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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Hotels
3539 Ridgeway Rd Memphis, TN 38115-4029
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US80-1264140
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
FRAME
Total area
20,808 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CMU-2
APN
093-500- - -00337
UPID
US80-1264140
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
-
InTown Suites Extended Stay Memphis TN - Ridgeway Road Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Intown Suites Memphis Southeas · 20 yrs held
Intown Suites Memphis Southeas
since 2005
3 recorded transactions
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+30.7%
Office building
$1.7M
+21.5%
Neighborhood: shopping center
$1.5M
+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
$1,415,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,850,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,720,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,530,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,440,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,370,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$70 / 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
$76,236
Tax year 2022
Assessed value
$1,251,480
Assessed 2023
Previous assessed
$1,251,480
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$227,600
Assessed improvement
$1,023,880
Land market value
$569,000
Improvement market value
$2,559,700
Total market value
$3,128,700
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/MOTEL
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Units
144
Total area
20,808 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CMU-2
APN
093-500- - -00337
UPID
US80-1264140
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
144
Lot
2.65 ac
Current owner
From public records · entity-resolved
Intown Suites Memphis Southeas
Individual
Mailing address
980 HAMMOND DR STE #1400, ATLANTA, GA 30328-8144
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2005
—
Intown Suites Memphis Southeas
Suburban Holdings
Quit Claim Deed
related
$1,997,210 · Bear Stearns Commercial Mtg
—
—
Intown Suites Memphis Southeas
—
Deed Of Trust
related
$380,000,000 · Column Fin'l
—
—
Intown Suites Memphis Southeas
—
Deed Of Trust
related
$6,600,000 · Jp Morgan Chase 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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