Property profile

3549 Norriswood Ave Memphis, TN 38111

OFF-MARKET
Assisted living facilities
Property ID
US80-0982551
56,913 SF 1.37 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1977
Total area 56,913 SF
Lot 1.37 ac (59,851 SF)
Zoning code RU-3
APN 046-002- - -00006-C
UPID US80-0982551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Rehabilitation Center
  • Medical Clinic
  • Nursing Home

Location

3549 Norriswood Ave Memphis, TN 38111-5911
Memphis metro Census 7300 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$880k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2022
$27.1M
2021
Price N/A
2019
Price N/A
2019
$11,000
2009
$7.3M
2005
Price N/A

Zoning & alternative use

RU-3 · Memphis, TN
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  …

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3549 Norriswood Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message