Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,555,000
Office buildings
942 Shady Grv S Rd Memphis, TN 38120-4117
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0908001
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
101,308 SF
Lot
3.95 ac (172,062 SF)
Zoning code
R-15
APN
080-008- - -00506
UPID
US80-0908001
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
-
BBccshopping Goshopping Center Electronics & Wireless Store
-
Levites Express Corporate Office
-
FedEx Executive Office Corporate Office
-
Fed EX corporate office Warehouse & Storage
-
FedEx World Corporate Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.44M
Comparable Approach
Comparable
$24.99M
Blend (final)
Blend
$24.56M
Owner & transaction history
Orion Memphis Tn LLC · 4 yrs held
Orion Memphis Tn LLC
since 2022
Last sale
$23.5M
7 recorded transactions
Zoning & alternative use
R-15 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$31.2M
+78.1%
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
$25,415,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,555,000
6.5%
$25,435,000
7%
$23,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,515,000
Current use
RESTAURANT
$31,195,000
Change: +78% · Conversion: Moderate
Blend value · Realmo final
$24.56M
Range $22.10M – $27.01M · ±10% · vs last sale $23.46M (Jan 13 2022)
Last sale anchor
$23.46M
Jan 13 2022
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
$242 / 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
$571,666
Tax year 2022
Assessed value
$9,384,440
Assessed 2023
Previous assessed
$9,384,440
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,381,880
Assessed improvement
$8,002,560
Land market value
$3,454,700
Improvement market value
$20,006,400
Total market value
$23,461,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
101,308 SF
Lot
3.95 ac (172,062 SF)
Zoning code
R-15
APN
080-008- - -00506
UPID
US80-0908001
Jurisdiction
SHELBY
Zoning & alternative use
R-15 · Memphis, TN
Zoning R-15 · permitted uses
R-15 · 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
OFFICE BUILDING Current
Est. value
$17.5M
RESTAURANT
Est. value
$31.2M
OFFICE BUILDING Current
RESTAURANT
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
3.95 ac
Current owner
From public records · entity-resolved
Orion Memphis Tn LLC
Entity
Mailing address
2325 E CAMELBACK RD STE #850, PHOENIX, AZ 85016-3599
Ownership since
2022
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
Feb 15, 2022
—
Orion Memphis Tn LLC
—
Deed
related
$27,903,000 · Wells Fargo Bank NA
Jan 13, 2022
$23,461,100
Orion Memphis Tn LLC
Realty Income Properties 30 LLC
Special Warranty Deed
—
Mar 1, 2013
$22,600,000
Terraza 9 LLC
Norman Fx World LLC
Grant Deed
$14,576,265 · Wells Fargo Bk N 2005-gg4 (ce)
Dec 31, 2012
$1,000
Norman Fx World LLC
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
Feb 11, 2005
—
Norman Fx World LLC
—
Deed Of Trust
related
$16,300,000 · Archon Financial LP
Aug 11, 2000
—
Teluride Depot Corp
Westco Development LLC
Quit Claim Deed
related
$11,500,000 · Northwestern Mutual Life Ins
—
—
Norman Fx World LLC
—
Deed Of Trust
related
$16,300,000 · Wells Fargo Bk N 2005-gg4 (ce)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 942 Shady Grv S Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
