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Property profile & analytics
OFF-MARKET
Garden apartment buildings
44 Flds Ave, Memphis, TN 38109-1678
Individually Owned
2-yr Hold
Property ID
US80-1290253
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1959
Construction
FRAME
Total area
5,624 SF
Lot
0.29 ac (12,720 SF)
Zoning code
R-6
APN
035-079- - -00025
UPID
US80-1290253
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tony Reed · 2 yrs held
Tony Reed
since 2024
Last sale
$65,000
7 recorded transactions
Zoning & alternative use
R-6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$875
Tax year 2022
Assessed value
$14,360
Assessed 2023
Previous assessed
$14,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$6,840
Assessed improvement
$7,520
Land market value
$17,100
Improvement market value
$18,800
Total market value
$35,900
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
8
Bathrooms
1
Total area
5,624 SF
Lot
0.29 ac (12,720 SF)
Zoning code
R-6
APN
035-079- - -00025
UPID
US80-1290253
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · 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
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Tony Reed
Individual
Mailing address
712 CYPRESS VW CIR E, COLLIERVILLE, TN 38017-1872
Ownership since
2024
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
Jun 18, 2024
—
Tony Reed
Deone Reed
Intrafamily Transfer
related
—
Jan 26, 2022
—
Deone Reed
Marcus D Huater
Quit Claim Deed
related
—
Mar 5, 2020
$10,000
Marcus D Hunter
County Of Shelby
Quit Claim Deed
related
—
Nov 1, 2005
—
Michael Gary
Pride,dorothy
Quit Claim Deed
related
$52,000 · Richardson Properties
Oct 30, 2001
$65,000
Dorothy D Pride
Braden,curtis
Grant Deed
$55,000 · Curtis Braden
Oct 17, 2001
$44,000
Curtis Braden
Burks,allen F
Grant Deed
$44,000 · Allen Richardson
Mar 17, 2000
$28,378
Allen F Burks
Richardson,allen
Grant Deed
$45,000 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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