3076 Kirby Pkwy Memphis, TN 38115
Property profile & analytics
3076 Kirby Pkwy, Memphis, TN 38115
- Hotels
- 51,804 SF
- 2.57 lot acres
Property ID
US80-1501186
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Courtyard Memphis East/Bill Morris Parkway / Hotel & Motel
- The Bistro – Eat. Drink. Connect.® / Restaurant
- 3076 Kirby Parkway Parking / Parking Lot & Garage
Property Details for 3076 Kirby Pkwy
- Year built
- 1998
- Lot size
- 2.57 lot acres
- Zone code
- CMU-2
- Property type
- Hotels
- APN
- 093-200- - -00414
- APU
- 9320000414
Description
This exceptional investment opportunity presents a 96-room Courtyard by Marriott hotel in Memphis, Tennessee. The property boasts a prime location off Route 385 and I-240 in East Memphis, offering convenient access to Germantown, Memphis International Airport, FedEx Headquarters, and International Paper. The three-story hotel, situated on approximately 0.28 acres, underwent a complete renovation in 2024, ensuring modern amenities and updated facilities for guests. With a total of 34,536 square feet, the hotel features 309 keys and approximately 630 square feet of meeting space, catering to both business and leisure travelers. The property is offered unencumbered by management agreements or debt, providing a clean and attractive investment opportunity. The hotel's strategic location within a rapidly growing area of Memphis promises strong occupancy rates and significant return on investment. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-performing hotel in a thriving market. The property's recent renovation ensures long-term operational efficiency and minimizes immediate capital expenditure needs. This is an ideal acquisition for investors seeking a stable and profitable addition to their portfolio. The single building structure simplifies management and maintenance, further enhancing the property's appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,395,000
- ML approach
- $4,290,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,495,000
- 6.5%
- $5,995,000
- 7%
- $5,570,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,242,000
Market price range: $1.19M - $5.24M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $3,525,000 Current use
- MEDICAL BUILDING
- $7,410,000 Change: +110% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,610,000 Change: +31% Conversion: Difficult
- OFFICE BUILDING
- $4,285,000 Change: +21% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,805,000 Change: +8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,585,000 Change: +2% Conversion: Difficult
- RETAIL STORES
- $3,405,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8428
- Latitude
- 35.0635
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$87,720
$249,920
$1,190,080
$1,440,000
-
$624,800
$2,975,200
$3,600,000
