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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Hotels
2700 Perkins Rd Memphis, TN 38118-2429
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1881696
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1994
Total area
63,778 SF
Lot
2.16 ac (93,872 SF)
Zoning code
CMU-3
APN
074-001- - -00221
UPID
US80-1881696
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
-
Sleep Inn & Suites Hotel & Motel
-
Sleep Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.82M
Owner & transaction history
S & S USA INC · 5 yrs held
S & S USA INC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,530,000
ML approach
$2,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,340,000
Current use
COMMERCIAL (GENERAL)
$3,855,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $3.15M (Jan 6 2021)
Last sale anchor
$3.15M
Jan 6 2021
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
$44 / 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
$70,444
Tax year 2022
Assessed value
$1,156,400
Assessed 2023
Previous assessed
$1,156,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$181,360
Assessed improvement
$975,040
Land market value
$453,400
Improvement market value
$2,437,600
Total market value
$2,891,000
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
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
63,778 SF
Lot
2.16 ac (93,872 SF)
Zoning code
CMU-3
APN
074-001- - -00221
UPID
US80-1881696
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.9M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
2.16 ac
Current owner
From public records · entity-resolved
S & S USA INC
Entity
Mailing address
6600 ALY RD, SUMMERFIELD, NC 27358-9203
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
$3,150,000
S & S USA INC
Hc Memphis LLC
Special Warranty Deed
—
Oct 18, 2018
—
Hc Memphis LLC
—
Deed
related
$6,490,000 · Access Pt Fin'l
Jul 28, 2014
—
Hc Memphis LLC
—
Deed Of Trust
related
$3,000,000 · Access Pt Fin'l INC
May 28, 2014
$2,150,000
Hc Memphis LLC
Alrutz Douglas M
Trustees Deed
—
Aug 9, 2006
$6,950,000
Vmn Memphis LLC
Perkins Hotel Partners
Deed Of Trust
related
$6,020,000 · Countrywide Com'l R E Fin
—
—
Hc Memphis LLC
—
Deed Of Trust
related
$3,600,000 · Access Pt Fin'l
—
—
Hc Memphis LLC
—
Deed Of Trust
related
$6,490,000 · Access Pt Fin'l
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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