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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Apartment buildings
931 Frayser Blvd Memphis, TN 38127
Entity Owned
4-yr Hold
Property ID
US80-3403208
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
6,536 SF
Lot
6 ac (261,273 SF)
Zoning code
RU-3
APN
069-004- - -00159
UPID
US80-3403208
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
-
Westside manor apartments Apartment Complex Townhouse Complex
-
Kitchens Baths and More General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Westside Manor LLC · 4 yrs held
Westside Manor LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+246.2%
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
$2,105,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,015,000
Change: +246% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10% · vs last sale $2.65M (Feb 14 2022)
Last sale anchor
$2.65M
Feb 14 2022
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
$363 / 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
$13,560
Tax year 2022
Assessed value
$222,600
Assessed 2023
Previous assessed
$222,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$50,360
Assessed improvement
$172,240
Land market value
$125,900
Improvement market value
$430,600
Total market value
$556,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
1
Units
8
Bathrooms
20
Total area
6,536 SF
Lot
6 ac (261,273 SF)
Zoning code
RU-3
APN
069-004- - -00159
UPID
US80-3403208
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-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
RESTAURANT
Est. value
$2.0M
RESTAURANT
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
13
Units
8
Bathrooms
20
Lot
6 ac
Current owner
From public records · entity-resolved
Westside Manor LLC
Entity
Mailing address
931 FRAYSER BLVD, MEMPHIS, TN 38127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$2,650,000
Westside Manor LLC
New Forest Park Apartments LLC
Warranty Deed
$5,482,500 · A&s Capital LLC
Jan 30, 2017
$485,000
New Forest Park Apartments LLC
Community Housing Dev LLC
Grant Deed
—
Oct 7, 2015
$260,000
Community Housing Dev LLC
Mrc Memphis LLC
Grant Deed
—
Oct 3, 2013
$1,200,000
Mrc Memphis LLC
Sanger Charles S
Trustees Deed
—
Aug 7, 2009
$2,200,000
Group 40 LLC
Whitney Frayser Mnr Memphis Ll
Grant Deed
$1,500,000 · Madison Realty Capital LP
May 5, 2009
$1,200,000
Whitney Frayser Mnr Memphis Ll
Sanger Charles S
Trustees Deed
—
Mar 26, 2007
$1,250,000
Frayser Mnr Real Prop Holdings
Whitney Dawn Crest INC
Grant 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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