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Property profile

1173 Shelby Dr Memphis, TN 38116

OFF-MARKET
Turn key restaurants
Property ID
US80-0258605
2,315 SF 0.9 ac lot Built 2023
Last sale Nov 2025 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 2,100 square foot Starbucks with a drive-thru, situated on a 0.9-acre lot at a hard-signalized corner in Memphis, Tennessee. The property boasts a prime location near Graceland (attracting over 500,000 annual visitors), Memphis International Airport (MEM), and Interstate 55, ensuring high visibility and substantial foot and vehicle traffic. The 10-year net lease, commencing August 28, 2023, and expiring August 31, 2033, includes a…

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 · 2023

What does the county charge?
$26k
Tax billed · 2023
Assessed value · 2024$423k
Assessed land$62k
Assessed improvement$361k
Effective rate6.09%

Value estimate

· Oct 2026
$435k
$392k – $479k
AI approach$470k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMU-2
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding n...
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 agency34.6
Building Supply26.9
Wholesale Shop19.8

Location

1173 Shelby Dr Memphis, TN 38116-7153
County assessor Recorded deeds · 14 transfers 8 qualifying comp sales 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3490 Elvis Presley, Memphis, TN 38116-4332 $1,638,336 Jul 2025 2,265 SF
3459 Windcrest, Memphis, TN 38116-3619 $100,000 May 2025 2,784 SF
3440 Elvis Presley, Memphis, TN 38116-3260 $500,000 Apr 2024 2,415 SF
1725 Winchester, Memphis, TN 38116-3617 $250,000 Mar 2024 2,649 SF
4340 Elvis Presley, Memphis, TN 38116-6434 $560,000 Feb 2024 2,757 SF
1505 Brks, Memphis, TN 38116-1903 $249,228 Nov 2023 2,640 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
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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