Property profile

1459 Corporate Ave Memphis, TN 38132

OFF-MARKET
Auto shops
Property ID
US80-3185862
21,532 SF 1.66 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1985
Total area 21,532 SF
Lot 1.66 ac (72,266 SF)
Zoning code EMP
APN 060-222- - -00352
UPID US80-3185862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1459 Corporate Ave Memphis, TN 38132-1723
Memphis metro Census 22500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$810k
Blend (final) Blend
$890k

Owner & transaction history

since 2023
Last sale
$922,500
2 recorded transactions
2023
$922,500
2008
$709,091

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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