Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6255 Winchester Rd Memphis, TN 38115

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Drive-thru, high-traffic location, renovated 2022

    Property size:
    1,178 SF

    Property Features for 6255 Winchester Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,178 SF
    Class
    B
    Lot Size
    6,098 SF

    Building Details

    Year Built/Renovated
    1994/2022

    We can help!

    Listing Contact
    Arthur Malkin
    Arthur Malkin

    Listing Agency: MMIC Inc Listing Agent: Arthur Malkin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,178 square foot Class B restaurant building in Memphis, Tennessee, presents a fantastic owner-user opportunity. Located at 6255 Winchester Rd, in Shelby County (zip code 38115), this vacant property boasts a double drive-thru and a vent hood, making it ideal for quick-service restaurants. Built in 1994 and extensively renovated in 2022, the building sits on a 0.14-acre lot and is zoned CMU-2. The property features easy ingress and egress, a significant advantage for high-volume businesses. Its strategic location offers superb visibility and accessibility, being just minutes from Highway 385 and Interstate 240, ensuring high traffic volume. The asking price is $595,000. The net rentable square footage is 1,178 square feet. This is a turn-key opportunity for an owner-operator seeking a well-situated, ready-to-occupy restaurant space in a high-demand area. Don't miss this chance to establish your business in a prime Memphis location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    18 Ways Wings ... Restaurant The Pull Thru Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.854359393133
    Latitude
    35.049417992329

    Nearby Similar for Sale

    • New
      Contact for pricing
      2,000 SF

      Retail Opportunity in Broad Avenue

      Retail space in a growing Memphis business district.
      2535 Broad Ave, Memphis, TN 38112
      View Details
    • $195,000

      Restaurant, Warehouse, and Land Package

      Restaurant, warehouse, and additional parcels available for purchase.
      3145 N Watkins St, Memphis, TN 38127
      View Details
    • Contact for pricing
      1,600 SF

      Germantown Office Space Available

      Office space for lease in Germantown, Tennessee.
      9056 Corporate Gardens Dr, Germantown, TN 38138
      View Details
    • $400,000

      Mixed-Use Condo in Downtown Memphis

      Versatile condo with office, business, and residential spaces combined.
      95 S Main St, Memphis, TN 38103
      View Details
    • $500,000

      Downtown Memphis Office Space

      Two-story office space in downtown Memphis near landmarks.
      66 Monroe Ave, Memphis, TN 38103
      View Details
    • New
      $75,900

      Affordable Memphis Office Space

      Well-located office space with owner financing in Memphis, TN.
      5507 Winchester Ave, Memphis, TN 38115
      View Details
    • New
      $75,900

      Turn-Key Salon Opportunity

      Fully equipped salon space for sale in Memphis, Tennessee.
      5507 Winchester Ave, Memphis, TN 38115
      View Details
    • $1,600,000
      13,455 SF

      Memphis Light Industrial/Manufacturing Opportunity

      Versatile flex/warehouse space with office, convenient location, and dual power.
      6735 Whitten Rd, Memphis, TN 38133
      View Details
    • $229,900
      1.00 Acre

      Operating Auto Shop For Sale

      Operating auto shop with equipment, tools, and office space.
      1775 Frayser Blvd, Memphis, TN 38127
      View Details
    • $149,900

      Turn-Key Medical Office Space

      Move-in ready medical office near hospitals and major routes.
      1900 Kirby Ave, Germantown, TN 38138
      View Details
    • $399,900

      Established Restaurant with Outdoor Seating

      Turnkey restaurant with equipment, parking, and outdoor patio.
      733 Chelsea Ave, Memphis, TN 38107
      View Details
    • $675,000

      Memphis Commercial Property For Sale

      High-traffic location near Nike and Amazon, suitable for various uses.
      2804 Frayser Blvd, Memphis, TN 38127
      View Details

    FAQs

    What type of property is this?
    Restaurant - Drive-thru, high-traffic location, renovated 2022
    Where is this restaurant located?
    The property is located at 6255 Winchester Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Free-standing retail/restaurant building with double drive-thru and installed vent hood.; Excellent ingress/egress.; Convenient location near Hwy 385 and I-240.
    (901) 761-1002 Call to check price and availability
    Request Owner's contact information
    6255 Winchester Rd Memphis, TN 38115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6255 Winchester Rd
    Memphis, TN 38115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6255 Winchester Rd Memphis, TN 38115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arthur Malkin
    Arthur Malkin
    Real Estate License ID: 253811
    (901) 761-1002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!