Property profile

2029 Covington Pike Memphis, TN 38128

OFF-MARKET
Auto shops
Property ID
US80-0055886
9,410 SF 1.07 ac lot Built 1986
Entity Owned Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1986
Total area 9,410 SF
Lot 1.07 ac (46,435 SF)
Zoning code CMU-3
APN 088-039- - -00042
UPID US80-0055886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2029 Covington Pike Memphis, TN 38128-6903
Memphis metro Census 20610 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$591k
Blend (final) Blend
$515k

Owner & transaction history

since 2026
Last sale
$650,000
5 recorded transactions
2026
Price N/A
2022
Price N/A
2013
Price N/A
2004
Price N/A
2004
$650,000

Zoning & alternative use

CMU-3 · Memphis, TN
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 w…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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