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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Apartment buildings
281 Bickford Ave Memphis, TN 38107-2401
Individually Owned
6-yr Hold
Property ID
US80-1051886
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
FRAME
Total area
64,530 SF
Lot
0.88 ac (38,507 SF)
Zoning code
MDR
APN
022-028- - -00003-C
UPID
US80-1051886
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
-
Bickford Square Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.50M
Owner & transaction history
Health Educational & Hsng Faci · 6 yrs held
Health Educational & Hsng Faci
since 2019
7 recorded transactions
Zoning & alternative use
MDR · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+73.8%
Neighborhood: shopping center
$4.7M
+53.7%
Commercial (general)
$3.9M
+26.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,080,000
Current use
RETAIL STORES
$5,355,000
Change: +74% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,735,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,900,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10%
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
$54 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$32,979
Tax year 2021
Land market value
$96,300
Improvement market value
$1,229,900
Total market value
$1,326,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
56
Bathrooms
2
Total area
64,530 SF
Lot
0.88 ac (38,507 SF)
Zoning code
MDR
APN
022-028- - -00003-C
UPID
US80-1051886
Jurisdiction
SHELBY
Zoning & alternative use
MDR · Memphis, TN
Zoning MDR · permitted uses
MDR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
56
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Health Educational & Hsng Faci
Individual
Mailing address
280 HERNANDO ST #205, MEMPHIS, TN 38126-1906
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
Health Educational & Hsng Faci
April Woods Apartments LP II
Correction Deed
related
—
Sep 13, 2018
—
April Woods Apartments II
Health Educational & Hsng Faci
Quit Claim Deed
related
—
Oct 15, 2009
—
April Woods Apartments II
Community Equity & Title INC
Quit Claim Deed
related
—
Jan 4, 2008
—
Health Educational
April Woods Apartments II
Quit Claim Deed
related
—
Dec 10, 2007
—
Woods Apartments I April
April Woods Apartments II
Quit Claim Deed
related
—
Nov 16, 2006
—
April Woods Apartments II
April Woods Dev II LLC
Quit Claim Deed
related
—
Mar 17, 2006
—
April Woods Dev II LLC
Bluff City Cmnty Dev Corp
Quit Claim Deed
related
—
Dec 12, 2005
—
April Woods Apartments
Bluff City Cmnty Dev Corp
Warranty Deed
related
$6,300,000 · Pnc Bank
Nov 19, 2004
—
April Woods Apartments
—
Trustees Deed
related
$620,000 · Columbia Housing Slp Corp
Nov 15, 2004
$1,000
Bluff City Community Dev Corp
Briggs,jessie & Johnnie
Grant Deed
related
—
—
—
April Woods Apartments II
—
Deed Of Trust
related
$500,000 · Division Of Housing & Comm Dev
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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