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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Hotels
3685 American Way Memphis, TN 38118-1663
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0085713
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Total area
23,350 SF
Lot
3.63 ac (158,123 SF)
Zoning code
EMP
APN
073-017- - -00237-C
UPID
US80-0085713
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
-
Days Inn & Suites by Wyndham Memphis East Hotel & Motel
-
Americas Best Value Inn Memphis I-240 Hotel & Motel
-
American Way Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Gulu INC · 6 yrs held
Gulu INC
since 2019
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$27 / 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
$29,822
Tax year 2022
Assessed value
$489,560
Assessed 2023
Previous assessed
$489,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$110,920
Assessed improvement
$378,640
Land market value
$277,300
Improvement market value
$946,600
Total market value
$1,223,900
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
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
23,350 SF
Lot
3.63 ac (158,123 SF)
Zoning code
EMP
APN
073-017- - -00237-C
UPID
US80-0085713
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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.
Building & site characteristics
From public records
Year built
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Gulu INC
Entity
Mailing address
440 SAINT ANDREWS DR, MURFREESBORO, TN 37128-6531
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
$1,400,000
Gulu INC
Swami Bapa Hospitality LLC
Warranty Deed
$1,335,000 · Celtic Bk
Sep 29, 2014
$1,360,000
Swami Bapa Hospitality LLC
Patel,s N & R D
Grant Deed
$1,250,000 · Brighton Bk
Apr 22, 2013
—
Padma K Desai
Desai,k J
Quit Claim Deed
related
—
Aug 10, 2009
—
Patel S N
Ksrv Group LLC
Quit Claim Deed
related
—
Apr 21, 2008
—
Ksrv Group LLC
Patel,s N & R D
Quit Claim Deed
related
—
Apr 12, 2004
$1,200,000
Patel S N
Shre Ganesh Enterprise INC
Grant Deed
$500,000 · First Citizens National Bank
—
—
Patel S N
—
Deed Of Trust
related
$914,982 · First Citizens National Bank
—
—
Shree Ganesh Enterprises INC
—
Deed Of Trust
related
$957,477 · First Citizens Bank
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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