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Property profile & analytics
FOR LEASE
Strip malls
8510 Wilkinsville Rd, Millington, TN 38053
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-0703313
For Lease
$2,790,000
8510 Wilkinsville Rd, Millington, TN 38053
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
26,720 SF
Lot
2.52 ac (109,641 SF)
Zoning code
P-C
APN
M01-15R- -B-00006
UPID
US80-0703313
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
-
DaVita Millington Dialysis Medical Clinic
-
CD Vapor (Bike/Boat/Book/etc) Store
-
Dumpster Man Rental Millington TN Corporate Office
-
Security Finance Loan Service
-
Dun Dun's Fish Market & Hot Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Mitchell Kitay · 9 yrs held
Mitchell Kitay
since 2016
7 recorded transactions
Zoning & alternative use
P-C · Millington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+66.3%
Office building
$3.2M
+34.4%
Auto repair, garage
$2.7M
+12.4%
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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
$2,380,000
Current use
MEDICAL BUILDING
$3,955,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,195,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,675,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,400,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,385,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±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
$104 / 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
$68,495
Tax year 2022
Assessed value
$1,429,960
Assessed 2023
Previous assessed
$1,429,960
+0.0% YoY
Effective rate
4.79%
On assessed value
Assessed land
$319,280
Assessed improvement
$1,110,680
Land market value
$798,200
Improvement market value
$2,776,700
Total market value
$3,574,900
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
For Lease
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
26,720 SF
Lot
2.52 ac (109,641 SF)
Zoning code
P-C
APN
M01-15R- -B-00006
UPID
US80-0703313
Jurisdiction
SHELBY
Zoning & alternative use
P-C · Millington, TN
Zoning P-C · permitted uses
P-C · Millington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Mitchell Kitay
Individual
Mailing address
999 N DOHENY DR PH #7, WEST HOLLYWOOD, CA 90069-3154
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2016
$3,450,000
Mitchell Kitay
Millington Realty Holdings LLC
Grant Deed
—
Jan 2, 2015
$2,950,000
Millington Realty Holdings LLC
Chamberlain Mccreery & Rice Gp
Special Warranty Deed
$1,770,000 · First Capital Bank
Aug 19, 2010
—
Chamberlain Mccreery
—
Trustees Deed
related
—
Jun 4, 2010
—
Chamberlain Mccreery
—
Trustees Deed
related
$103,997 · Trustmark National Bank
Oct 23, 2009
—
Chamberlain Mccreery
—
Trustees Deed
related
$160,825 · Trustmark National Bank
Oct 16, 2009
—
Chamberlain Mccreery
—
Trustees Deed
related
—
May 8, 2009
—
Chamberlain Mccreery
—
Trustees Deed
related
$266,180 · Trustmark National Bank
—
—
Chamberlain Mccreery & Rice Gp
—
Deed Of Trust
related
$40,654 · Trustmark Nat'l Bk
—
—
Chamberlain Mccreery
—
Deed Of Trust
related
$97,318 · Trustmark National Bank
—
—
Chamberlain Mccreery & Rice Gp
—
Deed Of Trust
related
$24,650 · Trustmark Nat'l Bk
—
—
Chamberlain Mccreery & Rice Gp
—
Deed Of Trust
related
$39,600 · Trustmark Nat'l Bk
—
—
Chamberlain Mccreery
—
Deed Of Trust
related
$126,000 · Trustmark National 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.
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