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Property profile & analytics
OFF-MARKET
Apartment buildings
1686 Kansas St, Memphis, TN 38109-1933
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1229123
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Total area
4,800 SF
Lot
0.4 ac (17,555 SF)
Zoning code
RU-1
APN
050-051- - -00069
UPID
US80-1229123
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hpm Proeprties LLC · 4 yrs held
Hpm Proeprties LLC
since 2021
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
RU-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,567
Tax year 2022
Assessed value
$58,560
Assessed 2023
Previous assessed
$58,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$9,360
Assessed improvement
$49,200
Land market value
$23,400
Improvement market value
$123,000
Total market value
$146,400
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
1954
Heating
SPACE
Cooling
NONE
Stories
1
Units
10
Bathrooms
1
Total area
4,800 SF
Lot
0.4 ac (17,555 SF)
Zoning code
RU-1
APN
050-051- - -00069
UPID
US80-1229123
Jurisdiction
SHELBY
Zoning & alternative use
RU-1 · Memphis, TN
Zoning RU-1 · permitted uses
RU-1 · 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
1954
Heating
SPACE
Cooling
Yes
Stories
1
Units
10
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Hpm Proeprties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9686 WOODLAND VW LN, CORDOVA, TN 38018-6642
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$475,000
Hpm Proeprties LLC
Jukes Verne LLC
Warranty Deed
—
Dec 3, 2020
$350,000
Jules Verne LLC
East To West Properties LLC
Warranty Deed
$473,650 · Southeast Communiity Capital Corp
Apr 18, 2019
$500,000
East To West Properties LLC
Deep Harbor Property LLC
Warranty Deed
$463,500 · Community Lns & Invs
Apr 6, 2017
$560,000
Deep Harbor Property LLC
Kansas Street LLC
Warranty Deed
$392,000 · Kansas Street LLC
Jun 29, 2016
$250,000
Kansas Street LLC
Anthony David M|g K Investment LLC
Trustees Deed
—
Apr 15, 2015
$110,000
G K Investment LLC
Randolph Zina D
Grant Deed
—
Mar 12, 2015
$30,000
G K Investment LLC
Randolph Zina D
Warranty Deed
$411,000 · Brookridge LLC
May 13, 2013
$30,000
Zina D Randolph
Par Invs LLC
Warranty Deed
—
Mar 25, 2009
$100,000
Pingala Group LLC
Par Investments LLC
Warranty Deed
$100,000 · Par Investments LLC
Mar 25, 2009
—
Richardson Properties
Reynoso,efrain
Quit Claim Deed
related
—
Apr 16, 2007
—
Chyrail Owens
Braden,curtis
Quit Claim Deed
related
—
Mar 7, 2007
—
Curtis Braden
Everett,james
Quit Claim Deed
related
—
—
—
Gk Investments Dupont LLC
—
Deed Of Trust
related
$679,000 · Brookridge LLC
—
—
East To West Properties LLC
—
Deed Of Trust
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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