Property profile

2705 Cherry Rd Memphis, TN 38118

OFF-MARKET
Hotels
Property ID
US80-0995490
46,128 SF 1.67 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1988
Total area 46,128 SF
Lot 1.67 ac (72,702 SF)
Zoning code CMU-2
APN 073-022- - -00338
UPID US80-0995490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2705 Cherry Rd Memphis, TN 38118-2984
Memphis metro Census 10610 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$830k

Owner & transaction history

since 2022
Last sale
$1.0M
7 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2015
$4.8M
2004
$1.0M

Zoning & alternative use

CMU-2 · Memphis, TN
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of disconti…

General category MIXED_USE

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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