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Property profile & analytics
OFF-MARKET
Estimated value
$4,915,000
Hotels
7950 Centennial Dr Memphis, TN 38125-2376
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0507332
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
49,912 SF
Lot
2.21 ac (96,442 SF)
Zoning code
CMU-3
APN
D02-42 - - -00459
UPID
US80-0507332
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
-
Touch’d By Tashara Commercial Cleaning Service
-
Hotel Builders of America Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.08M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$4.92M
Owner & transaction history
7950 Centennial Partners LLC · 2 yrs held
7950 Centennial Partners LLC
since 2024
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+110.1%
Office building
$6.0M
+75.2%
Auto repair, garage
$4.8M
+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
$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
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
Blend value · Realmo final
$4.92M
Range $4.42M – $5.41M · ±10% · vs last sale $5.00M (Dec 29 2023)
Last sale anchor
$5.00M
Dec 29 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
$98 / 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
$70,452
Tax year 2022
Assessed value
$2,078,240
Assessed 2023
Previous assessed
$2,078,240
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$154,320
Assessed improvement
$1,923,920
Land market value
$385,800
Improvement market value
$4,809,800
Total market value
$5,195,600
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
Off-Market
Year built
2009
Heating
SPACE
Cooling
CENTRAL
Stories
3
Units
96
Total area
49,912 SF
Lot
2.21 ac (96,442 SF)
Zoning code
CMU-3
APN
D02-42 - - -00459
UPID
US80-0507332
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
$3.4M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Heating
SPACE
Cooling
Yes
Stories
3
Units
96
Lot
2.21 ac
Current owner
From public records · entity-resolved
7950 Centennial Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7950 CENTENNIAL DR, MEMPHIS, TN 38125-2376
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
$5,000,000
7950 Centennial Partners LLC
Memphis Hospitality LLC
Re-recorded Document
related
—
Dec 29, 2023
$5,000,000
7950 Centennial Partners LLC
Memphis Hospitality LLC
Special Warranty Deed
$6,467,200 · Scale Bank
Jun 1, 2010
—
Memphis Hospitality Group LLC
Hi Of Carbondale LLC
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.
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