Property profile

2615 Broad Ave Memphis, TN 38112

OFF-MARKET
Turn key restaurants
Property ID
US80-0090871
3,600 SF 0.16 ac lot Built 1920
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction FRAME
Total area 3,600 SF
Lot 0.16 ac (6,970 SF)
Zoning code CMU-1
APN 033-041- - -00013
UPID US80-0090871

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
  • Grocery & Convenience Store Specialty Food Shop
  • Tattoo & Piercing Shop

Location

2615 Broad Ave Memphis, TN 38112-2615
Memphis metro Census 2700 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2015
6 recorded transactions
2015
$555,000
2015
Price N/A
2007
Price N/A
2005
$66,000
2002
$73,500
2002
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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