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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Assisted living facilities
6015 Primacy Pkwy Memphis, TN 38119-5722
Entity Owned
1-yr Hold
Property ID
US80-1112496
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
FRAME
Total area
37,226 SF
Lot
1.68 ac (73,181 SF)
Zoning code
RU-3
APN
081-004- - -00045
UPID
US80-1112496
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
-
The Village at Primacy Place Nursing Home Retirement Community
-
Rose Terrace Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Bradford Health Services LLC · 1 yrs held
Bradford Health Services LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+320.2%
Retail stores
$3.1M
+264.0%
Auto repair, garage
$3.0M
+255.4%
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
$2,125,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,555,000
Change: +320% · Conversion: Difficult
RETAIL STORES
$3,080,000
Change: +264% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,005,000
Change: +255% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,575,000
Change: +204% · Conversion: Difficult
MEDICAL BUILDING
$2,480,000
Change: +193% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,955,000
Change: +131% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.70M (May 16 2025)
Last sale anchor
$2.70M
May 16 2025
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
$66 / 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
$92,875
Tax year 2021
Assessed value
$1,506,960
Assessed 2023
Previous assessed
$1,506,960
+0.0% YoY
Effective rate
6.16%
On assessed value
Assessed land
$184,160
Assessed improvement
$1,322,800
Land market value
$460,400
Improvement market value
$3,307,000
Total market value
$3,767,400
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
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
37,226 SF
Lot
1.68 ac (73,181 SF)
Zoning code
RU-3
APN
081-004- - -00045
UPID
US80-1112496
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-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
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.68 ac
Current owner
From public records · entity-resolved
Bradford Health Services LLC
Entity
Mailing address
6539 KNIGHT ARNOLD RD EXT, MEMPHIS, TN 38115-0697
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$2,700,000
Bradford Health Services LLC
Rakshan Residency LLC
Warranty Deed
—
Apr 1, 2024
$700,000
Rakshan Residency LLC
S H Ventures Vi Propco Memphis LLC
Special Warranty Deed
—
Sep 3, 2021
—
S H Ventures Vi Propco Memphis LLC
—
Deed
related
$29,600,000 · Congressional Bank
Jun 15, 2018
—
S-h Ventures Vi Propco Memphis
—
Deed
related
$3,599,766 · Capital One NA
Jul 20, 2017
—
S-h Forty Nine Properties LLC
Hcp Sh Elp1 Properties LLC
Quit Claim Deed
related
—
Aug 20, 2014
—
S-h Forty-nine Properties LLC
Hcp Sh Elp1 Properties LLC
Quit Claim Deed
related
—
Aug 18, 2010
—
Bre Of Sw Rose Terrace LLC
—
Deed Of Trust
related
$128,334,000 · Ing USA Annunity & Life Ins Co
Jul 21, 2006
—
Memphis Senior Living LLC
—
Deed Of Trust
related
$128,334,000 · Column Financial INC
May 12, 2005
$1,920,000
Memphis Senior Living LLC
Atria Primacy LLC
Grant Deed
$24,000,000 · Merrill Lynch Capital
Aug 25, 2004
—
Atria Primacy LLC
—
Deed Of Trust
related
$200,000,000 · General Electric Capital Corp
—
—
S-h Ventures Vi Propco Memphis
—
Deed Of Trust
related
$3,599,766 · Capital One NA
—
—
Memphis Senior Living LLC
—
Deed Of Trust
related
$128,236,676 · Columbia Pac Distressed Fund L
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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