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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Bars & Pubs
1397 Central Ave Memphis, TN 38104-4820
Individually Owned
9-yr Hold
Free & Clear
Property ID
US80-1286752
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1897
Construction
FRAME
Total area
11,144 SF
Lot
0.8 ac (34,717 SF)
Zoning code
RU-4
APN
015-008- - -00002
UPID
US80-1286752
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
-
Ashlar Hall Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$690k
Owner & transaction history
Juan C Montoya · 9 yrs held
Juan C Montoya
since 2016
4 recorded transactions
Zoning & alternative use
RU-4 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$62 / 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
$1,874
Tax year 2022
Assessed value
$30,760
Assessed 2023
Previous assessed
$30,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$30,720
Assessed improvement
$40
Land market value
$76,800
Improvement market value
$100
Total market value
$76,900
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1897
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
24
Bathrooms
6
Total area
11,144 SF
Lot
0.8 ac (34,717 SF)
Zoning code
RU-4
APN
015-008- - -00002
UPID
US80-1286752
Jurisdiction
SHELBY
Zoning & alternative use
RU-4 · Memphis, TN
Zoning RU-4 · permitted uses
RU-4 · 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.
Building & site characteristics
From public records
Year built
1897
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
24
Bathrooms
6
Lot
0.8 ac
Current owner
From public records · entity-resolved
Juan C Montoya
Individual
Free & Clear · 9 yrs held
Mailing address
8160 SHALLOW GLN TRL, CORDOVA, TN 38016-1553
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2016
$30,000
Juan C Montoya
Urban Renaissance Initiative
Warranty Deed
—
Apr 21, 2016
$59,403
Juan C Montoya
Clerk Of Shelby County
Tax Deed
—
Dec 22, 2015
—
Ashlar Hall INC
Urban Renaissance Initiative
Quit Claim Deed
related
—
Nov 27, 2013
—
Urban Renaissance Iniative
1397 Central Ave LP
Quit Claim Deed
related
—
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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