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Property profile & analytics
FOR SALE
Hotels
6020 Shelby Oaks Dr Memphis, TN 38134
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0109947
For Sale
1 / 63
$2,000,000
6020 Shelby Oaks Dr, Memphis, TN 38134
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
41,280 SF
Lot
2.28 ac (99,317 SF)
Zoning code
EMP
APN
089-044- - -00157
UPID
US80-0109947
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
-
Baymont by Wyndham Memphis East Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.39M
Owner & transaction history
Laxmi II LLC · 5 yrs held
Laxmi II LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+31.2%
Apartment house (5+ units)
$3.7M
+30.7%
Retail stores
$3.4M
+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
$2,050,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,810,000
Current use
OFFICE BUILDING
$3,685,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,670,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$3,425,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,030,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.55M (Mar 31 2021)
Last sale anchor
$2.55M
Mar 31 2021
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
$58 / 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
$58,009
Tax year 2022
Assessed value
$952,280
Assessed 2023
Previous assessed
$952,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$115,240
Assessed improvement
$837,040
Land market value
$288,100
Improvement market value
$2,092,600
Total market value
$2,380,700
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
For Sale
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
41,280 SF
Lot
2.28 ac (99,317 SF)
Zoning code
EMP
APN
089-044- - -00157
UPID
US80-0109947
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
$2.8M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
HOTEL/MOTEL Current
OFFICE BUILDING
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Laxmi II LLC
Entity
Mailing address
6020 SHELBY OAKS DR, MEMPHIS, TN 38134-7405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
$2,550,000
Laxmi II LLC
Senny Management LLC
Special Warranty Deed
$2,304,000 · Celtic Bank Corporation
Aug 14, 2013
—
Sunny Management LLC
Champion Regional Dev LLC
Quit Claim Deed
related
$2,081,250 · Interbank Fsb
Aug 14, 2013
$2,100,000
Champion Regional Dev LLC
Bre Of Lq Properties LLC
Grant Deed
—
Aug 16, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Mar 6, 2006
$3,968,600
Bre Of Lq Properties LLC
La Quinta Properties INC
Deed Of Trust
related
$2,075,000,000 · * Other Institutional Lenders
Sep 15, 2004
$2,032,063
Laquinta Properties INC
Marcus Non LLC
Warranty Deed
—
Jul 26, 2004
—
Marcus Non LLC
B & G Realty INC
Quit Claim Deed
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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