Property profile

2508 Summer Ave Memphis, TN 38112

OFF-MARKET
Auto shops
Property ID
US80-0169985
2,140 SF 0.44 ac lot Built 1940
Individually Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Construction FRAME
Total area 2,140 SF
Lot 0.44 ac (19,036 SF)
Zoning code CMU-3
APN 052-039- - -00005
UPID US80-0169985

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
  • Car Dealership

Location

2508 Summer Ave Memphis, TN 38112-2619
Memphis metro Census 1500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

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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