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Property profile & analytics
OFF-MARKET Estimated value $315,000
Drive through restaurants

1279 Ridgeway Rd Memphis, TN 38119-5316

2,343 SF 0.96 ac lot Built 1991
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US80-0971257
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1991
Total area 2,343 SF
Lot 0.96 ac (41,861 SF)
Zoning code CMU-2
APN 081-004- - -00044
UPID US80-0971257
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
  • Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k
Owner & transaction history
Mmb Memphis Real Estate · 15 yrs held
Mmb Memphis Real Estate
since 2010
Last sale
$2.0M
2 recorded transactions
2010
$902,309
1969
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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