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Property profile & analytics
OFF-MARKET Estimated value $4,350,000
Apartment buildings

3510 Graceland Dr Memphis, TN 38116

17,304 SF 7.32 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US80-0070677
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1972
Total area 17,304 SF
Lot 7.32 ac (318,903 SF)
Zoning code RU-3
APN 078-034- - -00029
UPID US80-0070677
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.78M
Blend (final) Blend
$4.35M
Owner & transaction history
Birches Townhomes LLC · 6 yrs held
Birches Townhomes LLC
since 2020
Last sale
$5.0M
5 recorded transactions
2020
$5.0M
2020
Price N/A
2007
Price N/A
2007
$3.6M
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $5.3M +246.2%
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