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Property profile & analytics
OFF-MARKET Estimated value $1,910,000
Turn key restaurants

145 Main St Memphis, TN 38103-3615

10,200 SF 0.14 ac lot Built 1949
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-1343698
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Total area 10,200 SF
Lot 0.14 ac (6,186 SF)
Zoning code CBD
APN 002-043- - -00013
UPID US80-1343698
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
  • The Majestic Grille Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M
Owner & transaction history
Memphis Center City Revenue Finance · 3 yrs held
Memphis Center City Revenue Finance
since 2023
1 recorded transaction
2023
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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