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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Sports & entertainment properties
3243 Players Clb Cir, Memphis, TN 38125-0747
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1583364
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2016
Total area
7,820 SF
Lot
2.46 ac (107,375 SF)
Zoning code
EMP
APN
081-091- - -00009
UPID
US80-1583364
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
-
Reign Event Venue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Tato Properties LLC · 5 yrs held
Tato Properties LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+144.8%
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
$1,305,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,055,000
Change: +145% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.63M (May 17 2021)
Last sale anchor
$1.63M
May 17 2021
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
$189 / 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
$40,349
Tax year 2022
Assessed value
$662,360
Assessed 2023
Previous assessed
$662,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$176,240
Assessed improvement
$486,120
Land market value
$440,600
Improvement market value
$1,215,300
Total market value
$1,655,900
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,820 SF
Lot
2.46 ac (107,375 SF)
Zoning code
EMP
APN
081-091- - -00009
UPID
US80-1583364
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
RESTAURANT
Est. value
$1.1M
RESTAURANT
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Tato Properties LLC
Entity
Mailing address
3243 PLAYERS CLB CIR, MEMPHIS, TN 38125-0747
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
—
Tato Properties LLC
—
Deed
related
$1,056,277 · Paragon Bank
May 17, 2021
$1,625,000
Tato Properties LLC
Neil B Walker
Special Warranty Deed
$1,380,000 · Paragon Bank
Mar 31, 2021
—
Steward Assets LLC
An Ledbetter Calva
Quit Claim Deed
related
—
Mar 10, 2021
—
Ali Sagheb
Lear Thorpe
Quit Claim Deed
related
—
May 6, 2020
—
Kennedy Dodd Investment LLC
Kyle Kennedy
Quit Claim Deed
related
—
May 6, 2020
$5,890
Eldridge Holdings Too LLC
Kyle Kennedy
Grant Deed
related
—
Apr 22, 2020
$300,000
Eldridge Holdings Too LLC
Stearns Family LP
Correction Deed
—
Apr 22, 2020
—
Steven Kennedy
Stearns Family LP
Correction Deed
related
—
Jan 29, 2019
$300,000
Eldridge Holdings Too LLC
Stearns Family LP
Grant Deed
—
Jan 28, 2019
$376,173
Steven Kennedy
Stearns Family LP
Grant Deed
—
Jul 18, 2018
$127,101
2012 401k Trust
Stearns Family LP
Grant Deed
—
May 10, 2017
$831,600
Town & Campus INC
Rockwell Memphis LLC
Grant Deed
—
Apr 26, 2017
$831,600
Town & Campus INC
Rockwell Memphis LLC
Grant Deed
—
Apr 13, 2017
$831,600
Rockwell Memphis LLC
Four Brothers & One INC
Grant Deed
—
Oct 7, 2016
$150,000
Rockwell Memphis LLC
Anand,krishnan S
Grant Deed
—
Aug 31, 2016
$810,275
Stearns Family LP
Rockwell Memphis LLC
Grant Deed
—
Aug 31, 2016
$200,000
Frascoia,paul E Living Trust
Rockwell Memphis LLC
Grant Deed
—
Aug 10, 2016
$300,000
Rockwell Memphis LLC
Fumc R/tr
Grant Deed
—
Jul 15, 2016
$343,120
Sturgeon,larry J 2008 Trust
Rockwell Memphis LLC
Grant Deed
—
Jun 30, 2016
$163,656
Sandra K Hardy
Rockwell Memphis LLC
Grant Deed
—
Jun 30, 2016
$150,000
Serp LLC
Rockwell Memphis LLC
Grant Deed
—
May 3, 2016
$222,390
As 2012 401k Trust
Rockwell Memphis LLC
Grant Deed
—
May 3, 2016
$149,305
Kelly G Bayles
Rockwell Memphis LLC
Grant Deed
—
May 3, 2016
$249,763
Mathews Trust
Rockwell Memphis LLC
Grant Deed
—
Apr 22, 2016
$100,000
Rolf F Hertenstein
Rockwell Memphis LLC
Grant Deed
—
Apr 22, 2016
$200,000
Calva A Ledbetter
Rockwell Memphis LLC
Grant Deed
—
Mar 28, 2016
$319,212
Stephenson,david & Zora Trust
Rockwell Memphis LLC
Grant Deed
—
Mar 28, 2016
$724,844
Njw Family Trust
Rockwell Memphis LLC
Grant Deed
—
Mar 28, 2016
$150,000
Krishnan S Anand
Rockwell Memphis LLC
Grant Deed
—
Mar 28, 2016
$276,000
R & H Paul INC
Rockwell Memphis LLC
Grant Deed
—
Mar 28, 2016
$300,000
Fumc,r & Trust
Rockwell Memphis LLC
Grant Deed
—
Feb 23, 2016
$1,386,042
Four Brothers & One INC
Rockwell Memphis LLC
Grant Deed
—
Dec 17, 2015
$602,500
Rockwell Memphis LLC
State Farm Mutual Automobile I
Grant Deed
—
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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