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    Property profile & analytics

    1512 Ct Ave Memphis, TN 38104-8407

    • Garden apartment buildings
    • 10,832 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $1,025,000
    Last Sale
    Jul 08, 2022
    $1,150,000
    Location Intelligence
    Property ID
    US80-1193445
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brenthouse Apts / Apartment Building
    • The Sylvia Apartments / Apartment Building
    • Memphis Custom / Construction Company

    Property Details for 1512 Ct Ave

    Year built
    1962
    Lot size
    0.42 lot acres
    Property size
    10,832 SF
    Zone code
    RU-3
    Property type
    Garden apartment buildings
    APN
    017-033- - -00023
    APU
    1703300023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $915,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,060,000
      6.5%
      $1,250,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,210,000
      Geo Method
      $1,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,240,000
      Retail
      $1,165,000
      Mixed-Use
      $1,265,000
      Hospitality
      $1,305,000
      Educational
      $1,415,000
      Residential Income
      $1,090,000
      Energy
      $1,220,000
      Income-Based Land
      $1,370,000
      Food Service
      $1,315,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0106
    Latitude
    35.14
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,763
    $27,040
    $100,400
    $127,440
    -
    $67,600
    $251,000
    $318,600

    Comparable in this City

    • Value Estimation by Request
      5,184 SF

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      View Details
    • Value Estimation by Request
      5,374 SF

      1605 Eastmoreland Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,374 SF
      1605 Eastmoreland Ave, Memphis, TN 38104-3849
      View Details
    • Value Estimation
      $245,000
      5,652 SF

      65 Evergreen St

      GARDEN APT, COURT APT (5+ UNITS) • 5,652 SF
      65 Evergreen St, Memphis, TN 38104-6430
      View Details
    • Value Estimation
      $145,000
      4,292 SF

      1872 Poplar Ave

      GARDEN APT, COURT APT (5+ UNITS) • 4,292 SF
      1872 Poplar Ave, Memphis, TN 38104-7633
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    • Value Estimation by Request
      4,712 SF

      1181 Vance Ave

      GARDEN APT, COURT APT (5+ UNITS) • 4,712 SF
      1181 Vance Ave, Memphis, TN 38104-3336
      View Details
    • Value Estimation
      $1,495,000
      6,324 SF

      1878 Jefferson Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,324 SF
      1878 Jefferson Ave, Memphis, TN 38104-7653
      View Details

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      900 SF

      900 SF Office Space Available

      Second-story office space with private offices and conference room.
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    1512 Ct Ave
    Memphis, TN 38104-8407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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