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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Hotels
179 Madison Ave Memphis, TN 38103-2709
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1463007
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1924
Total area
42,235 SF
Lot
0.16 ac (6,795 SF)
Zoning code
SE
APN
002-060- - -00001
UPID
US80-1463007
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
-
Hotel Napoleon Downtown Memphis, Memphis, TN Hotel & Motel
-
Luna Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Suna Winchester LLC · 1 yrs held
Suna Winchester LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
SE · 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
$1,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,875,000
Current use
RETAIL STORES
$2,565,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.86M (Jan 6 2025)
Last sale anchor
$1.86M
Jan 6 2025
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
$43 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$29,192
Tax year 2021
Land market value
$264,200
Improvement market value
$4,428,300
Total market value
$4,692,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1924
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
58
Bathrooms
1
Total area
42,235 SF
Lot
0.16 ac (6,795 SF)
Zoning code
SE
APN
002-060- - -00001
UPID
US80-1463007
Jurisdiction
SHELBY
Zoning & alternative use
SE · Memphis, TN
Zoning SE · permitted uses
SE · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
HOTEL/MOTEL Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
58
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Suna Winchester LLC
Entity
Mailing address
PO BOX 38328, GERMANTOWN, TN 38183-0328
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Suna Winchester LLC
—
Deed
related
—
Feb 5, 2025
—
Suna Winchester LLC
Memphis Center City Revenue Finance
Deed
related
—
Jan 6, 2025
$1,000
Scimitar LLC
Memphis Center City Revenue Finance
Quitclaim Deed
related
—
Oct 9, 2020
—
Suna Winchester LLC
—
Deed
related
$6,267,772 · Fidelity Bk
Aug 18, 2015
—
Memphis Center City Revenue Fi
—
Trustees Deed
related
$6,858,180 · Fidelity Nat'l Bk
Jul 15, 2014
—
Suna Winchester LLC
—
Trustees Deed
related
$1,000,000 · Commercial Bank & Trust
Dec 30, 1998
—
Moore Building Associates LP
Memphis Center City Dev Corp
Grant Deed
related
—
—
—
Suna Winchester LLC
—
Deed Of Trust
related
$6,858,180 · Fidelity Nat'l Bk
—
—
Winchester Building LLC
—
Deed Of Trust
related
$1,350,000 · Trustmark National Bank
—
—
Suna Winchester LLC
—
Loan Modification
related
$6,267,772 · Fidelity Bk
—
—
Winchester Building LLC
—
Deed Of Trust
related
$1,160,000 · First Citizens National Bank
—
—
Memphis Center City Revenue Fi
—
Deed Of Trust
related
$1,160,000 · First Citizens National Bank
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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