Property profile

1029 Cherry Rd Memphis, TN 38117

OFF-MARKET
Assisted living facilities
Property ID
US80-1554699
1,560 SF 17.59 ac lot Built 1950
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1950
Total area 1,560 SF
Lot 17.59 ac (766,351 SF)
Zoning code R-10
APN 058-126- - -00027
UPID US80-1554699

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

1029 Cherry Rd Memphis, TN 38117-5423
Memphis metro Census 11800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$320k

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2019
$5.2M
2015
Price N/A
2014
Price N/A
2013
$4.1M
2009
$6.4M

Zoning & alternative use

R-10 · Memphis, TN
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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