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

    777 Mt Moriah Rd Memphis, TN 38117-5349

    • Apartment buildings
    • 12,239 SF
    • 5.74 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2021
    $1,050,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1266990
    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.

    Current Use by Public Records

    • Century Apartments / Apartment Complex / Apartment Rental Agency

    Property Details for 777 Mt Moriah Rd

    Year built
    1964
    Lot size
    5.74 lot acres
    Property size
    12,239 SF
    Zone code
    RU-3
    Property type
    Apartment buildings
    APN
    065-041- - -00029
    APU
    6504100029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $845,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,033,000
      Market price range: $347k - $1.03M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,090,000
      Current use
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $1,015,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8963
    Latitude
    35.1102
    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
    2022
    $65,183
    $392,000
    $678,040
    $1,070,040
    -
    $980,000
    $1,695,100
    $2,675,100

    Comparable in this City

    • Value Estimation
      $180,000
      10,135 SF

      728 Brookhaven Cir

      APARTMENT HOUSE (5+ UNITS) • 10,135 SF
      728 Brookhaven Cir, Memphis, TN 38117
      View Details
    • Value Estimation
      $3,680,000
      7,560 SF

      4905 Shifri Ave

      APARTMENT HOUSE (5+ UNITS) • 7,560 SF
      4905 Shifri Ave, Memphis, TN 38117-2057
      View Details
    • Value Estimation by Request
      6.74 Acres

      543 Mendenhall Rd

      Multifamily properties • 6.74 Acres
      543 Mendenhall Rd, Memphis, TN 38117
      View Details
    • Value Estimation
      $3,680,000
      7,560 SF

      4935 Shifri Ave

      APARTMENT HOUSE (5+ UNITS) • 7,560 SF
      4935 Shifri Ave, Memphis, TN 38117-2059
      View Details
    • Value Estimation
      $3,500,000
      7,408 SF

      1460 Cherry Rd

      APARTMENT HOUSE (5+ UNITS) • 7,408 SF
      1460 Cherry Rd, Memphis, TN 38117-6415
      View Details
    • Value Estimation
      $3,680,000
      4,712 SF

      540 Shifri

      APARTMENT HOUSE (5+ UNITS) • 4,712 SF
      540 Shifri, Memphis, TN 38117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,922 SF

      Oakleaf Office Lane Building For Sale

      Office building for sale near Poplar Avenue and restaurants.
      651 Oakleaf Office Ln, Memphis, TN 38117
      View Details
    • $350,000
      0.68 Acres

      Residential Land Near Botanic Garden

      Builder-ready lot near Memphis Botanic Garden and other amenities.
      4522 Park Ave, Memphis, TN 38117
      View Details
    • Contact for pricing
      5,922 SF

      Office Buildings Near Poplar Avenue

      Two office buildings totaling 11,844+/- SF near Poplar Avenue.
      641 Oakleaf Office Ln, Memphis, TN 38117
      View Details
    • $508,000
      1.14 Acres

      Residential Lot in Prime Location

      Residential lot near parks, schools, and interstate access.
      901 S Perkins Rd, Memphis, TN 38117
      View Details
    • $895,000
      0.95 Acres

      Belle Meade Lot Ready to Build

      Rare opportunity to build your dream home in Belle Meade.
      326 E Cherry Rd, Memphis, TN 38117
      View Details
    • $155,000
      0.16 Acres

      Residential Land in Gated Community

      Vacant lot in gated East Memphis community, build your dream home.
      507 Henry Hts, Memphis, TN 38117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,255 SF

      East Memphis Retail Center

      Poplar Ave. Shopping Center - Excellent Location
      575 Perkins Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      5,868 SF

      Walgreens Anchored Retail Space

      Retail availability in a Walgreens anchored shopping center.
      5131-5143 Quince Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      6,198 SF

      Office Park with Highway Visibility

      155,000 SF office park with convenient highway access.
      1775 Moriah Woods Blvd, Memphis, TN 38117
      View Details
    • Contact for pricing

      East Memphis Retail Space Available

      Boutique shopping center in prime East Memphis retail node.
      408-430 Perkins Extended, Memphis, TN 38117
      View Details
    • Contact for pricing
      40,000 SF

      Williamsburg Village Retail Center

      Memphis Retail Space: 7 Suites Available
      669-730 Mendenhall Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      95,454 SF

      Quince Station Retail Space Available

      East Memphis retail center; prime location.
      5121 Quince Rd, Memphis, TN 38117
      View Details
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    777 Mt Moriah Rd
    Memphis, TN 38117-5349
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    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
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