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Property profile & analytics
FOR LEASE
Turn key restaurants

126 Monroe Ave Memphis, TN 38103-2579

5,244 SF 0.03 ac lot Built 1890
Entity Owned 27-yr Hold Free & Clear
Property ID
US80-0174864
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Total area 5,244 SF
Lot 0.03 ac (1,394 SF)
Zoning code CBD
APN 002-058- - -00011
UPID US80-0174864
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
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
O B Cole INC · 27 yrs held
O B Cole INC
since 1998
4 recorded transactions
1998
$40,000
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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