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    Property profile & analytics

    1220 Primacy Pkwy Memphis, TN 38119-0201

    • Hotels
    • 74,052 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US80-1276908
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hyatt Place Memphis/Primacy Parkway / Hotel

    Property Details for 1220 Primacy Pkwy

    Year built
    1996
    Lot size
    2.14 lot acres
    Property size
    74,052 SF
    Zone code
    OG
    Property type
    Hotels
    APN
    081-004- - -00041-C
    APU
    08100400041C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8618
    Latitude
    35.0986
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $204,679
    $336,480
    $3,023,520
    $3,360,000
    -
    $841,200
    $7,558,800
    $8,400,000

    Comparable in this City

    • Value Estimation by Request
      76,722 SF

      6015 Park Ave

      HOTEL/MOTEL • 76,722 SF
      6015 Park Ave, Memphis, TN 38119-5201
      View Details
    • Value Estimation by Request
      63,876 SF

      6500 Poplar Ave

      HOTEL • 63,876 SF
      6500 Poplar Ave, Memphis, TN 38119-4872
      View Details
    • Value Estimation by Request
      49,336 SF

      5320 Poplar Ave

      HOTEL/MOTEL • 49,336 SF
      5320 Poplar Ave, Memphis, TN 38119-3514
      View Details
    • Value Estimation
      $1,065,000
      64,888 SF

      5877 Poplar Ave

      HOTEL • 64,888 SF
      5877 Poplar Ave, Memphis, TN 38119-3949
      View Details
    • Value Estimation
      $4,315,000
      6,026 SF

      5839 Poplar Ave

      HOTEL/MOTEL • 6,026 SF
      5839 Poplar Ave, Memphis, TN 38119
      View Details
    • Value Estimation
      $7,185,000
      60,705 SF

      6141 Poplar Ave

      HOTEL/MOTEL • 60,705 SF
      6141 Poplar Ave, Memphis, TN 38119-4741
      View Details

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    Similar Nearby for Lease

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      Lynnfield Office Park: East Memphis

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      1555 Lynnfield Rd, Memphis, TN 38119
      View Details
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      Prime Memphis Office Space Available
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      View Details
    • Contact for pricing
      1,729 SF

      Office Space with Front Door Parking

      Office space featuring private suites and convenient access to amenities.
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    • $2,000 /Mo
      800 SF

      Office Space For Rent

      800 SF office space available in residential-style building.
      7985 Courtyard Plz, Memphis, TN 38119
      View Details
    • $20 SF/Yr
      11,334 SF

      East Memphis Office Space Available

      Office space in a convenient East Memphis location for lease.
      1255 Lynnfield Rd East, Germantown, TN 38119
      View Details
    • $15 SF/Yr
      4,105 SF

      Office Space Available for Sublease

      Office space available for sublease at 6060 Primacy Pkwy.
      6060 Primacy Pkwy, Memphis, TN 38119
      View Details

    Property Visit Statistics

    • Visits by month
      7.3k
    • Visitors by month
      2.5k
    • Avg Time on site
      405 min
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    Memphis, TN 38119-0201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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