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Property profile & analytics
OFF-MARKET Estimated value $255,000
Garden apartment buildings

423 Peebles Rd Memphis, TN 38109-2728

9,184 SF 0.87 ac lot Built 1974
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1798917
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1974
Total area 9,184 SF
Lot 0.87 ac (37,984 SF)
Zoning code CMU-1
APN 075-014- - -00010-C
UPID US80-1798917
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
$1.07M
Comparable Approach Comparable
$670k
Blend (final) Blend
$255k
Owner & transaction history
Cueva INC · 5 yrs held
Cueva INC
since 2021
5 recorded transactions
2021
$478,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
Top alternative use upside
Medical building $1.3M +60.8%
Office building $1.1M +34.1%
Auto repair, garage $890,000 +9.0%
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