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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Hotels
2705 Cherry Rd, Memphis, TN 38118-2984
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0995490
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.04M
Owner & transaction history
Champaign Place Mmephis LLC · 3 yrs held
Champaign Place Mmephis LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
$830,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Aug 25 2022)
Last sale anchor
$1.04M
Aug 25 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
$23 / 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
$32,288
Tax year 2022
Assessed value
$530,040
Assessed 2023
Previous assessed
$530,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$93,120
Assessed improvement
$436,920
Land market value
$232,800
Improvement market value
$1,092,300
Total market value
$1,325,100
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
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
46,128 SF
Lot
1.67 ac (72,702 SF)
Zoning code
CMU-2
APN
073-022- - -00338
UPID
US80-0995490
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.67 ac
Current owner
From public records · entity-resolved
Champaign Place Mmephis LLC
Entity
Mailing address
2340 PO BOX 20242ND BLVD, CLEVELAND, OH 44120-0242
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Champaign Place Memphis LLC
—
Deed
related
$5,540,000 · Velocity Commercial Capital LLC
Aug 29, 2022
—
Champaign Holding LLC
—
Deed
related
$5,330,000 · Nubridge Commercial Lending LLC
Aug 25, 2022
—
Champaign Place Mmephis LLC
Tn Champaign LLC
Quit Claim Deed
related
—
Jun 10, 2020
—
Flipper Drive LLC
Wi Memphis LLC
Quit Claim Deed
related
—
Apr 12, 2018
—
Tn Champaign LLC
Tn Champaign LLC
Quit Claim Deed
related
$3,900,000 · Miscellaneous Ins Co
Aug 17, 2015
$4,750,000
Tn Campaige LLC
Campaige Place Memphis One LLC
Grant Deed
related
$3,850,000 · Triumph Bk
Jun 29, 2004
$1,042,960
Campaige Place Memphis One LLC
Wilson Inn-cherry Road INC
Grant Deed
—
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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