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Property profile & analytics
OFF-MARKET Estimated value $1,910,000
Apartment buildings

1764 Pendleton St Memphis, TN 38114-3853

33,264 SF 8.51 ac lot Built 1950
Entity Owned 8-yr Hold Free & Clear
Property ID
US80-1329090
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1950
Construction FRAME
Total area 33,264 SF
Lot 8.51 ac (370,696 SF)
Zoning code RU-3
APN 059-011- - -00070
UPID US80-1329090
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
$2.11M
Blend (final) Blend
$1.91M
Owner & transaction history
Steele Pendleton LLC · 8 yrs held
Steele Pendleton LLC
since 2018
4 recorded transactions
2018
Price N/A
2018
$6.0M
2013
$3.1M
2007
$2.7M
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Retail stores $2.8M +30.9%
Neighborhood: shopping center $2.4M +15.8%
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