Property profile

3840 Covington Pike Memphis, TN 38135

OFF-MARKET
Assisted living facilities
Property ID
US80-0602481
55,568 SF 22.21 ac lot Built 1979
Entity Owned 15-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1979
Construction FRAME
Total area 55,568 SF
Lot 22.21 ac (967,468 SF)
Zoning code RU-2
APN 087-078- - -00009-C
UPID US80-0602481

Cap rate & NOI

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

Location

3840 Covington Pike Memphis, TN 38135
Memphis metro Census 20658 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.27M

Owner & transaction history

since 2010
2 recorded transactions
2010
$6.2M
1969
Price N/A

Zoning & alternative use

RU-2 · 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
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