Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7950 Centennial Dr Memphis, TN 38125-2376

    • Hotels
    • 49,912 SF
    • 2.21 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2023
    $5,000,000
    Value Estimations
    $4,915,000
    Show details
    Cap Rate Potential
    4.4%
    Hotels
    Location Intelligence
    Property ID
    US80-0507332
    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

    • Touch’d By Tashara / Commercial Cleaning Service
    • Hotel Builders of America / Construction Company

    Property Details for 7950 Centennial Dr

    Year built
    2009
    Lot size
    2.21 lot acres
    Property size
    49,912 SF
    Zone code
    CMU-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    D02-42 - - -00459
    APU
    D024200459

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,815,000
      ML approach
      $5,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,555,000
      6.5%
      $3,285,000
      7%
      $3,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,680,000
      Market price range: $1.15M - $5.05M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,400,000
      Current use
      MEDICAL BUILDING
      $7,140,000
      Change: +110% Conversion: Difficult
      OFFICE BUILDING
      $5,955,000
      Change: +75% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,840,000
      Change: +42% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,440,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $4,140,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,665,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7981
    Latitude
    35.0445
    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
    $70,452
    $154,320
    $1,923,920
    $2,078,240
    -
    $385,800
    $4,809,800
    $5,195,600

    Comparable in this City

    • Value Estimation
      $1,905,000
      43,504 SF

      7060 Riverdale Bnd Rd

      HOTEL/MOTEL • 43,504 SF
      7060 Riverdale Bnd Rd, Memphis, TN 38125-4430
      View Details
    • Value Estimation
      $2,530,000
      50,376 SF

      4068 Stansell Ct

      HOTEL/MOTEL • 50,376 SF
      4068 Stansell Ct, Memphis, TN 38125-2871
      View Details
    • Value Estimation by Request
      5,884 SF

      3583 Hacks Cross Rd

      HOTEL/MOTEL • 5,884 SF
      3583 Hacks Cross Rd, Memphis, TN 38125-8803
      View Details
    • Value Estimation
      $3,495,000
      72,680 SF

      3579 Hacks Cross Rd

      HOTEL/MOTEL • 72,680 SF
      3579 Hacks Cross Rd, Memphis, TN 38125-8803
      View Details
    • Value Estimation
      $1,685,000
      36,969 SF

      7967 Lowrance Rd

      HOTEL • 36,969 SF
      7967 Lowrance Rd, Memphis, TN 38125-2826
      View Details
    • Value Estimation
      $3,180,000
      59,226 SF

      4090 Stansell Ct

      HOTEL • 59,226 SF
      4090 Stansell Ct, Memphis, TN 38125-2871
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,584 SF

      Memphis Hotel Investment Opportunity

      Newly renovated 89-room Holiday Inn Express
      4068 Stansell Ct, Memphis, TN 38125
      View Details
    • Contact for pricing
      66,989 SF

      Memphis Sheraton Hotel Investment

      93-Room Hotel, Prime Location, High ROI
      4090 Stansell Ct, Memphis, TN 38125
      View Details
    • $130,000
      2.08 Acres

      2.08 Acres Land in Memphis

      2.08-acre lot to build your dream home.
      Memphis, TN 38125
      View Details
    • Contact for pricing

      Land Parcels For Sale/Lease

      Three land parcels available at Winchester and Forest Hill Irene.
      3785 Forest Hill Irene Rd, Memphis, TN 38125
      View Details
    • $500,000
      2.68 Acres

      Memphis Land: 2.68 Acres

      Prime Commercial/Residential Land
      0 Tyndale Dr, Memphis, TN 38125
      View Details
    • Contact for pricing
      1,240 SF

      Class A Office Space Available

      Class A office space for rent in Memphis, Tennessee.
      3263 E Sarazens Cir, Memphis, TN 38125
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,605 SF

      Retail Space on Winchester Road

      Retail space for lease in Memphis, close to major highways.
      7210 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing
      5,482 SF

      Restaurant Space Near Major Roadways

      5,842 SF restaurant space on 1.3 acres for lease.
      7535 Winchester Rd, Memphis, TN 38125
      View Details
    • $21 SF/Yr
      11,331 SF

      Office Space in Southwind Center

      Office space available in Memphis' Southwind Office Center.
      3340 Players Club Pkwy, Memphis, TN 38125
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Polo Grounds

      Retail space available on Polo Grounds Blvd, Memphis.
      7686-7766 Polo Grounds Blvd, Memphis, TN 38125
      View Details
    • $18 SF/Yr
      7,000 SF

      Prime Memphis Office Space

      Ground floor, 2,000 sq ft available
      3249 Sarazens Cir, Memphis, TN 38125
      View Details
    • $21 SF/Yr
      3,695 SF

      Office Space in Southwind

      Office space available in a well-established office center.
      8275 Tournament Dr, Memphis, TN 38125
      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.
    7950 Centennial Dr
    Memphis, TN 38125-2376
    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!