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Property profile & analytics
OFF-MARKET
Hotels
5225 Summer Ave, Memphis, TN 38122-4410
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-3521014
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1966
Total area
22,715 SF
Lot
3.54 ac (154,290 SF)
Zoning code
CMU-3
APN
068-001- - -00023
UPID
US80-3521014
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
-
Welcome inn Hotel & Motel
-
Elite Living Residence Apartment Building
-
Hotel Elite Hotel & Motel
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
Hotel Elite Memphis LLC · 1 yrs held
Hotel Elite Memphis LLC
since 2025
Last sale
$323,000
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
$31,501
Tax year 2022
Assessed value
$517,120
Assessed 2023
Previous assessed
$517,120
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$319,760
Assessed improvement
$197,360
Land market value
$799,400
Improvement market value
$493,400
Total market value
$1,292,800
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
1966
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
22,715 SF
Lot
3.54 ac (154,290 SF)
Zoning code
CMU-3
APN
068-001- - -00023
UPID
US80-3521014
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
3.54 ac
Current owner
From public records · entity-resolved
Hotel Elite Memphis LLC
Entity
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Hotel Elite Memphis LLC
Memphis Thirty Six LLC
Deed
related
$4,500,000 · American Savings Life Insurance Co
Nov 27, 2023
$323,000
State Of Tennessee
Hotel Elite Memphis LLC
Warranty Deed
—
Feb 15, 2023
$6,500,000
Hotel Elite Memphis LLC
Memphis Thirty Six LLC
Warranty Deed
$3,600,000 · Alejandro Sebastian Etal
Sep 17, 2020
—
Memphis Thirty Six LLC
—
Deed
related
$3,250,000 · Mezzanine Bridge Fin LLC
Jul 16, 2020
$1,290,000
Memphis Thirty Six LLC
Tejoo INC
Warranty Deed
—
Mar 30, 2010
$600,000
Tejoo INC
190 Orange Avenue INC
Warranty Deed
—
Jun 8, 2007
$1,850,000
190 Orange Avenue INC
Om Shai INC
Warranty Deed
$1,550,000 · Citizens National Bank
Oct 9, 2003
$1,450,000
Om Shai INC
Banktennessee
Grant Deed
$1,232,500 · Banktennessee
Mar 20, 2003
$1,000,000
Banktennessee
Hampco INC
Trustees Deed
—
—
—
Hampco INC
—
Deed Of Trust
related
$594,593 · Regions Bank
—
—
Memphis Thirty Six LLC
—
Deed Of Trust
related
$3,250,000 · Mezzanine Bridge Fin LLC
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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