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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Hotels
79 Madison Ave Memphis, TN 38103-2137
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3176926
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1905
Total area
78,412 SF
Lot
0.11 ac (4,704 SF)
Zoning code
CBD
APN
002-038- - -00002
UPID
US80-3176926
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
-
Hu Hotel Hotel & Motel
-
Lucy's Cafe & Coffee Shop
-
Hu. Roof Bar & Pub
-
Memphis Behavioral Health EHR Software Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
$9.08M
Comparable Approach
Comparable
$5.34M
Blend (final)
Blend
$7.00M
Owner & transaction history
Tch 79 Madison Gp · 1 yrs held
Tch 79 Madison Gp
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.2M
+110.1%
Office building
$8.0M
+49.5%
Auto repair, garage
$7.6M
+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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
$9,835,000
6.5%
$9,075,000
7%
$8,430,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,340,000
Current use
MEDICAL BUILDING
$11,215,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$7,980,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,600,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,975,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,755,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$4,760,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Nov 19 2024)
Last sale anchor
$7.00M
Nov 19 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
$89 / 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
$162,192
Tax year 2023
Land market value
$138,400
Improvement market value
$16,155,500
Total market value
$16,293,900
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
Status
Off-Market
Year built
1905
Heating
FORCED AIR
Cooling
CENTRAL
Stories
14
Total area
78,412 SF
Lot
0.11 ac (4,704 SF)
Zoning code
CBD
APN
002-038- - -00002
UPID
US80-3176926
Jurisdiction
SHELBY
Zoning & alternative use
CBD · Memphis, TN
Zoning CBD · permitted uses
CBD · 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
$5.3M
MEDICAL BUILDING
Est. value
$11.2M
OFFICE BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
RETAIL STORES
Est. value
$4.8M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1905
Heating
FORCED AIR
Cooling
Yes
Stories
14
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tch 79 Madison Gp
Individual
Free & Clear · 1 yrs held
Mailing address
833 W WASHINGTON BLVD, CHICAGO, IL 60607-2331
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$7,000,000
Tch 79 Madison Gp
1 South Main LLC
Special Warranty Deed
—
Oct 1, 2024
$1,000
79 Madison Avenue LLC
Memphis Center City Revenue Finance
Quit Claim Deed
related
—
Jul 1, 2016
—
79 Madison Avenue LLC
Wilmont Hotel LP
Quit Claim Deed
related
—
Aug 30, 2000
—
Memphis Center City Revenue
Wilmont Hotel LP
Quit Claim Deed
related
—
Jun 2, 1999
—
Wilmont Hotel LP
Broadfoot,walter M
Quit Claim Deed
related
—
Mar 8, 1999
$325,000
Walter M Broadfoot
First American National Bank
Trustees Deed
—
—
—
Wall Street Hotel LLC
—
Loan Modification
related
$12,200,000 · Republic Bk/chicago
—
—
Wall Street Hotel LLC
—
Loan Modification
related
$12,200,000 · Republic Bk/chicago
—
—
79 Madison Avenue LLC
—
Deed Of Trust
related
$20,000,000 · Bank Of America
—
—
Memphis Center City Revenue Fi
—
Deed Of Trust
related
$7,200,000 · Republic Bank
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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