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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Hotels
2427 Germantown Rd Memphis, TN 38138
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1024247
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Total area
40,206 SF
Lot
1.23 ac (53,579 SF)
Zoning code
OG
APN
095-400- - -00617
UPID
US80-1024247
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$4.28M
Owner & transaction history
Randal Cordova Inn INC · 3 yrs held
Randal Cordova Inn INC
since 2022
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+110.1%
Auto repair, garage
$3.9M
+42.4%
Apartment house (5+ units)
$3.6M
+30.7%
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
$3,975,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
$5,040,000
6.5%
$4,655,000
7%
$4,320,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,735,000
Current use
MEDICAL BUILDING
$5,750,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,900,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,575,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$3,335,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,950,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±10% · vs last sale $5.00M (Jul 29 2022)
Last sale anchor
$5.00M
Jul 29 2022
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
$106 / 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
Tax billed
$77,386
Tax year 2022
Assessed value
$1,270,360
Assessed 2023
Previous assessed
$1,270,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$248,800
Assessed improvement
$1,021,560
Land market value
$622,000
Improvement market value
$2,553,900
Total market value
$3,175,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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/MOTEL
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
68
Total area
40,206 SF
Lot
1.23 ac (53,579 SF)
Zoning code
OG
APN
095-400- - -00617
UPID
US80-1024247
Jurisdiction
SHELBY
Zoning & alternative use
OG · Memphis, TN
Zoning OG · permitted uses
OG · 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
$2.7M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
HOTEL/MOTEL Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
68
Lot
1.23 ac
Current owner
From public records · entity-resolved
Randal Cordova Inn INC
Entity
Mailing address
2427 N GERMANTOWN PKWY, CORDOVA, TN 38016-4494
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$5,000,000
Randal Cordova Inn INC
Ambe Hospitality INC
Warranty Deed
$3,750,000 · Ctl Capital Partners
Oct 28, 2019
—
Ambe Hospitality INC
—
Deed
related
$513,000 · First Cap Bk
Aug 6, 2018
$3,500,000
Ambe Hospitality INC
Link-paras LLC
Warranty Deed
$2,880,000 · First Cap Bk
Jun 14, 2004
—
Link Parras LLC
—
Trustees Deed
related
$110,000 · R&n Family LP
—
—
Link-paras LLC
—
Loan Modification
related
$1,527,995 · Community Bk/ms
—
—
Ambe Hospitality INC
—
Deed Of Trust
related
$513,000 · First Cap Bk
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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