Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6301 Vlg Grv Dr Memphis, TN 38115-8119

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6301 Vlg Grv Dr Memphis, TN 38115-8119

    View on Map
    • Assisted living facilities
    • 148,340 SF
    • 9.91 lot acres
    Off-Market
    Last Sale Jun 4, 2020
    $2,200,000
    Property ID
    US80-0133323
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Elevation at Autumn Ridge / Apartment Complex

    Property Details for 6301 Vlg Grv Dr

    Year built
    1989
    Lot size
    9.91 lot acres
    Property size
    148,340 SF
    Zone code
    CMU-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    093-500- - -00286
    APU
    9350000286

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,820,000
      ML approach
      $2,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,450,000
      Market price range: $1.45M - $6.29M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $3,370,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8527
    Latitude
    35.0524
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $113,992
    $279,880
    $1,569,720
    $1,849,600
    -
    $699,700
    $3,924,300
    $4,624,000

    Comparable in this City

    • Value Estimation
      $940,000
      41,358 SF

      5819 Newberry Ave

      HOMES (RETIRED, NURSING) • 41,358 SF
      5819 Newberry Ave, Memphis, TN 38115-3031
      View Details
    • Value Estimation
      $1,170,000
      105,158 SF

      3393 Kirby Rd

      HOMES (RETIRED, NURSING) • 105,158 SF
      3393 Kirby Rd, Memphis, TN 38115-4253
      View Details
    • Value Estimation by Request
      9,774 SF

      6539 Knight Arnold Rd Ext

      HOMES (RETIRED, NURSING) • 9,774 SF
      6539 Knight Arnold Rd Ext, Memphis, TN 38115-0697
      View Details
    • Value Estimation
      $5,450,000
      58,356 SF

      6880 Raines Rd

      HOMES (RETIRED, NURSING) • 58,356 SF
      6880 Raines Rd, Memphis, TN 38115-5404
      View Details
    • Value Estimation
      $1,645,000
      72,452 SF

      3535 Kirby Pkwy

      HOMES (RETIRED, NURSING) • 72,452 SF
      3535 Kirby Pkwy, Memphis, TN 38115-3721
      View Details
    • Value Estimation by Request
      1.67 Acres

      3185 Hickory Hl Rd

      HOMES (RETIRED, NURSING) • 1.67 Acres
      3185 Hickory Hl Rd, Memphis, TN 38115-2582
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Road Frontage

      Land available with frontage on Winchester Road.
      6040 Winchester Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      1,080 SF

      Renovated Office Building For Sale

      Recently renovated 1,080 SF office building, ideal for small businesses.
      5750 Nanjack Cir, Memphis, TN 38115
      View Details
    • $120,000

      Two Contiguous Commercial Land Parcels

      Two adjacent parcels totaling 0.863 acres available for purchase.
      5276 Mendenhall Park Pl, Memphis, TN 38115
      View Details
    • Contact for pricing
      Pending

      Memphis Duplex For Sale

      Unoccupied duplex in Memphis, Tennessee. Interior photos available on request.
      5555 Apple Blossom Dr, Memphis, TN 38115
      View Details
    • $72,900

      Affordable Memphis Office Space

      Well-located office space with owner financing in Memphis, TN.
      5507 Winchester Ave, Memphis, TN 38115
      View Details
    • Contact for pricing

      Commercial Land on S Mendenhall

      High-visibility commercial land ideal for development in Memphis, TN.
      2849 South Mendenhall Rd, Memphis, TN 38115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,160 SF

      Retail Center with Restaurant Space

      Retail center with restaurant and medical building opportunities.
      5376-5396 Knight Arnold Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Retail Space at Hickory Hill

      Retail space available in high-density Memphis location.
      3653 Hickory Hill Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Industrial Building Available For Lease

      231,000 SF industrial building available for lease in October 2025.
      4100 Quest Way, Memphis, TN 38115
      View Details
    • Contact for pricing

      High-Visibility Retail Center for Lease

      Retail center with high traffic, strong tenant mix, recent upgrades.
      6740 Winchester Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Retail Center in Memphis, Tennessee

      Neighborhood retail center at a busy intersection, 100% leased.
      3151 S Mendenhall Rd, Memphis, TN 38115
      View Details
    • $12 SF/Yr
      1,200 SF

      Retail Space with Kitchen

      Retail space featuring a kitchen, storage, and restroom.
      3669-3883 S Mendenhall Rd, Memphis, TN 38115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6301 Vlg Grv Dr
    Memphis, TN 38115-8119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!