Casa del Rey Apartment
634 Brister Street, Memphis, TN 38111
For Sale
Contact for pricing
Apartment property at 634 Brister Street, built in 1965.
Property Size9,750 SF
Price / SF$110
Days on Market110
Property Features for 634 Brister Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Woodyard Realty Corporation
Listed By:
Steve Woodyard · License TN #217464
(901) 277-7731
Source:
Crexi
Added: Jul 28
Changed: Nov 11
Last Checked: Nov 12 at 5:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodyard Realty Corporation
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Investment Insights
Based on property information with market context.
Casa del Rey is an apartment property comprising 9,750 square feet at 634 Brister Street in Memphis, Tennessee. The building was constructed in 1965 and is being offered for sale as an individual property.
The asset may also be acquired as part of a five-property apartment portfolio that includes Brister Place, University Highlands, Carnes Manor, and Southern Place. This structure allows the property to be considered either independently or alongside the other named apartment assets.
The asset may also be acquired as part of a five-property apartment portfolio that includes Brister Place, University Highlands, Carnes Manor, and Southern Place. This structure allows the property to be considered either independently or alongside the other named apartment assets.
Key Highlights
- 9,750‑square‑foot apartment property
- Built in 1965
- Located at 634 Brister Street, Memphis, TN 38111
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,802
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,040
$1.5M
Cap Rate 7%
$1,040,029
$1.0M
Cap Rate 9%
$808,911
$808.9K
Market Conditions
NOI Build-Up for 9,750 SF
Gross rent
$141.6K $14.52/SF
− Vacancy
−$9.2K −$0.94/SF
EGI
$132.4K $13.58/SF
− OpEx
−$59.6K −$6.11/SF
NOI
$72.8K $7.47/SF
Area
Memphis, TN
Vacancy
6.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,040
Cap Rate 7%
$1,040,029
Cap Rate 9%
$808,911
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$910.0K – $1.21M
NOI $72,802 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,708 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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Business Placement
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Memphis, TN
Properties on Market for Apartment buildings in Memphis
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property at 634 Brister Street, built in 1965.
Where is this apartment building located?
The property is located at 634 Brister Street Memphis, TN.
What is the asking price?
The asking price for this property is $1,072,500.
What are key features of this property?
This property features: 9,750‑square‑foot apartment property; Built in 1965; Located at 634 Brister Street, Memphis, TN 38111
