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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Garden apartment buildings
191 Avalon St Memphis, TN 38112-5129
Entity Owned
Property ID
US80-0925322
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1926
Total area
4,480 SF
Lot
0.43 ac (18,818 SF)
Zoning code
RU-3
APN
020-046- - -00036
UPID
US80-0925322
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
$515k
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$580k
Owner & transaction history
Cgient LLC
Cgient LLC
since 2025
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$640,000
+26.4%
Office building
$535,000
+5.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$505,000
Current use
MEDICAL BUILDING
$640,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$535,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$435,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $615k (Aug 7 2025)
Last sale anchor
$615k
Aug 7 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
$129 / 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
$10,236
Tax year 2022
Assessed value
$168,040
Assessed 2023
Previous assessed
$168,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$28,200
Assessed improvement
$139,840
Land market value
$70,500
Improvement market value
$349,600
Total market value
$420,100
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1926
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
4
Bathrooms
2
Total area
4,480 SF
Lot
0.43 ac (18,818 SF)
Zoning code
RU-3
APN
020-046- - -00036
UPID
US80-0925322
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$640,000
OFFICE BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1926
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Cgient LLC
Entity
Mailing address
29 GRANDVIEW AVE, SUFFERN, NY 10901-6323
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$615,000
Cgient LLC
Plan B Properties Of Memphis INC
Warranty Deed
—
Apr 28, 2020
—
Plan B Prop Of Memphis INC
—
Deed
related
$75,000 · Evolve Bk&tr
Apr 27, 2020
—
Plan B Prop Of Memphis INC
—
Deed
related
$75,000 · Evolve Bk&tr
Feb 27, 2020
—
Plan B Prop Of Memphis INC
—
Deed
related
$272,521 · Evolve Bk&tr
Apr 16, 2018
—
Plan B Properties Of Memphis INC
—
Deed
related
$204,448 · Evolve Bk&tr
Jan 7, 2013
$385,000
Plan B Properties Of Mempis INC
Gms Properties LLC
Warranty Deed
$269,500 · Wells Fargo Bank NA
Aug 5, 2004
$480,000
Gms Properties LLC
Naylor,derek J
Grant Deed
$463,500 · Merchants & Farmers Bank
Oct 31, 2002
$325,000
Derek Naylor
Phillips,william E
Grant Deed
$260,000 · National Bank Commerce Tr & Sa
—
—
Gms Properties LLC
—
Deed Of Trust
related
$399,100 · Merchants & Farmers Bank
—
—
Gms Properties LLC
—
Deed Of Trust
related
$399,100 · Merchants & Farmers Bank
—
—
Gms Properties LLC
—
Deed Of Trust
related
$399,100 · Merchants & Farmers Bank
—
—
Plan B Prop Of Memphis INC
—
Deed Of Trust
related
$75,000 · Evolve Bk&tr
—
—
Plan B Prop Of Memphis INC
—
Deed Of Trust
related
$75,000 · Evolve Bk&tr
—
—
Plan B Prop Of Memphis INC
—
Deed Of Trust
related
$272,521 · Evolve Bk&tr
—
—
Plan B Properties Of Memphis INC
—
Deed Of Trust
related
$100,221 · Evolve Bk&tr
—
—
Plan B Properties Of Memphis INC
—
Deed Of Trust
related
$204,448 · Evolve Bk&tr
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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