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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Hotels
3896 Lamar Ave Memphis, TN 38118-3711
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0167326
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1972
Total area
87,534 SF
Lot
4.31 ac (187,744 SF)
Zoning code
CMU-3
APN
073-029- - -00010
UPID
US80-0167326
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
-
Economy Hotel Memphis Hotel & Motel Vacation Rental
-
Real Value Inn Hotel & Motel
-
LibertyX Bitcoin ATM Atm
-
The Candler Event Hall Memphis Hotel & Motel Resort
-
Aone Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.19M
Owner & transaction history
Murvah LLC · 5 yrs held
Murvah LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
$1,965,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.38M (Oct 13 2020)
Last sale anchor
$2.38M
Oct 13 2020
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
$25 / 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
$57,793
Tax year 2022
Assessed value
$948,720
Assessed 2023
Previous assessed
$948,720
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$162,640
Assessed improvement
$786,080
Land market value
$406,600
Improvement market value
$1,965,200
Total market value
$2,371,800
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
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
87,534 SF
Lot
4.31 ac (187,744 SF)
Zoning code
CMU-3
APN
073-029- - -00010
UPID
US80-0167326
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.31 ac
Current owner
From public records · entity-resolved
Murvah LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2020
$2,375,000
Murvah LLC
Sa Hospitality Group INC
Warranty Deed
$1,687,000 · American Cmrc Bk NA
Nov 24, 2015
—
Sa Hospitality Group INC
Zodiac 21 INC
Quit Claim Deed
related
—
Nov 24, 2015
$2,150,000
Sa Hospitality Group INC
Zodiac 21 INC
Grant Deed
$1,650,000 · First Intercontinental Bk
Jan 17, 2012
$995,000
Zodiac21 INC
Hotdeals4travel INC
Warranty Deed
$896,000 · American Business Lending INC
May 15, 2009
$850,000
Hotdeals4travel INC
Inn Management INC
Warranty Deed
$230,000 · Vinod Javer
—
—
Hotdeals4travel INC
—
Deed Of Trust
related
$55,000 · Vinod Javer
—
—
Hotdeals4travel INC
—
Deed Of Trust
related
$290,000 · Lnb Commercial Capital Corp
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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