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Property profile & analytics
FOR SALE
Hotels
345 S Main St Memphis, TN 38103
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-2257919
For Sale
1 / 16
$700,000
345 S Main St, Memphis, TN 38103
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1926
Total area
15,570 SF
Lot
0.13 ac (5,837 SF)
Zoning code
SM
APN
002-103- - -00014
UPID
US80-2257919
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
-
Joellian Fleet Towing Auto Repair Shop
-
750 Plus Credit Repair Memphis, TN Financial Advisor
-
Ambassador Hotel by Midtown Stays Hotel & Motel
-
SOB Downtown Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Cabigao Investments LLC · 1 yrs held
Cabigao Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+7.8%
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
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
$1,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$945,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$45 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,121
Tax year 2021
Previous assessed
$46,760
Land market value
$93,200
Improvement market value
$1,610,600
Total market value
$1,703,800
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
For Sale
Year built
1926
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
10
Total area
15,570 SF
Lot
0.13 ac (5,837 SF)
Zoning code
SM
APN
002-103- - -00014
UPID
US80-2257919
Jurisdiction
SHELBY
Zoning & alternative use
SM · Memphis, TN
Zoning SM · permitted uses
SM · 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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$945,000
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
1926
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
10
Lot
0.13 ac
Current owner
From public records · entity-resolved
Cabigao Investments LLC
Entity
Mailing address
4670 JOHNSON CV, MEMPHIS, TN 38117-1830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 11, 2025
—
Cabigao Investments LLC
Memphis Center City Revenue Finance
Deed
—
Jul 26, 2021
—
Cabigao Investments LLC
—
Deed
related
$3,145,000 · Simmons Bank
Dec 31, 2020
—
Cabigao Investments LLC
—
Deed
related
—
Jul 22, 2019
$590,000
Cabigao Investments LLC
Couch,david V
Warranty Deed
$472,000 · First Com'l Bk
Apr 15, 2019
$910,000
Cabigao Investments LLC
Couch,david V
Warranty Deed
$743,233 · First Com'l Bk
Sep 14, 2015
$805,000
David V Couch
Migliara,lawrence JR
Warranty Deed
$697,000 · Renasant Bk
Sep 19, 2006
—
Lawrence Migliara
Bates,robert C
Quit Claim Deed
related
—
—
—
Cabigao Investments LLC
—
Loan Modification
related
—
—
—
Robert C Bates
—
Deed Of Trust
related
$150,000 · Lawrence Migliara
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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