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Property profile & analytics
OFF-MARKET Estimated value $750,000
Apartment buildings

Cazassa Rd Memphis, TN 38116

10,800 SF 21.05 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0522665
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1971
Construction FRAME
Total area 10,800 SF
Lot 21.05 ac (916,938 SF)
Zoning code RU-3
APN 078-028- - -00298
UPID US80-0522665
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$961k
Blend (final) Blend
$750k
Owner & transaction history
New Horizon Apts LLC · 1 yrs held
New Horizon Apts LLC
since 2024
7 recorded transactions
2024
Price N/A
2013
Price N/A
2013
$150,000
2013
Price N/A
2012
$150,000
2011
Price N/A
2010
$1.5M
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Auto repair, garage $1.2M +28.4%
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