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Property profile & analytics
FOR SALE
Hotels
6520 Mount Moriah Road Ext Memphis, TN 38115
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0682346
For Sale
1 / 2
$347,800
6520 Mount Moriah Road Ext, Memphis, TN 38115
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Total area
46,275 SF
Lot
2.74 ac (119,354 SF)
Zoning code
CMU-2
APN
093-204- -B-00003-C
UPID
US80-0682346
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$3.96M
Owner & transaction history
Kirby Hotel Group LLC · 2 yrs held
Kirby Hotel Group LLC
since 2023
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.1M
+30.7%
Office building
$3.8M
+21.5%
Neighborhood: shopping center
$3.4M
+7.8%
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
$3,875,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
$5,805,000
6.5%
$5,355,000
7%
$4,975,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,150,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,115,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$3,825,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,395,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,200,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$3,045,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10% · vs last sale $4.02M (Sep 27 2023)
Last sale anchor
$4.02M
Sep 27 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
$85 / 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
$74,320
Tax year 2022
Assessed value
$1,220,040
Assessed 2023
Previous assessed
$1,220,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$176,800
Assessed improvement
$1,043,240
Land market value
$442,000
Improvement market value
$2,608,100
Total market value
$3,050,100
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
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
46,275 SF
Lot
2.74 ac (119,354 SF)
Zoning code
CMU-2
APN
093-204- -B-00003-C
UPID
US80-0682346
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.0M
HOTEL/MOTEL Current
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.74 ac
Current owner
From public records · entity-resolved
Kirby Hotel Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3067 WINDSTONE WAY, GERMANTOWN, TN 38138-7383
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$4,023,027
Kirby Hotel Group LLC
Esh Tn Properties LLC
Special Warranty Deed
—
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 Of Esa Properties LLC
Esa Tennessee 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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