Property profile

1188 Pkwy E Pkwy Memphis, TN 38106

OFF-MARKET
Hotels
Property ID
US80-0862825
6,336 SF 0.61 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1988
Total area 6,336 SF
Lot 0.61 ac (26,746 SF)
Zoning code CMU-3
APN 026-028- - -00015-C
UPID US80-0862825

Cap rate & NOI

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

Location

1188 Pkwy E Pkwy Memphis, TN 38106-4774
Memphis metro Census 11500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$165k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2021
Last sale
$200,000
1 recorded transaction
2021
$200,000

Zoning & alternative use

CMU-3 · Memphis, TN
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…

General category MIXED_USE

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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