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Property profile & analytics
OFF-MARKET Estimated value $120,000
Bars & Pubs

2002 Chelsea Ave Memphis, TN 38108-2262

1,345 SF 0.29 ac lot Built 1958
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-1842206
Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1958
Total area 1,345 SF
Lot 0.29 ac (12,589 SF)
Zoning code CMU-3
APN 041-015- - -00025
UPID US80-1842206
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
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k
Owner & transaction history
Rrl Investments LLC · 2 yrs held
Rrl Investments LLC
since 2024
Last sale
$120,000
6 recorded transactions
2024
Price N/A
2021
$120,000
2014
$29,000
2014
Price N/A
1999
$70,000
1999
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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