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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Manufacturing properties
827 Main St Memphis, TN 38106-2063
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1413332
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1930
Total area
10,145 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GC
APN
012-075- - -00004-C
UPID
US80-1413332
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
-
Ghost River Brewery & Taproom Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$630k
Owner & transaction history
Scs Leasing LLC · 2 yrs held
Scs Leasing LLC
since 2023
Last sale
$652,980
7 recorded transactions
Zoning & alternative use
GC · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+136.2%
Retail stores
$840,000
+102.1%
Neighborhood: shopping center
$745,000
+78.8%
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
$630,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$415,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +136% · Conversion: Easy
RETAIL STORES
$840,000
Change: +102% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $653k (Dec 28 2023)
Last sale anchor
$653k
Dec 28 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
$62 / 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
$19,176
Tax year 2022
Assessed value
$314,800
Assessed 2023
Previous assessed
$314,800
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$18,120
Assessed improvement
$296,680
Land market value
$45,300
Improvement market value
$741,700
Total market value
$787,000
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1930
Heating
SPACE
Cooling
NONE
Stories
1
Total area
10,145 SF
Lot
0.48 ac (20,909 SF)
Zoning code
GC
APN
012-075- - -00004-C
UPID
US80-1413332
Jurisdiction
SHELBY
Zoning & alternative use
GC · Memphis, TN
Zoning GC · permitted uses
GC · 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
INDUSTRIAL (GENERAL) Current
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1930
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Scs Leasing LLC
Entity
Mailing address
2300 SILTER BLDG ST BLDG #685, MEMPHIS, TN 38114
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Scs Leasing LLC
Scs Leasing LLC
Intrafamily Transfer
related
—
Mar 13, 2020
$652,980
Scs Leasing LLC
Boscos Re LLC
Warranty Deed
$850,000 · Paragon Bk
Dec 26, 2013
—
Boscos Re LLC
—
Trustees Deed
related
$1,990,518 · Paragon National Bank
Jun 9, 2005
$272,500
Boscos Re LLC
Ewing,charles L & Donna C
Warranty Deed
$218,000 · Banktennessee
—
—
Boscos Re LLC
—
Deed Of Trust
related
$390,654 · Banktennessee
—
—
Charles L Ewing
—
Deed Of Trust
related
$175,000 · First Tennessee Bank National
—
—
Charles L Ewing
—
Deed Of Trust
related
$300,000 · First Tennessee Bank National
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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