New search
Property profile & analytics
OFF-MARKET
Residential income homes
283 Bellevue Blvd Memphis, TN 38105-4301
Entity Owned
~
Est. High Equity
Property ID
US80-0434915
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1912
Total area
4,368 SF
Lot
0.21 ac (8,973 SF)
Zoning code
R-6
APN
020-093- - -00010
UPID
US80-0434915
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
-
Black United Fund Of Tennessee Corporate Office Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wide Spread Properties Wsp LLC
Wide Spread Properties Wsp LLC
since 2025
Last sale
$242,000
7 recorded transactions
Zoning & alternative use
R-6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,760
Tax year 2022
Assessed value
$61,720
Assessed 2023
Previous assessed
$61,720
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$5,400
Assessed improvement
$56,320
Land market value
$13,500
Improvement market value
$140,800
Total market value
$154,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Bathrooms
2
Total area
4,368 SF
Lot
0.21 ac (8,973 SF)
Zoning code
R-6
APN
020-093- - -00010
UPID
US80-0434915
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · 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
1912
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Wide Spread Properties Wsp LLC
Entity
Mailing address
1943 LAMAR AVE APT #6, MEMPHIS, TN 38114-2135
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Wide Spread Properties Wsp LLC
Cathy Crenshaw Bonner
Quitclaim Deed
related
—
Apr 8, 2021
$242,000
Sharron L Bonner
Paris Management LLC
Warranty Deed
—
Nov 29, 2016
—
Paris Management LLC
—
Deed
related
$113,700 · Lendinghome Fndg
Dec 30, 2015
$55,000
Paris Management LLC
Tri-state Bk Of Memphis
Grant Deed
$84,500 · Lendinghome Fndg
Feb 20, 2013
$55,000
Tri-state Bk Of Memphis
Noel Elijah JR
Trustees Deed
related
—
Dec 1, 1999
$94,445
United Fund Black
Third & Madison Co
Grant Deed
related
$125,771 · Tri State Bank
—
—
United Fund Black
—
Deed Of Trust
related
$154,187 · Tri-state Bank Of Memphis
—
—
Paris Management LLC
—
Deed Of Trust
related
$113,700 · Lendinghome Fndg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 283 Bellevue Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
