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Property profile & analytics
OFF-MARKET
Estimated value
$18,105,000
Hotels
1022 Shady Grv S Rd Memphis, TN 38120-4104
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1539221
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Total area
173,019 SF
Lot
3.99 ac (173,761 SF)
Zoning code
R-15
APN
080-008- - -00379
UPID
US80-1539221
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
-
1022 S Shady Grove Memphis, TN 38120 Hotel & Motel
-
Embassy Suites by Hilton Memphis Hotel & Motel
-
ATM Atm
-
Redland's Grill, 2270 Germantown Parkway, Memphis, TN Restaurant
-
Grisanti's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.03M
Comparable Approach
Comparable
$17.12M
Blend (final)
Blend
$18.11M
Owner & transaction history
Nf V Memphis Suites LLC · 4 yrs held
Nf V Memphis Suites LLC
since 2022
Last sale
$19.1M
4 recorded transactions
Zoning & alternative use
R-15 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.9M
+154.0%
Medical building
$24.8M
+110.1%
Auto repair, garage
$16.8M
+42.4%
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
$15,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,695,000
6.5%
$20,030,000
7%
$18,595,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,780,000
Current use
OFFICE BUILDING
$29,915,000
Change: +154% · Conversion: Difficult
MEDICAL BUILDING
$24,750,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,770,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,390,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$14,355,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,700,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$18.11M
Range $16.29M – $19.92M · ±10% · vs last sale $19.10M (Jul 12 2022)
Last sale anchor
$19.10M
Jul 12 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
$105 / 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
$462,965
Tax year 2022
Assessed value
$7,600,000
Assessed 2023
Previous assessed
$7,600,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,115,960
Assessed improvement
$6,484,040
Land market value
$2,789,900
Improvement market value
$16,210,100
Total market value
$19,000,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
173,019 SF
Lot
3.99 ac (173,761 SF)
Zoning code
R-15
APN
080-008- - -00379
UPID
US80-1539221
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
HOTEL/MOTEL Current
Est. value
$11.8M
OFFICE BUILDING
Est. value
$29.9M
MEDICAL BUILDING
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$16.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.4M
RETAIL STORES
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
3.99 ac
Current owner
From public records · entity-resolved
Nf V Memphis Suites LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3424 PEACHTREE RD NE, ATLANTA, GA 30326-1118
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2022
$19,100,700
Nf V Memphis Suites LLC
1022 South Shady Grove LLC
Special Warranty Deed
—
Nov 12, 2019
—
1022 South Shady Grove LLC
—
Loan Modification
related
$23,000,000 · Miscellaneous Ins Co
Nov 19, 2013
$24,800,000
1022 South Shady Grove LLC
1022 Shady Grove LLC
Grant Deed
related
$22,609,000 · Miscellaneous Ins Co
Jun 4, 2007
$18,900
1022 Shady Grove LLC
Embassy Equity Dev Corp
Grant Deed
$29,500,000 · Lehman Brothers Bank Fsb
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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