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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Hotels
3411 Elvis Presley Blvd Memphis, TN 38116-3259
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2791886
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Construction
FRAME
Total area
46,420 SF
Lot
3.49 ac (152,112 SF)
Zoning code
CMU-3
APN
077-010- - -00065
UPID
US80-2791886
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
-
Holiday Inn Express & Suites Memphis Arpt Elvis Presley Blvd, an IHG Hotel Hotel & Motel
-
Balaji Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$4.43M
Owner & transaction history
New York Investment Group LLC · 4 yrs held
New York Investment Group LLC
since 2022
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+110.1%
Office building
$5.5M
+75.2%
Auto repair, garage
$5.3M
+67.8%
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
$3,500,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
$4,850,000
6.5%
$4,480,000
7%
$4,160,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,160,000
Current use
MEDICAL BUILDING
$6,640,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$5,535,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,300,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,130,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,805,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $4.40M (Mar 31 2022)
Last sale anchor
$4.40M
Mar 31 2022
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
$95 / 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
$120,081
Tax year 2022
Assessed value
$1,971,240
Assessed 2023
Previous assessed
$1,971,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$79,160
Assessed improvement
$1,892,080
Land market value
$197,900
Improvement market value
$4,730,200
Total market value
$4,928,100
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
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
85
Bathrooms
1
Total area
46,420 SF
Lot
3.49 ac (152,112 SF)
Zoning code
CMU-3
APN
077-010- - -00065
UPID
US80-2791886
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
$3.2M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
85
Bathrooms
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
New York Investment Group LLC
Entity
Mailing address
102 COLONY WAY, BRANDON, MS 39047-8249
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$4,400,000
New York Investment Group LLC
Ep3 Developers LLC
Warranty Deed
$69,600,000 · Barclays Capital Real Estate INC
Mar 9, 2022
—
Ep3 Developers LLC
Ep3 Developers LLC
Intrafamily Transfer
related
—
Aug 4, 2020
—
Ep3 Developers LLC
—
Deed
related
$57,386 · Financial Fed'l Bk
Dec 3, 2015
—
Ep3 Developers LLC
—
Deed Of Trust
related
$4,800,000 · Financial Fed'l Bk
—
—
Ep3 Developers LLC
—
Loan Modification
related
$57,386 · Financial Fed'l Bk
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.
Try Rey
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