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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Hotels
6085 Apple Tree Dr Memphis, TN 38115-8600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1957381
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Total area
31,576 SF
Lot
2.35 ac (102,366 SF)
Zoning code
OG
APN
093-200- - -00393
UPID
US80-1957381
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
-
Sonesta Simply Suites Memphis Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Shri Radha Rani LLC · 2 yrs held
Shri Radha Rani LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+110.1%
Apartment house (5+ units)
$2.8M
+30.7%
Office building
$2.6M
+21.5%
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
$2,890,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,150,000
Current use
MEDICAL BUILDING
$4,515,000
Change: +110% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,810,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,610,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,320,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,185,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,075,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $3.00M (Oct 31 2023)
Last sale anchor
$3.00M
Oct 31 2023
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
$93 / 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
$36,915
Tax year 2022
Assessed value
$606,000
Assessed 2023
Previous assessed
$606,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$153,200
Assessed improvement
$452,800
Land market value
$383,000
Improvement market value
$1,132,000
Total market value
$1,515,000
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/MOTEL
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
31,576 SF
Lot
2.35 ac (102,366 SF)
Zoning code
OG
APN
093-200- - -00393
UPID
US80-1957381
Jurisdiction
SHELBY
Zoning & alternative use
OG · Memphis, TN
Zoning OG · permitted uses
OG · 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
$2.2M
MEDICAL BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
HOTEL/MOTEL Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Shri Radha Rani LLC
Entity
Mailing address
6085 APPLE TREE DR, MEMPHIS, TN 38115-8600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 31, 2023
$3,000,000
Shri Radha Rani LLC
Sai Memphis LLC
Warranty Deed
$2,585,002 · First Security Bank
Oct 25, 2023
$2,188,676
Sai Memphis LLC
Esh Tn Properties LLC
Special Warranty Deed
—
Oct 25, 2023
—
Fsa P Portfolio Operating Lessee Ll
Esh Tn Properties LLC
Lease
—
Jan 2, 2013
—
Esh Of Tn Properties LLC
—
Deed Of Trust
related
—
Oct 25, 2010
—
Esh Of Tn Properties LLC
—
Deed Of Trust
related
$2,000,000,000 · J P Morgan Chase Bank
Oct 22, 2010
—
Esh Of Tn Properties LLC
Esa Properties LLC
Warranty Deed
related
—
Jun 2, 2004
—
Bre/esa Properties LLC
Studio Plus Properties 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.
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