New search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Assisted living facilities
490 Poplar Ave Collierville, TN 38017-2538
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-1961401
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1970
Total area
34,186 SF
Lot
3.1 ac (135,080 SF)
Zoning code
MPO
APN
C02-44 - - -00731
UPID
US80-1961401
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
-
Collierville Nursing and Rehabilitation Nursing Home
-
Covenant Dove Collierville - Under New Ownership Nursing Home
-
Covenant Dove Collierville: Nash Dana A MD Physician
-
Liesl R. Bullen, APRN Physician
-
Advanced Lifeline Respiratory Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$675k
Owner & transaction history
Nancy Steadman · 6 yrs held
Nancy Steadman
since 2019
7 recorded transactions
Zoning & alternative use
MPO · Collierville, 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 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$835,000
Current use
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$20 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$45,061
Tax year 2021
Assessed value
$1,306,120
Assessed 2023
Previous assessed
$1,306,120
+0.0% YoY
Effective rate
3.45%
On assessed value
Assessed land
$622,880
Assessed improvement
$683,240
Land market value
$1,557,200
Improvement market value
$1,708,100
Total market value
$3,265,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1970
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
34,186 SF
Lot
3.1 ac (135,080 SF)
Zoning code
MPO
APN
C02-44 - - -00731
UPID
US80-1961401
Jurisdiction
SHELBY
Zoning & alternative use
MPO · Collierville, TN
Zoning MPO · permitted uses
MPO · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$835,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1970
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Nancy Steadman
Individual
Free & Clear · 6 yrs held
Mailing address
440 SYLVAN AVE STE #240, ENGLEWOOD CLIFFS, NJ 07632-2700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
—
Collierville Propco LLC
—
Deed
related
$400,000,000 · Monticelloam Funding Sh 77 LLC
Jan 15, 2020
—
Collierville Propco LLC
—
Deed
related
—
Jul 30, 2019
$180,000
Nancy Steadman
Scruggs,corey
Warranty Deed
—
Oct 17, 2018
$4,250,000
Collierville Propco LLC
Oh Asset Tn Collierville LLC
Trustees Deed
related
$7,250,000 · Monticello Fndg LLC-series Bth
Mar 27, 2012
—
Collierville Re LLC
—
Deed Of Trust
related
$165,000,000 · Privatebank & Trust
Nov 17, 2008
—
Collierville Re LLC
—
Deed Of Trust
related
$190,500,000 · Ge Business Financial Svcs INC
Aug 23, 2007
—
Collierville Re LLC
—
Deed Of Trust
related
$190,500,000 · Merrill Lynch Capital
Jul 26, 2007
—
Mid-south Associates LLC
Mid-south Health Care Assocs I
Quit Claim Deed
related
—
—
—
Collierville Propco LLC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 490 Poplar Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
