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Property profile & analytics
OFF-MARKET Estimated value $10,805,000
Apartment buildings

2785 Claudette Rd Memphis, TN 38118

18,224 SF 26.27 ac lot Built 1970
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-0508390
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1970
Total area 18,224 SF
Lot 26.27 ac (1,144,452 SF)
Zoning code RU-3
APN 073-022- - -00231
UPID US80-0508390
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
$7.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.23M
Blend (final) Blend
$10.81M
Owner & transaction history
The Vue At Claudette LLC · 4 yrs held
The Vue At Claudette LLC
since 2022
Last sale
$12.9M
6 recorded transactions
2022
$12.9M
2015
Price N/A
2004
Price N/A
2004
$3.8M
2003
$100,000
2000
$4.4M
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
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