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Property profile & analytics
OFF-MARKET Estimated value $1,035,000
Apartment buildings

2150 Whitney Ave Memphis, TN 38127-6662

15,636 SF 3.22 ac lot Built 2009
Individually Owned 16-yr Hold ~ Est. High Equity
Property ID
US80-1023212
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2009
Total area 15,636 SF
Lot 3.22 ac (140,263 SF)
Zoning code CMU-2
APN 072-055- - -00117
UPID US80-1023212
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
  • Johnson James T Physician Medical Clinic
  • Dr. Irvin C. Baker, MD Physician
  • Dr. Jonathan D. Shaw, MD Physician Medical Clinic
  • Comprehensive Counseling Network Medical Clinic
  • Ramsey Renita S Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.04M
Owner & transaction history
Shelb Frayser-millington-north · 16 yrs held
Shelb Frayser-millington-north
since 2010
6 recorded transactions
2010
Price N/A
2008
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
Top alternative use upside
Auto repair, garage $1.5M +9.0%
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