approach
CAP Return
Estimation
6%
$4,040,000
6.5%
$3,730,000
7%
$3,465,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,415,000
Change: +248% · Conversion: Difficult
OFFICE BUILDING
$2,845,000
Change: +191% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,315,000
Change: +136% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,120,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +102% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,750,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.75M (Dec 22 2023)
Last sale anchor
$2.75M
Dec 22 2023
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
$113 / 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
$28,643
Tax year 2022
Assessed value
$470,200
Assessed 2023
Previous assessed
$470,200
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$99,560
Assessed improvement
$370,640
Land market value
$248,900
Improvement market value
$926,600
Total market value
$1,175,500
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
23,857 SF
Lot
1.27 ac (55,321 SF)
Zoning code
CA
APN
092-012- - -00028
UPID
US80-0896076
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Appling Farms Corporate Park LLC
Entity
Mailing address
4728 SPOTTSWOOD AVE #207, MEMPHIS, TN 38117-4817
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
Appling Farms Corporate Park LLC
—
Deed
related
$24,200,000 · Morgan Stanley Bank NA
Dec 22, 2023
—
Appling Farms Corporate Park LLC
Appling Farms Holdings LLC
Quit Claim Deed
related
—
Jan 4, 2023
$2,746,000
Appling Farms Holdings LLC
Appling Farms Center LLC
Warranty Deed
—
Jul 17, 2017
—
Appling Farms Center LLC
—
Deed
related
$1,600,000 · First Nat'l Bk/estrn Ar
Jun 2, 2017
$1,275,000
Appling Farms Center LLC
Champion Memphis Realty LLC
Grant Deed
—
—
—
Appling Farms Center LLC
—
Deed Of Trust
related
$1,600,000 · First Nat'l Bk/estrn Ar
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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