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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Hotels
33 Humphreys Ctr Dr Memphis, TN 38120-2335
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US80-0086799
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1992
Total area
52,604 SF
Lot
2 ac (87,120 SF)
Zoning code
CA
APN
080-008- - -00445
UPID
US80-0086799
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
-
Hampton Inn Memphis-Walnut Grove/Baptist Hospital East Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
W2005 New Century Hotel Portfo · 19 yrs held
W2005 New Century Hotel Portfo
since 2007
7 recorded transactions
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+42.4%
Apartment house (5+ units)
$4.7M
+30.7%
Retail stores
$4.4M
+21.9%
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
$3,580,000
Current use
AUTO REPAIR, GARAGE
$5,100,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,680,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$4,365,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,860,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±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
$63 / 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
$134,910
Tax year 2022
Assessed value
$2,214,680
Assessed 2023
Previous assessed
$2,214,680
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$487,880
Assessed improvement
$1,726,800
Land market value
$1,219,700
Improvement market value
$4,317,000
Total market value
$5,536,700
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
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
52,604 SF
Lot
2 ac (87,120 SF)
Zoning code
CA
APN
080-008- - -00445
UPID
US80-0086799
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2 ac
Current owner
From public records · entity-resolved
W2005 New Century Hotel Portfo
Individual
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Ownership since
2007
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
Dec 7, 2023
—
W2005 New Century Hotel Portfolio L
—
Deed
related
$794,000,000 · German American Capital Corp
Sep 17, 2020
—
W2005 New Century Hotel Portfo
—
Deed
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
Nov 14, 2017
—
W2005 New Century Hotel Portfo
—
Deed
related
$960,000 · Jp Morgan Chase Bk
Jun 2, 2011
—
W2005 New Century Hotel Portfo
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Mar 7, 2007
$8,939,453
W2005 New Century Hotel Portfo
Rfs Spe 1 1998 LLC
Grant Deed
related
—
Jan 7, 1999
$9,917,000
Rfs Spe I 1998 LLC
Rfs Partnership LP
Grant Deed
related
$40,350,000 · Nationsbank
—
—
W2005 New Century Hotel Portfo
—
Deed Of Trust
related
$775,000,000 · German American Capital Corp
—
—
W2005 New Century Hotel Portfo
—
Deed Of Trust
related
$960,000 · Jp Morgan Chase Bk
—
—
W2005 New Century Hotel Portfo
—
Loan Modification
related
$960,000,000 · Wells Fargo Bk 2018-thpt (ce)
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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