Property profile

2009 Lamar Ave Memphis, TN 38114

OFF-MARKET
Assisted living facilities
Property ID
US80-3371475
37,890 SF 4.13 ac lot Built 1960
Entity Owned 18-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1960
Total area 37,890 SF
Lot 4.13 ac (179,685 SF)
Zoning code CMP-1
APN 031-098- - -00001
UPID US80-3371475

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Rehabilitation Center Mental Health Service

Location

2009 Lamar Ave Memphis, TN 38114-2138
Memphis metro Census 6400 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2007
5 recorded transactions
2011
Price N/A
2007
$1.8M
2006
Price N/A
2003
$1.8M
1969
Price N/A

Zoning & alternative use

CMP-1 · Memphis, TN
Zoning description

1. Campus Master Plan - 1 (CMP-1) The CMP-1 District is intended to accommodate new development where the land -use pattern is predominately urban in character. New development should be urban in character with an emphas…

General category MIXED_USE

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2009 Lamar Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message