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Property profile & analytics
OFF-MARKET Estimated value $525,000
Turn key restaurants

117 Un Ave Memphis, TN 38103-5107

18,321 SF 0.15 ac lot Built 1913
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US80-1628017
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1913
Total area 18,321 SF
Lot 0.15 ac (6,360 SF)
Zoning code CBD
APN 002-053- - -00003
UPID US80-1628017
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
  • Eerie Sr22 Insurance Company Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$691k
Blend (final) Blend
$525k
Owner & transaction history
Asapp Properties LLC · 6 yrs held
Asapp Properties LLC
since 2019
7 recorded transactions
2022
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LUCB: The Memphis and Shelby County Land Use Control Board. I. MLGW: Memphis Light, Gas and Water. J. MOC: Memorandum of Conformance K. MPO: M…

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 323.60 ac
Source CHAPTER 1
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