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Property profile & analytics
OFF-MARKET
Estimated value
$6,875,000
Apartment buildings
1300 Lynnfield Rd Memphis, TN 38119-5740
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0862531
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
57,312 SF
Lot
14.13 ac (615,329 SF)
Zoning code
RU-3
APN
081-004- - -00010
UPID
US80-0862531
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
-
The Roxbury Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.59M
Comparable Approach
Comparable
$9.21M
Blend (final)
Blend
$6.88M
Owner & transaction history
Vp Lynnfieid Place LLC · 6 yrs held
Vp Lynnfieid Place LLC
since 2019
6 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.2M
+60.8%
Office building
$7.9M
+54.0%
Auto repair, garage
$5.6M
+9.0%
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%
$7,130,000
6.5%
$6,585,000
7%
$6,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,100,000
Current use
MEDICAL BUILDING
$8,200,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$7,850,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,555,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$4,755,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,205,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$6.88M
Range $6.19M – $7.56M · ±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
$120 / 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
$420,082
Tax year 2022
Assessed value
$6,896,040
Assessed 2023
Previous assessed
$6,896,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$935,320
Assessed improvement
$5,960,720
Land market value
$2,338,300
Improvement market value
$14,901,800
Total market value
$17,240,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Units
48
Bathrooms
13
Total area
57,312 SF
Lot
14.13 ac (615,329 SF)
Zoning code
RU-3
APN
081-004- - -00010
UPID
US80-0862531
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Units
48
Bathrooms
13
Lot
14.13 ac
Current owner
From public records · entity-resolved
Vp Lynnfieid Place LLC
Entity
Mailing address
1300 LYNNFIELD RD, MEMPHIS, TN 38119-5740
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2019
—
Vp Lynnfieid Place LLC
Hyde Multifamily Invs LLC
Quit Claim Deed
related
—
Dec 8, 2017
—
Lynnfield Apartments LLC
—
Grant Deed
related
$26,500,000 · Arbor Realty SR
Oct 12, 2017
—
Lynnfield Partners LLC
Butterfield Village Apartments
Quit Claim Deed
related
$15,988,000 · Bancorp Bk
Oct 12, 2017
$13,600,000
Lynnfield Partners LLC
Butterfield Village Apartments
Grant Deed
—
Oct 22, 2007
$14,900
Village Apartments Butterfield
Butterfield Apartments INC
Grant Deed
related
$12,500,000 · Laureate Capital LLC
—
—
Lynnfield Partners LLC
—
Deed Of Trust
related
$22,510,000 · Cbre Multifamily Cap
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.
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