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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1675 Madison Ave Memphis, TN 38104-2506
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3325454
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Construction
FRAME
Total area
2,298 SF
Lot
0.57 ac (25,003 SF)
Zoning code
CMU-3
APN
017-039- - -00012-C
UPID
US80-3325454
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
-
Midtown Euro Auto Repair Shop
-
Madison Express Gas Station
-
El Burrito Expess Restaurant
-
Marathon Gas Gas Station
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
Madison Property INC · 4 yrs held
Madison Property INC
since 2022
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
$9,444
Tax year 2022
Assessed value
$155,040
Assessed 2023
Previous assessed
$155,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$83,480
Assessed improvement
$71,560
Land market value
$208,700
Improvement market value
$178,900
Total market value
$387,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,298 SF
Lot
0.57 ac (25,003 SF)
Zoning code
CMU-3
APN
017-039- - -00012-C
UPID
US80-3325454
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Madison Property INC
Entity
Mailing address
9371 FALCON HL DR, LAKELAND, TN 38002-4909
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Madison Property INC
Gpm Empire LLC
Agreement Of Sale
—
Oct 18, 2021
—
Madison Property INC
Madison Avenue Express INC
Quit Claim Deed
related
$726,478 · Banktennessee
Jul 20, 2018
—
Amarjit S Chaudhry
—
Deed
related
$772,732 · Bank Of Fayette Cnty
Feb 26, 2013
$435,000
New Dev LLC
Silfab Investments LLC
Warranty Deed
$3,638 · Triumph Bank
Jan 23, 2008
$200,000
Silfab Investments LLC
Siskin Laverne L
Warranty Deed
$240,000 · First Capital Bank Ssb
Apr 17, 1998
$13,751
Milton Siskin
Siskin,laverne L
Quit Claim Deed
related
—
Apr 17, 1998
$4,583
Milton Siskin
Greenspan,jean
Quit Claim Deed
related
—
—
—
New Dev LLC
—
Deed Of Trust
related
$175,000 · Willoughby INC
—
—
Silfab Investments LLC
—
Deed Of Trust
related
$272,000 · First State Bank
—
—
Amarjit S Chaudhry
—
Deed Of Trust
related
$772,732 · Bank Of Fayette Cnty
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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