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Property profile & analytics
FOR LEASE
Industrial properties
6949 Appling Farms Pkwy, Memphis, TN 38133
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0697419
For Lease
$1,050,000
6949 Appling Farms Pkwy, Memphis, TN 38133
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2005
Total area
47,475 SF
Lot
2.5 ac (108,900 SF)
Zoning code
CA
APN
092-012- - -00034
UPID
US80-0697419
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
-
AVI-SPL IT Consulting Firm Tech Support Center
-
Medical Alternatives Pharmacy
-
Lasting Expressions Photography Service (Bike/Boat/Book/etc) Store
-
LivItUp Association Or Organization Social Services Organization
-
LL Flooring General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$1.05M
Owner & transaction history
Appling Farms Corporate Park LLC · 2 yrs held
Appling Farms Corporate Park LLC
since 2024
5 recorded transactions
Zoning & alternative use
CA · Memphis, 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 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
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$22 / 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
$66,489
Tax year 2022
Assessed value
$1,091,480
Assessed 2023
Previous assessed
$1,091,480
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$196,040
Assessed improvement
$895,440
Land market value
$490,100
Improvement market value
$2,238,600
Total market value
$2,728,700
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
47,475 SF
Lot
2.5 ac (108,900 SF)
Zoning code
CA
APN
092-012- - -00034
UPID
US80-0697419
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.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Appling Farms Corporate Park LLC
Entity
Mailing address
4728 SPOTTSWOOD AVE #207, MEMPHIS, TN 38117-4817
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
5 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 9, 2020
—
Appling Farms Corporat Park LLC
—
Deed
related
$22,183,000 · A10 Capital LLC
May 15, 2017
—
Appling Farms Corp Park LLC
—
Grant Deed
related
$24,000,000 · Pinnacle Bk
—
—
Farms Properties 2 LP Appling
—
Deed Of Trust
related
$250,000 · Trustmark National Bank
—
—
Farms Properties 2 LP Appling
—
Deed Of Trust
related
$3,150,000 · Farm Fam Life Ins Co
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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