Property profile

1279 Peabody Ave Memphis, TN 38104

OFF-MARKET
Assisted living facilities
Property ID
US80-2245835
5,183 SF 0.29 ac lot Built 1964
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1964
Total area 5,183 SF
Lot 0.29 ac (12,676 SF)
Zoning code RW
APN 016-006- - -00008-C
UPID US80-2245835

Cap rate & NOI

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

Location

1279 Peabody Ave Memphis, TN 38104-3551
Memphis metro Census 3500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$140k

Owner & transaction history

since 2013
7 recorded transactions
2013
Price N/A
2013
$114,350
2012
Price N/A
2010
Price N/A
2009
Price N/A
2009
$165,000
2005
Price N/A

Zoning & alternative use

RW · Memphis, TN
Zoning description

A. Residential Work (RW) The RW District is intended to provide appropriate areas for new and existing development that incorporates both small- scale residential and office uses within close proximity to one another and…

General category COMMERCIAL

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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