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Property profile & analytics
OFF-MARKET
Estimated value
$4,660,000
Hotels
4640 Merchants Park Cir Collierville, TN 38017-9111
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-1938333
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
77,104 SF
Lot
2.26 ac (98,228 SF)
Zoning code
R-1
APN
C02-57 - - -00394
UPID
US80-1938333
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
-
4640 Merchants Park Circle Parking Parking Lot & Garage
-
Courtyard Memphis Collierville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.55M
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$4.66M
Owner & transaction history
Julie Meadows Hospitality LLC
Julie Meadows Hospitality LLC
since 2025
4 recorded transactions
Zoning & alternative use
R-1 · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+34.8%
Retail stores
$6.9M
+21.0%
Apartment house (5+ units)
$6.9M
+20.3%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,005,000
6.5%
$5,545,000
7%
$5,150,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,725,000
Current use
AUTO REPAIR, GARAGE
$7,715,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$6,925,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,885,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,860,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.66M
Range $4.19M – $5.13M · ±10%
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
$60 / 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
$231,647
Tax year 2022
Assessed value
$4,533,200
Assessed 2023
Previous assessed
$4,533,200
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$647,840
Assessed improvement
$3,885,360
Land market value
$1,619,600
Improvement market value
$9,713,400
Total market value
$11,333,000
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
77,104 SF
Lot
2.26 ac (98,228 SF)
Zoning code
R-1
APN
C02-57 - - -00394
UPID
US80-1938333
Jurisdiction
SHELBY
Zoning & alternative use
R-1 · Collierville, TN
Zoning R-1 · permitted uses
R-1 · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.26 ac
Current owner
From public records · entity-resolved
Julie Meadows Hospitality LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9075 FRST CTR DR, GERMANTOWN, TN 38138-7855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Julie Meadows Hospitality LLC
—
Deed
related
$10,500,000 · Rref V D Direct Lending Investments LLC
Sep 18, 2025
$13,425,000
Julie Meadows Hospitality LLC
Southern Hospitality LLC
Special Warranty Deed
—
Aug 2, 2016
—
Southern Hospitality LLC
—
Deed
related
$8,275,000 · Pinnacle Bk
—
—
Southern Hospitality LLC
—
Loan Modification
related
$8,275,000 · Pinnacle Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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