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Property profile & analytics
FOR SALE
Day care centers
9789 Us 64 Hwy, Memphis, TN 38002
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-3237507
For Sale
1 / 8
$535,000
9789 Us 64 Hwy, Memphis, TN 38002
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1996
Total area
7,716 SF
Lot
2.15 ac (93,741 SF)
Zoning code
CA
APN
096-200- - -00111
UPID
US80-3237507
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
$553k
Blend (final)
Blend
$535k
Owner & transaction history
Shree Krishna Investments LLC · 6 yrs held
Shree Krishna Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
CA · Arlington, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+90.4%
Retail stores
$695,000
+71.0%
Apartment house (5+ units)
$690,000
+70.0%
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
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$405,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +71% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$69 / 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
$13,192
Tax year 2022
Assessed value
$216,560
Assessed 2023
Previous assessed
$216,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$186,160
Assessed improvement
$30,400
Land market value
$465,400
Improvement market value
$76,000
Total market value
$541,400
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Sale
Year built
1996
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,716 SF
Lot
2.15 ac (93,741 SF)
Zoning code
CA
APN
096-200- - -00111
UPID
US80-3237507
Jurisdiction
SHELBY
Zoning & alternative use
CA · Arlington, TN
Zoning CA · permitted uses
CA · Arlington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Shree Krishna Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
9789 US HWY 64, ARLINGTON, TN 38002-8393
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 23, 2023
—
Shree Krishna Investments LLC
—
Deed
related
$1,526,479 · Guaranty Bank & Trust Co
Dec 19, 2019
—
Shree Krishna Investments LLC
Himanshu Patel
Quit Claim Deed
related
—
Sep 20, 2019
—
Shetal Patel
—
Deed
related
$315,562 · Renasant Bk
Jun 20, 2019
$477,750
Himanshu Patel
Bayview Ln Svcng LLC
Grant Deed
—
Oct 5, 2018
$707,000
Bayview Ln Svcng LLC
Hagan M Ruthie|deanes,angela & Virgil JR
Trustees Deed
—
Jan 24, 2005
$1,300,000
Virgil Deanes
Play Learn & Grow LLC
Warranty Deed
$2,275 · Play Learn & Grow LLC
—
—
Shetal Patel
—
Deed Of Trust
related
$315,562 · Renasant Bk
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?”
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