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Property profile & analytics
OFF-MARKET Estimated value $6,170,000
Apartment buildings

3007 Getwell Rd Memphis, TN 38118-2203

59,520 SF 7.34 ac lot Built 1967
Entity Owned 4-yr Hold
Property ID
US80-1591841
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1967
Total area 59,520 SF
Lot 7.34 ac (319,643 SF)
Zoning code RU-3
APN 073-017- - -00198
UPID US80-1591841
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
by Request
CAP Approach CAP
$6.84M
Comparable Approach Comparable
$5.29M
Blend (final) Blend
$6.17M
Owner & transaction history
Getwell Pointe Apartments LLC · 4 yrs held
Getwell Pointe Apartments LLC
since 2022
Last sale
$6.7M
7 recorded transactions
2022
$6.7M
2022
Price N/A
2019
Price N/A
2019
$2.3M
2019
Price N/A
2016
Price N/A
2015
Price N/A
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
Top alternative use upside
Medical building $8.5M +60.8%
Auto repair, garage $5.8M +9.0%
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