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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Apartment buildings
365 Ctr St, Collierville, TN 38017
Individually Owned
12-yr Hold
Property ID
US80-1555853
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
FRAME
Total area
10,200 SF
Lot
4.72 ac (205,429 SF)
Zoning code
R-4
APN
C02-44- -A-00058-C
UPID
US80-1555853
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
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$1.06M
Owner & transaction history
Collier Village Apartments Uta · 12 yrs held
Collier Village Apartments Uta
since 2014
2 recorded transactions
Zoning & alternative use
R-4 · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+65.8%
Office building
$1.5M
+62.9%
Auto repair, garage
$1.0M
+12.0%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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%
$1,280,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$910,000
Current use
MEDICAL BUILDING
$1,510,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,485,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,020,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$915,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$104 / 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
$100,518
Tax year 2022
Assessed value
$1,967,080
Assessed 2023
Previous assessed
$1,967,080
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$287,600
Assessed improvement
$1,679,480
Land market value
$719,000
Improvement market value
$4,198,700
Total market value
$4,917,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
1
Units
12
Bathrooms
18
Total area
10,200 SF
Lot
4.72 ac (205,429 SF)
Zoning code
R-4
APN
C02-44- -A-00058-C
UPID
US80-1555853
Jurisdiction
SHELBY
Zoning & alternative use
R-4 · Collierville, TN
Zoning R-4 · permitted uses
R-4 · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$910,000
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Units
12
Bathrooms
18
Lot
4.72 ac
Current owner
From public records · entity-resolved
Collier Village Apartments Uta
Individual
Mailing address
3989 S 900TH E STE #100, SALT LAKE CITY, UT 84124-1000
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
$4,400,000
Collier Village Apartments Uta
Collier Village Associates LLC
Grant Deed
related
$3,747,292 · Federal Nat'l Mtg Assn (fnma)
—
—
Collier Vlg Apts Utah LLC
—
Deed Of Trust
related
$7,500,000 · Pinnacle 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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