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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Hotels
5795 Poplar Ave Memphis, TN 38119-3817
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3028336
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Total area
133,932 SF
Lot
3.01 ac (130,985 SF)
Zoning code
CMU-3
APN
081-001- - -00012
UPID
US80-3028336
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
-
Noble One Memphis LLC Hotel & Motel
-
Marriott Memphis East Hotel & Motel
-
5795 Poplar Avenue Parking Parking Lot & Garage
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.68M
Owner & transaction history
Ashford Memphis LP · 11 yrs held
Ashford Memphis LP
since 2015
6 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.0M
+42.4%
Apartment house (5+ units)
$11.9M
+30.7%
Retail stores
$11.1M
+21.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,120,000
Current use
AUTO REPAIR, GARAGE
$12,985,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,915,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$11,110,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,830,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±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
$65 / 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
$575,051
Tax year 2022
Assessed value
$9,440,000
Assessed 2023
Previous assessed
$9,440,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,163,040
Assessed improvement
$8,276,960
Land market value
$2,907,600
Improvement market value
$20,692,400
Total market value
$23,600,000
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
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
8
Total area
133,932 SF
Lot
3.01 ac (130,985 SF)
Zoning code
CMU-3
APN
081-001- - -00012
UPID
US80-3028336
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
RETAIL STORES
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
8
Lot
3.01 ac
Current owner
From public records · entity-resolved
Ashford Memphis LP
Entity
Free & Clear · 11 yrs held
Mailing address
14185 DALLAS PKWY STE #1100, DALLAS, TX 75254-4308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2017
—
David G Patterson JR.
—
Deed
related
$588,000 · Banktennessee
Feb 26, 2015
$32,362,200
Ashford Memphis LP
Noble I Memphis LLC
Grant Deed
—
Feb 24, 2005
$12,018,000
Hh Hptcw II Properties LLC
Holiday Pacific Partners
Grant Deed
—
Feb 24, 2005
—
Hh Hptcw II Properties LLC
Holiday Pacific Partners
Grant Deed
related
$10,816,200 · Hospitality Properties Tr (tr)
—
—
Ashford Memphis LP
—
Deed Of Trust
related
$33,300,000 · Cantor Com'l R/e Lndg
—
—
David G Patterson JR.
—
Deed Of Trust
related
$588,000 · Banktennessee
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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