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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Hotels

2715 Cherry Rd Memphis, TN 38118-0204

129,204 SF 4.97 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1065378
Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1986
Total area 129,204 SF
Lot 4.97 ac (216,450 SF)
Zoning code CMU-2
APN 073-022- - -00307
UPID US80-1065378
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
  • Goldmouth's Affordable Moving Moving Company
  • Champagne Place Apartments Hotel & Motel Bed & Breakfast
  • Chrystal's Spiritual Things Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.50M
Owner & transaction history
Champaign Place Mmephis LLC · 3 yrs held
Champaign Place Mmephis LLC
since 2022
Last sale
$1.7M
7 recorded transactions
2025
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2015
$4.8M
2004
$1.7M
1969
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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