Property profile

2380 James Rd Memphis, TN 38127

OFF-MARKET
Assisted living facilities
Property ID
US80-2965000
49,521 SF 4.1 ac lot Built 1966
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1966
Total area 49,521 SF
Lot 4.1 ac (178,422 SF)
Zoning code R-10
APN 072-047- - -00280-C
UPID US80-2965000

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
  • Rehabilitation Center Nursing Home
  • Physician

Location

2380 James Rd Memphis, TN 38127-8806
Memphis metro Census 10220 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$484k
Blend (final) Blend
$700k

Owner & transaction history

since 2017
Last sale
$945,000
7 recorded transactions
2020
Price N/A
2019
Price N/A
2017
Price N/A
2017
$11.2M
2013
Price N/A
2008
Price N/A
2007
Price N/A

Zoning & alternative use

R-10 · Memphis, TN
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…

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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