Property profile

2646 Summer Ave Memphis, TN 38112

OFF-MARKET
Warehouses
Property ID
US80-0869555
57,998 SF 2.62 ac lot Built 1964
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1964
Total area 57,998 SF
Lot 2.62 ac (114,127 SF)
Zoning code EMP
APN 052-041- - -00022
UPID US80-0869555

Cap rate & NOI

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

Location

2646 Summer Ave Memphis, TN 38112-2822
Memphis metro Census 1500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$495k

Owner & transaction history

since 2018
6 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$775,000
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

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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