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Property profile & analytics
OFF-MARKET
Estimated value
$7,185,000
Hotels
6141 Poplar Ave, Memphis, TN 38119-4741
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2025245
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Total area
60,705 SF
Lot
2.4 ac (104,544 SF)
Zoning code
OG
APN
081-007- - -00003
UPID
US80-2025245
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
-
East Gate Cleaners (Bike/Boat/Book/etc) Store
-
Power Window Store (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.19M
CAP Approach
CAP
$7.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.19M
Owner & transaction history
Tanvi Hospitality LLC · 1 yrs held
Tanvi Hospitality LLC
since 2024
Last sale
$7.2M
5 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.7M
+110.1%
Office building
$8.3M
+101.2%
Auto repair, garage
$5.9M
+42.4%
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
$7,185,000
ML approach
$7,185,000
CAP Approach
CAP Return
Estimation
6%
$7,610,000
6.5%
$7,025,000
7%
$6,525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,685,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$8,315,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,885,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,400,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$5,035,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,455,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$7.19M
Range $6.47M – $7.90M · ±10% · vs last sale $7.18M (Sep 18 2024)
Last sale anchor
$7.18M
Sep 18 2024
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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$100,826
Tax year 2023
Assessed value
$1,655,160
Assessed 2024
Previous assessed
$1,655,160
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$700,400
Assessed improvement
$954,760
Land market value
$1,751,000
Improvement market value
$2,386,900
Total market value
$4,137,900
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
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
3
Total area
60,705 SF
Lot
2.4 ac (104,544 SF)
Zoning code
OG
APN
081-007- - -00003
UPID
US80-2025245
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
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
RETAIL STORES
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
MEDICAL BUILDING
OFFICE BUILDING
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
3
Buildings
6
Lot
2.4 ac
Current owner
From public records · entity-resolved
Tanvi Hospitality LLC
Entity
Mailing address
PO BOX 29111TH CLEVELAND
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$7,183,062
Tanvi Hospitality LLC
Cwp Memphis I LLC
Special Warranty Deed
—
Sep 28, 2017
$8,563,637
Hpt Ihg-2 Properties Trust
Bre Newton Hotels Prop Holdco
Grant Deed
—
Jul 19, 2017
—
Bre Newton Hotels Prop Holdco
Bre Newton Hotels Prop Owner L
Quit Claim Deed
related
—
Aug 28, 2014
$6,500,100
Newton Hotels Prop Owner L Bre
Lion Es Hotels Holdings LLC
Grant Deed
related
$570,000,000 · Jp Morgan Chase Bank NA
Nov 15, 2004
—
Aht Residence Inn II
Marriott Residence Inn II
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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