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Property profile & analytics
FOR SALE
Bars & Pubs
2586 Poplar Ave Memphis, TN 38112
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3240286
No photos on file
For Sale
Contact for pricing
2586 Poplar Ave, Memphis, TN 38112
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1922
Total area
2,252 SF
Lot
0.56 ac (24,568 SF)
Zoning code
CMU-1
APN
033-031- - -00001
UPID
US80-3240286
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
-
Rock House Live Midtown Bar & Pub
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
Poplar Investment Group LLC · 4 yrs held
Poplar Investment Group LLC
since 2022
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
CMU-1 · 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
$6,423
Tax year 2022
Assessed value
$105,440
Assessed 2023
Previous assessed
$105,440
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$58,720
Assessed improvement
$46,720
Land market value
$146,800
Improvement market value
$116,800
Total market value
$263,600
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1922
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Total area
2,252 SF
Lot
0.56 ac (24,568 SF)
Zoning code
CMU-1
APN
033-031- - -00001
UPID
US80-3240286
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
1922
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
0.56 ac
Current owner
From public records · entity-resolved
Poplar Investment Group LLC
Entity
Mailing address
360 NEW BYHALIA RD, COLLIERVILLE, TN 38017-3706
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
—
Poplar Investments Group LLC
—
Deed
related
$1,774,212 · Independent Bank
Mar 28, 2022
—
Poplar Investment Group LLC
360 Properties Of Tn INC
Quit Claim Deed
related
$1,774,212 · Independent Bank
Jan 10, 2019
$300,000
360 Properties Of Tn INC
William W Jones II
Warranty Deed
$231,712 · Renasant Bank
May 30, 2018
—
William W Jones III
Drew,gregg
Quit Claim Deed
related
—
Jun 9, 2017
—
Gregg Drew
Drew,joseph L
Quit Claim Deed
related
—
Jan 8, 2010
—
Joseph L Drew
Drew,gregg
Quit Claim Deed
related
—
Nov 2, 2001
$20,000
Gregg Drew
Pacenete,paul
Grant Deed
—
—
—
William W Jones II
—
Deed Of Trust
related
$25,000 · Commercial Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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