New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Hotels
1220 Primacy Pkwy Memphis, TN 38119-0201
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1276908
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Total area
74,052 SF
Lot
2.14 ac (93,436 SF)
Zoning code
OG
APN
081-004- - -00041-C
UPID
US80-1276908
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
-
Hyatt Place Memphis/Primacy Parkway Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
Lsref3/ah Chicago LLC · 11 yrs held
Lsref3/ah Chicago LLC
since 2014
5 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+42.4%
Apartment house (5+ units)
$6.6M
+30.7%
Retail stores
$6.1M
+21.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,040,000
Current use
AUTO REPAIR, GARAGE
$7,180,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,590,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$6,145,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,435,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10%
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
$64 / 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
$204,679
Tax year 2022
Assessed value
$3,360,000
Assessed 2023
Previous assessed
$3,360,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$336,480
Assessed improvement
$3,023,520
Land market value
$841,200
Improvement market value
$7,558,800
Total market value
$8,400,000
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
1996
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Total area
74,052 SF
Lot
2.14 ac (93,436 SF)
Zoning code
OG
APN
081-004- - -00041-C
UPID
US80-1276908
Jurisdiction
SHELBY
Zoning & alternative use
OG · Memphis, TN
Zoning OG · permitted uses
OG · 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
$5.0M
AUTO REPAIR, GARAGE
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
HOTEL/MOTEL Current
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
1996
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
2.14 ac
Current owner
From public records · entity-resolved
Lsref3/ah Chicago LLC
Entity
Mailing address
271 17TH ST NW STE #2000, ATLANTA, GA 30363-6213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
—
Lsref3/ah Chicago LLC
—
Deed
related
$551,000 · Wilmington Tr
Aug 4, 2017
—
Lsref3/ah Chicago LLC
—
Deed
related
$410,000,000 · Jp Morgan Chase Bk
Nov 21, 2014
$12,952,363
Lsref3/ah Chicago LLC
Bre Of Amerisuites Properties LLC
Grant Deed
related
$340,000,000 · Jp Morgan Chase Bk
—
—
Lsref3/ah Chicago LLC
—
Deed Of Trust
related
$551,000 · Wilmington Tr
—
—
Lsref3/ah Chicago LLC
—
Deed Of Trust
related
$410,000,000 · Jp Morgan Chase Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Primacy Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
