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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1076 Merriwether Ave Memphis, TN 38105-4169
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3520356
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Total area
4,120 SF
Lot
0.41 ac (17,685 SF)
Zoning code
RU-3
APN
020-089- - -00031-C
UPID
US80-3520356
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Santa Ana Holdings LLC · 1 yrs held
Santa Ana Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,839
Tax year 2022
Assessed value
$161,520
Assessed 2023
Previous assessed
$161,520
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$14,160
Assessed improvement
$147,360
Land market value
$35,400
Improvement market value
$368,400
Total market value
$403,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Units
6
Bathrooms
2
Total area
4,120 SF
Lot
0.41 ac (17,685 SF)
Zoning code
RU-3
APN
020-089- - -00031-C
UPID
US80-3520356
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-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.
Building & site characteristics
From public records
Year built
1965
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
6
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Santa Ana Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5400 POPLAR AVE STE #210, MEMPHIS, TN 38119-3670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 21, 2025
—
Santa Ana Holdings LLC
Simmons Bank
Quitclaim Deed
related
—
May 21, 2025
$770,000
Simmons Bank
25v Merriweather LLC
Trust Deed
related
—
Nov 10, 2020
$642,000
25v Merriwether LLC
Sandra Saucedo
Warranty Deed
$642,000 · Jayco Cap Rsrcs
Apr 3, 2017
$467,500
Sandra Saucedo
Weschor Tn LLC
Warranty Deed
$344,000 · Orion FCU
Dec 30, 2015
$2,879,400
Weschor Tn LLC
Roberts Properties LLC
Grant Deed
$2,512,500 · Orion FCU
Aug 4, 2009
—
Roberts Properties LLC
Roberts,terry
Quit Claim Deed
related
—
Aug 24, 2001
—
Cuong M Phan
Braden,curtis
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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