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Property profile & analytics
OFF-MARKET
Estimated value
$4,510,000
Hotels
85 Ct Ave Memphis, TN 38103-2204
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1119312
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Total area
69,216 SF
Lot
0.51 ac (22,041 SF)
Zoning code
CBD
APN
002-005- - -00002-C
UPID
US80-1119312
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
-
SpringHill Suites Memphis Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.51M
Owner & transaction history
The Court LLC · 5 yrs held
The Court LLC
since 2021
3 recorded transactions
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.0M
+49.5%
Auto repair, garage
$6.7M
+42.4%
Apartment house (5+ units)
$6.2M
+30.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,710,000
Current use
OFFICE BUILDING
$7,045,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,710,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,155,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,080,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$4,205,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±10%
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
$65 / 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
$250,427
Tax year 2022
Assessed value
$4,111,000
Assessed 2023
Previous assessed
$4,111,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$264,000
Assessed improvement
$3,847,000
Land market value
$660,000
Improvement market value
$9,617,500
Total market value
$10,277,500
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
2002
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Units
102
Total area
69,216 SF
Lot
0.51 ac (22,041 SF)
Zoning code
CBD
APN
002-005- - -00002-C
UPID
US80-1119312
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
$4.7M
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
RETAIL STORES
Est. value
$4.2M
HOTEL/MOTEL Current
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
102
Lot
0.51 ac
Current owner
From public records · entity-resolved
The Court LLC
Entity
Free & Clear · 5 yrs held
Mailing address
800 SIDNEY MARCUS BLVD NE #206, ATLANTA, GA 30324-5652
Ownership since
2021
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 20, 2021
$1,000
The Court LLC
Memphis Center City Revenue Finance
Quit Claim Deed
related
—
Dec 8, 2014
—
Memphis Center City Revenue Fi
—
Grant Deed
related
$10,400,000 · Trustmark Nat'l Bk
Dec 29, 2000
—
Memphis Center City Revenue
Thg Court 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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