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Property profile & analytics
OFF-MARKET Estimated value $2,505,000
Car washes

1650 Germantown Rd Memphis, TN 38138

9,222 SF 0.83 ac lot Built 1998
Entity Owned 3-yr Hold Free & Clear
Property ID
US80-3432019
Property profile
Verified
Property type Car washes
Use group CAR WASH - AUTOMATED
Year built 1998
Total area 9,222 SF
Lot 0.83 ac (36,024 SF)
Zoning code RU-3
APN 096-500- - -00563
UPID US80-3432019
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
$2.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$2.51M
Owner & transaction history
National Retail Properties INC · 3 yrs held
National Retail Properties INC
since 2023
Last sale
$2.6M
7 recorded transactions
2023
$2.6M
2023
Price N/A
2022
$2.6M
2015
$950,000
2014
Price N/A
2011
$115,970
2004
$1.4M
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $2.8M +217.7%
Office building $2.7M +206.6%
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