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Property profile & analytics
OFF-MARKET Estimated value $1,320,000
Apartment buildings

5473 Vandergreen Dr Memphis, TN 38116

10,296 SF 7.28 ac lot Built 1975
Individually Owned 4-yr Hold Free & Clear
Property ID
US80-1324482
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1975
Construction FRAME
Total area 10,296 SF
Lot 7.28 ac (317,117 SF)
Zoning code RU-3
APN 079-161- - -00116
UPID US80-1324482
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
$1.20M
Comparable Approach Comparable
$916k
Blend (final) Blend
$1.32M
Owner & transaction history
Health Educational & Hsng Facility · 4 yrs held
Health Educational & Hsng Facility
since 2021
Last sale
$1.6M
7 recorded transactions
2021
Price N/A
2020
$1.6M
2020
$950,000
2005
Price N/A
2003
Price N/A
1998
Price N/A
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
Top alternative use upside
Medical building $1.5M +60.8%
Office building $1.2M +34.1%
Auto repair, garage $1.2M +28.4%
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