New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Hotels
2305 Airport Interchange Ave Memphis, TN 38132-1002
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1970379
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Total area
37,950 SF
Lot
1.6 ac (69,609 SF)
Zoning code
EMP
APN
060-220- - -00070
UPID
US80-1970379
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
-
Synergy Treatment Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Synergy Foundation INC · 5 yrs held
Synergy Foundation INC
since 2020
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+7.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,585,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,785,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±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
$45 / 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
Land market value
$69,900
Improvement market value
$1,408,600
Total market value
$1,478,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
37,950 SF
Lot
1.6 ac (69,609 SF)
Zoning code
EMP
APN
060-220- - -00070
UPID
US80-1970379
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
HOTEL/MOTEL Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
HOTEL/MOTEL Current
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Synergy Foundation INC
Entity
Mailing address
PO BOX 16217, MEMPHIS, TN 38186-0217
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
—
Synergy Foundation INC
—
Deed
related
$200,000 · First Horizon Bk
Aug 10, 2018
—
Synergy Foundation INC
—
Deed
related
$200,000 · First Tn Bk
Sep 29, 2016
—
Synergy Foundation INC
—
Deed
related
$200,000 · First Tn Bk
Nov 3, 2008
—
Synergy Foundation INC
—
Trustees Deed
related
$343,150 · First Tennessee Bank National
Sep 14, 2004
—
Synergy Foundation INC
—
Trustees Deed
related
$223,047 · National Bank Commerce Tr & Sa
Jul 2, 2004
—
Synergy Foundation INC
—
Trustees Deed
related
$100,000 · National Bank Commerce Tr & Sa
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Tn Bk
—
—
Synergy Foundation INC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Tn Bk
—
—
Synergy Foundation INC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Tn Bk
—
—
Synergy Foundation INC
—
Deed Of Trust
related
$406,760 · National Bank Commerce Tr & Sa
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Tn Bk
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Tn Bk
—
—
Synergy Foundation INC
—
Loan Modification
related
$200,000 · First Horizon Bk
—
—
Synergy Foundation INC
—
Deed Of Trust
related
$215,000 · First Tennessee Bank National
—
—
Synergy Foundation INC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
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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