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Property profile & analytics
OFF-MARKET
Drive through restaurants
1636 Winchester Rd, Memphis, TN 38116-3518
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1346559
Property summary
AI-generated overview
This thriving Memphis restaurant presents a rare investment opportunity. Located at 1636 Winchester Rd, in Shelby County, Tennessee, zip code 38116, this 1,760 square foot free-standing building offers a turnkey operation. The property, built in 1970, boasts a successful history, having operated as a beloved local Italian restaurant since 1977. The asking price is $230,000, translating to $130.68 per square foot. The restaurant benefits from ample parking, a significant advantage in a high-traffic area. Recent improvements include a roof replacement in 2022 and a relatively new HVAC system, minimizing immediate capital expenditure needs. Its convenient location, with a McDonald's nearby, ensures high visibility and consistent customer flow. This is a chance to acquire a well-established business with a proven track record, ready for immediate income generation. The property is currently tenant-occupied; showings are by appointment only. Don't miss this chance to own a piece of Memphis' culinary scene.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1970
Total area
1,760 SF
Lot
0.58 ac (25,352 SF)
Zoning code
EMP
APN
078-004- - -00043
UPID
US80-1346559
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
-
Valle's Italian Rebel 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
by Request
Owner & transaction history
Little Tiger LLC · 3 yrs held
Little Tiger LLC
since 2022
Last sale
$192,000
4 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,429
Tax year 2022
Assessed value
$39,880
Assessed 2023
Previous assessed
$39,880
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$29,720
Assessed improvement
$10,160
Land market value
$74,300
Improvement market value
$25,400
Total market value
$99,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,760 SF
Lot
0.58 ac (25,352 SF)
Zoning code
EMP
APN
078-004- - -00043
UPID
US80-1346559
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Little Tiger LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9699 LEEWARD SLOPES DR, LAKELAND, TN 38002-8302
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$175,000
Little Tiger LLC
Andrews Properties LLC
Special Warranty Deed
—
Dec 14, 2001
—
Andrews Properties LLC
Andrews,maryanne A
Quit Claim Deed
related
—
Dec 10, 2001
—
Andrews Properties LLC
—
Deed Of Trust
related
$1,000,000 · First National Bank
Jan 22, 1999
—
Andrews Properties LLC
Andrews,david S & Oma S
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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