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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Hotels
3105 Millbranch Rd Memphis, TN 38116-1917
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US80-1595812
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Total area
30,668 SF
Lot
1.53 ac (66,603 SF)
Zoning code
EMP
APN
060-222- -D-00049
UPID
US80-1595812
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
-
Quality Inn Airport I-240 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.42M
Owner & transaction history
Best Western Of Memphis · 27 yrs held
Best Western Of Memphis
since 1999
7 recorded transactions
Zoning & alternative use
EMP · 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
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
HOTEL/MOTEL
$2,090,000
Current use
COMMERCIAL (GENERAL)
$1,855,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$46 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$43,699
Tax year 2022
Assessed value
$717,360
Assessed 2023
Previous assessed
$717,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$73,480
Assessed improvement
$643,880
Land market value
$183,700
Improvement market value
$1,609,700
Total market value
$1,793,400
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/MOTEL
Status
Off-Market
Year built
2000
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
30,668 SF
Lot
1.53 ac (66,603 SF)
Zoning code
EMP
APN
060-222- -D-00049
UPID
US80-1595812
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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
HOTEL/MOTEL Current
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
2000
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Best Western Of Memphis
Individual
Mailing address
3105 MILLBRANCH RD, MEMPHIS, TN 38116-1917
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
—
Jai Gayatri INC
—
Deed
related
$1,643,456 · Guaranty Bank & Trust Co
Apr 20, 2020
—
Jai Gayatri INC
—
Deed
related
—
Jun 8, 1999
—
Best Western Of Memphis
Patel,arvind R
Quit Claim Deed
related
$1,748,800 · Banktennessee
Jun 8, 1998
$250,000
Arvind R Patel
Memphis Machinery & Supply Co
Grant Deed
—
—
—
Jai Gayatri INC
—
Deed Of Trust
related
$2,000,000 · Fidelity Nat'l Bk
—
—
Jai Gayatri INC
—
Deed Of Trust
related
$1,400,000 · First Capital Bank Ssb
—
—
Jai Gayatri INC
—
Deed Of Trust
related
$1,099,424 · Renasant Bank
—
—
Jai Gayatri INC
—
Loan Modification
related
—
—
—
Jai Gayatri INC
—
Deed Of Trust
related
$590,844 · Renasant Bank
—
—
Jai Gayatri INC
—
Deed Of Trust
related
$26,165 · Renasant Bank
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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