Property profile

2675 Summer Ave Memphis, TN 38112

OFF-MARKET
Sports & entertainment properties
Property ID
US80-2779158
23,072 SF 4.26 ac lot Built 2021
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 2021
Total area 23,072 SF
Lot 4.26 ac (185,609 SF)
Zoning code CMU-1
APN 033-042- - -00020
UPID US80-2779158

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
  • Training Center
  • Hotel & Motel Resort

Location

2675 Summer Ave Memphis, TN 38112-2821
Memphis metro Census 1500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$615k

Owner & transaction history

since 2018
4 recorded transactions
2020
Price N/A
2018
$375,000
2012
$187,000
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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