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Property profile & analytics
OFF-MARKET Estimated value $1,220,000
Garden apartment buildings

884 Kerr Ave Memphis, TN 38106-5747

10,368 SF 1.27 ac lot Built 1965
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-0698328
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1965
Total area 10,368 SF
Lot 1.27 ac (55,321 SF)
Zoning code CMU-1
APN 014-038- - -00024-C
UPID US80-0698328
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.18M
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.22M
Owner & transaction history
Kerr Ave Partners LLC · 2 yrs held
Kerr Ave Partners LLC
since 2023
Last sale
$1.3M
3 recorded transactions
2023
$1.3M
2023
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
Top alternative use upside
Medical building $1.5M +108.3%
Office building $1.2M +73.7%
Auto repair, garage $1.0M +41.2%
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