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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Hotels
3005 Millbranch Rd Memphis, TN 38116-1927
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0066592
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Total area
41,388 SF
Lot
1.95 ac (84,942 SF)
Zoning code
EMP
APN
060-222- - -00340
UPID
US80-0066592
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
-
Comfort Inn Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.30M
Owner & transaction history
Millbranch Hospitality LLC · 1 yrs held
Millbranch Hospitality LLC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+75.2%
Auto repair, garage
$4.7M
+67.8%
Apartment house (5+ units)
$3.7M
+30.7%
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
$3,300,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
$4,325,000
6.5%
$3,990,000
7%
$3,705,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,820,000
Current use
OFFICE BUILDING
$4,935,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,725,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,680,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,500,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$2,325,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.30M (Sep 23 2024)
Last sale anchor
$3.30M
Sep 23 2024
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
$80 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$88,853
Tax year 2023
Assessed value
$1,458,600
Assessed 2024
Previous assessed
$1,458,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$91,600
Assessed improvement
$1,367,000
Land market value
$229,000
Improvement market value
$3,417,500
Total market value
$3,646,500
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
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
41,388 SF
Lot
1.95 ac (84,942 SF)
Zoning code
EMP
APN
060-222- - -00340
UPID
US80-0066592
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
HOTEL/MOTEL Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
HOTEL/MOTEL Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Millbranch Hospitality LLC
Entity
Mailing address
3005 MILLBRANCH RD, MEMPHIS, TN 38116-1927
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Millbranch Holdings LLC
—
Deed
related
$4,675,000 · Planters Bank & Trust Co
Sep 23, 2024
—
Millbranch Hospitality LLC
Mill Branch Holdings LLC
Quit Claim Deed
related
—
Jul 7, 2021
—
Millbranch Holdings LLC
—
Deed
related
$275,000 · Radford Finance LLC
Aug 2, 2016
$3,500,000
Millbranch Holdings LLC
Vjbp Hotels LLC
Warranty Deed
related
$3,500,000 · Helena Nat'l Bk
Nov 2, 2005
$3,300,000
Vjbp Hotels LLC
Diplomat Dev Co LLC
Grant Deed
$1,675,000 · Nexity Bank
Jul 20, 2005
$2,490,000
Diplomat Dev Co LLC
Laquinta Properties INC
Grant Deed
$2,165,000 · Nexity Bank
Sep 15, 2004
$1,811,054
Laquinta Properties INC
Marcus Non LLC
Warranty Deed
—
Jul 26, 2004
—
Marcus Non LLC
B & G Realty LLC
Quit Claim Deed
related
—
—
—
Comfort Inn & Suites
—
Deed Of Trust
related
$1,207,000 · Tennessee Buisness Dev Corp
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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