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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Apartment buildings
1850 Houston Levee Rd, Collierville, TN 38017
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0743611
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Total area
13,048 SF
Lot
35.47 ac (1,545,073 SF)
Zoning code
R-1
APN
C02-21 - - -00237
UPID
US80-0743611
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
$1.51M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.38M
Owner & transaction history
Dogwood Creek Associates LLC · 14 yrs held
Dogwood Creek Associates LLC
since 2012
2 recorded transactions
Zoning & alternative use
R-1 · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+65.8%
Office building
$1.9M
+62.9%
Auto repair, garage
$1.3M
+12.0%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,165,000
Current use
MEDICAL BUILDING
$1,930,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,900,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,305,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,160,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10%
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
$105 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$519,542
Tax year 2022
Assessed value
$10,167,160
Assessed 2023
Previous assessed
$10,167,160
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$3,090,240
Assessed improvement
$7,076,920
Land market value
$7,725,600
Improvement market value
$17,692,300
Total market value
$25,417,900
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
1
Units
24
Bathrooms
17
Total area
13,048 SF
Lot
35.47 ac (1,545,073 SF)
Zoning code
R-1
APN
C02-21 - - -00237
UPID
US80-0743611
Jurisdiction
SHELBY
Zoning & alternative use
R-1 · Collierville, TN
Zoning R-1 · permitted uses
R-1 · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Units
24
Bathrooms
17
Lot
35.47 ac
Current owner
From public records · entity-resolved
Dogwood Creek Associates LLC
Entity
Mailing address
6525 CARNEGIE BLVD STE #400, CHARLOTTE, NC 28211-0501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2012
$26,000,000
Dogwood Creek Associates LLC
G & I V Dogwood Creek LLC
Deed Of Trust
related
$20,425,000 · Cwcapital LLC
—
—
Dogwood Creek Associates LLC
—
Deed Of Trust
related
$28,880,000 · Berkadia Com'l Mtg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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