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Property profile & analytics
OFF-MARKET Estimated value $395,000
Assisted living facilities

1467 Mclemore Ave Memphis, TN 38106-3643

76,151 SF 5.01 ac lot Built 1940
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US80-3282760
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1940
Total area 76,151 SF
Lot 5.01 ac (218,236 SF)
Zoning code R-6
APN 031-005- - -00003
UPID US80-3282760
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
$745k
Blend (final) Blend
$395k
Owner & transaction history
Flh Assisted Living Residences · 11 yrs held
Flh Assisted Living Residences
since 2014
7 recorded transactions
2014
$100,000
2014
$240,000
2014
$100,000
2006
$590,000
2006
Price N/A
2006
$385,000
2004
$250,000
Zoning & alternative use
R-6 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be managed to (to the extent that is possible), to prevent the runoff of top soil and composting materials from flowing ont…

Zone name Residential Single Family 6
General category RESIDENTIAL
Zone area 35,601.06 ac
Source CHAPTER 1
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