Property profile

1248 Lapaloma St Memphis, TN 38114

OFF-MARKET
Assisted living facilities
Property ID
US80-3371474
32,500 SF 2.22 ac lot Built 1958
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1958
Total area 32,500 SF
Lot 2.22 ac (96,790 SF)
Zoning code CMP-1
APN 031-098- - -00036
UPID US80-3371474

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
  • Physician
  • Association Or Organization
  • Art Gallery

Location

1248 Lapaloma St Memphis, TN 38114-2007
Memphis metro Census 6400 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2007
4 recorded transactions
2011
Price N/A
2007
$1.8M
2003
$1.8M
1969
Price N/A

Zoning & alternative use

CMP-1 · Memphis, TN
Zoning description

1. Campus Master Plan - 1 (CMP-1) The CMP-1 District is intended to accommodate new development where the land -use pattern is predominately urban in character. New development should be urban in character with an emphas…

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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