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Property profile & analytics
OFF-MARKET Estimated value $1,675,000
Apartment buildings

4583 Airways Blvd Memphis, TN 38116-7691

27,328 SF 3.61 ac lot Built 1968
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US80-0481739
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1968
Total area 27,328 SF
Lot 3.61 ac (157,295 SF)
Zoning code RU-3
APN 079-032- - -00041
UPID US80-0481739
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
  • Diamond Equity Group Inc Apartment Building
  • Oak Meadow Estates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$1.68M
Owner & transaction history
Diamond Equity Group LLC · 17 yrs held
Diamond Equity Group LLC
since 2009
4 recorded transactions
2009
$650,000
2008
$580,000
2006
$1.6M
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
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