Technical
Financial
Distress signals
Property profile

2477 Summer Ave Memphis, TN 38112

OFF-MARKET
Grocery and convenience stores
Property ID
US80-0108743
2,400 SF 0.84 ac lot Built 1999
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1999
Total area 2,400 SF
Lot 0.84 ac (36,678 SF)
Zoning code CMU-1
APN 033-020- - -00001-C
UPID US80-0108743

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Car Wash
  • Grocery & Convenience Store

Location

2477 Summer Ave Memphis, TN 38112-2627
Memphis metro Census 1500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2013
5 recorded transactions
2016
Price N/A
2013
Price N/A
2011
$400,000
2005
$975,000
1969
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

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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