Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

657 Chelsea Ave Memphis, TN 38107

FOR SALE
Day care centers
Property ID
US80-3327294
13,452 SF 1.05 ac lot Built 1956
Last sale May 2020 · $125,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 13,000 square foot storefront property, located at 657 Chelsea Avenue in Memphis, Tennessee, presents a compelling investment opportunity. Built in 1956, this Class C retail space sits on a 1.05-acre lot and benefits from CH-Mixed use zoning, offering considerable flexibility for future development. The single-tenant building is ideally situated for optimal business exposure, boasting high visibility and convenient access. A key advantage is its proximity to significant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value · 2023$108k
Assessed land$22k
Assessed improvement$86k
Effective rate6.09%

Value estimate

· Oct 2026
$330k
$297k – $363k
NOI build-up
Gross scheduled income$195k
Vacancy & credit loss−$10k
Operating expenses−$56k
NOI · 21.61% cap applied$130k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$51/SF
Submarket average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$33 – $76

Cap rate analysis

How does the asset earn?
21.61%
$130k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MU
C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, tow...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.3
Spa & Massage16.2
Law Firm14.4

Location

657 Chelsea Ave Memphis, TN 38107
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
975 Thomas, Memphis, TN 38107-3859 $257,500 Oct 2024 8,675 SF
1279 Vollintine, Memphis, TN 38107-2851 $70,000 Dec 2022 1,668 SF
896 Jackson, Memphis, TN 38107-4051 $25,000 Jan 2022 1,578 SF
1396 Jackson, Memphis, TN 38107-4452 $225,000 Mar 2021 3,988 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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
Why this one?
Saved
Reason not saved — we won't ask again