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Property profile & analytics
OFF-MARKET Estimated value $2,120,000
Drive through restaurants

1585 Chickering Ln Memphis, TN 38016-8698

5,278 SF 1.01 ac lot Built 1998
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1571598
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1998
Total area 5,278 SF
Lot 1.01 ac (43,996 SF)
Zoning code CA
APN 096-500- - -00589
UPID US80-1571598
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
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.12M
Owner & transaction history
Best Prop 300 LLC · 3 yrs held
Best Prop 300 LLC
since 2023
Last sale
$2.2M
7 recorded transactions
2023
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 located within an enclosed building. I. Art or Photo Studio or Gallery The following standards apply to art or photo studios or galleries permitte…

Zone name Conservation Agriculture
General category AGRICULTURAL
Zone area 13,836.44 ac
Source CHAPTER 1
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