Property profile

1986 Lamar Ave Memphis, TN 38114

OFF-MARKET
Assisted living facilities
Property ID
US80-0466860
6,563 SF 0.31 ac lot Built 1961
Individually Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1961
Total area 6,563 SF
Lot 0.31 ac (13,416 SF)
Zoning code RU-3
APN 031-105- - -00016
UPID US80-0466860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1986 Lamar Ave Memphis, TN 38114-2151
Memphis metro Census 6400 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$160k

Owner & transaction history

since 2024
4 recorded transactions
2024
$5,000
2022
Price N/A
2009
$43,158
1969
Price N/A

Zoning & alternative use

RU-3 · Memphis, TN
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  …

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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