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Property profile & analytics
OFF-MARKET
Strip malls
951 Brks Rd, Memphis, TN 38116
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-3051112
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Total area
17,880 SF
Lot
1.27 ac (55,365 SF)
Zoning code
CMU-1
APN
077-007- - -00002-C
UPID
US80-3051112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sw Burke Holdings LLC · 3 yrs held
Sw Burke Holdings LLC
since 2022
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
CMU-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,877
Tax year 2022
Assessed value
$145,720
Assessed 2023
Previous assessed
$145,720
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$47,160
Assessed improvement
$98,560
Land market value
$117,900
Improvement market value
$246,400
Total market value
$364,300
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
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
17,880 SF
Lot
1.27 ac (55,365 SF)
Zoning code
CMU-1
APN
077-007- - -00002-C
UPID
US80-3051112
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Sw Burke Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3933 ELVIS PRESLEY BLVD, MEMPHIS, TN 38116-5651
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Sw Burke Holdings LLC
I949 955 E Broopks Rd LLC
Quit Claim Deed
related
—
Mar 30, 2022
—
Dkm19844l LLC
949 955 E Brooks Rd LLC
Quit Claim Deed
related
—
Feb 7, 2017
$325,000
949-955 E Brooks Rd LLC
Bank Of Fayette Cnty
Grant Deed
$315,461 · Bank Of Fayette Cnty
Dec 5, 2016
$267,000
Bank Of Fayette Cnty
Minor Thomas M|waddell,john P
Trustees Deed
related
—
Jul 5, 2011
$322,605
Sean W Burke
Waddell,john
Quit Claim Deed
related
—
Mar 31, 2008
$360,000
John Waddell
Richardson,allen
Warranty Deed
$300,000 · Bank Of Fayette County
Jan 11, 2008
$196,000
Allen Richardson
Bates,robert C
Trustees Deed
related
—
—
—
John P Waddell
—
Deed Of Trust
related
$338,580 · Bank Of Fayette County
—
—
Robert C Bates
—
Deed Of Trust
related
$1,000,000 · Lawrence Migliara
—
—
Robert C Bates
—
Deed Of Trust
related
$2,000,000 · Griffen William N JR (te)
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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