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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
Hernando Rd, Memphis, TN 38116
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-2073861
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
9,464 SF
Lot
1.02 ac (44,301 SF)
Zoning code
CMU-3
APN
077-010- - -00064
UPID
US80-2073861
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$855k
Owner & transaction history
Walid Rassoul · 2 yrs held
Walid Rassoul
since 2023
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+154.8%
Office building
$1.1M
+112.4%
Auto repair, garage
$1.1M
+103.4%
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 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
$735,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$530,000
Current use
MEDICAL BUILDING
$1,355,000
Change: +155% · Conversion: Difficult
OFFICE BUILDING
$1,130,000
Change: +112% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$840,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $935k (Mar 24 2025)
Last sale anchor
$935k
Mar 24 2025
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
$90 / 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
$26,574
Tax year 2022
Assessed value
$436,240
Assessed 2023
Previous assessed
$436,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$101,600
Assessed improvement
$334,640
Land market value
$254,000
Improvement market value
$836,600
Total market value
$1,090,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,464 SF
Lot
1.02 ac (44,301 SF)
Zoning code
CMU-3
APN
077-010- - -00064
UPID
US80-2073861
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
RETAIL STORES Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$570,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Walid Rassoul
Individual
Free & Clear · 2 yrs held
Mailing address
8874 3RD CHIMNEYS DR E, GERMANTOWN, TN 38138-8206
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$935,000
Walid Rassoul
Ventura Fd LLC
Special Warranty Deed
—
Feb 19, 2014
$1,492,287
Ventura Fd LLC
Jrsl Fam Tn LLC
Grant Deed
$1,119,225 · Bancorp South Bank
Jan 7, 2013
$425,000
Jrsl Fam Tn LLC
Wilson,bob & Nelda D
Warranty Deed
—
Nov 10, 2011
$440,000
Ep3 Developers LLC
Wilson,bob & Nelda
Warranty Deed
—
Apr 6, 2010
—
Bob Wilson
—
Trustees Deed
related
$532,861 · Regions Bank
Jan 27, 2009
—
Lynley S Churchwell
Southern R/e Holdings LLC
Quit Claim Deed
related
—
Apr 20, 2007
—
Southern R & E Holdings LLC
Churchwell,lynley S
Quit Claim Deed
related
—
Sep 8, 2004
$50,000
Bob Wilson
Churchwell,lynley S
Quit Claim Deed
related
—
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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