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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Golf courses & driving ranges
2700 Houston Levee Rd Collierville, TN 38017
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-1226978
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1989
Construction
FRAME
Total area
13,550 SF
Lot
229.48 ac (9,996,149 SF)
Zoning code
AG
APN
C02-32 - - -00312-C
UPID
US80-1226978
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
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$510k
Owner & transaction history
Billings-gassaway LP · 11 yrs held
Billings-gassaway LP
since 2015
4 recorded transactions
Zoning & alternative use
AG · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+3.1%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$765,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$38 / 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
$24,659
Tax year 2022
Assessed value
$482,560
Assessed 2023
Previous assessed
$482,560
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$410,200
Assessed improvement
$72,360
Land market value
$1,640,800
Improvement market value
$180,900
Total market value
$1,821,700
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
13,550 SF
Lot
229.48 ac (9,996,149 SF)
Zoning code
AG
APN
C02-32 - - -00312-C
UPID
US80-1226978
Jurisdiction
SHELBY
Zoning & alternative use
AG · Collierville, TN
Zoning AG · permitted uses
AG · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
229.48 ac
Current owner
From public records · entity-resolved
Billings-gassaway LP
Entity
Free & Clear · 11 yrs held
Mailing address
834 W POPLAR AVE STE #1, COLLIERVILLE, TN 38017-4048
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Billings Gassaway LP
—
Deed
related
$3,850,000 · Independent Bank
Oct 21, 2016
—
Billings-gassaway LP
—
Deed
related
$1,200,000 · Financial Fed'l Bk
Apr 9, 2015
—
Billings-gassaway LP
Wsg Memphis National IV LLC
Quit Claim Deed
related
—
—
—
Billings-gassaway LP
—
Deed Of Trust
related
$1,200,000 · Financial Fed'l 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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