Property profile

2702 Perkins Rd Memphis, TN 38118

OFF-MARKET
Drive through restaurants
Saved · see the list in your Dashboard
Property ID
US80-0475283
2,167 SF 0.75 ac Built 1996
Last sale Feb 2025·$2,146,368
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional investment opportunity features a 2,200 sq ft Taco Bell in Memphis, TN, on a 0.75-acre lot with 29 parking spaces. The property boasts a strong 6.00% cap rate, a long-term absolute NNN lease with 13.2 years remaining and six 5-year options, and 10% rent bumps every 5 years. Built in 1991 and renovated in 2019, this fee-simple property generates a substantial NOI of $134,148. The tenant, a subsidiary of a highly successful restaurant group, ensures a stable income stream. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$167k
Assessed land$66k
Assessed improvement$101k
Effective rate6.09%

Value estimate

· Nov 2026
$230k
$207k – $253k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMU-3
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require hi...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency40.5
Building Supply34.0
Dental Office26.5

Location

2702 Perkins Rd Memphis, TN 38118-2429
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5305 Winchester, Memphis, TN 38118-5580 $2,300,000 Jan 2026 2,124 SF
2831 Perkins, Memphis, TN 38118-2432 $550,000 Jan 2025 3,288 SF
3770 Shelby, Memphis, TN 38118-7261 $1,916,667 Oct 2024 3,474 SF
4272 Winchester, Memphis, TN 38118-6298 $250,000 Apr 2024 2,628 SF
4260 Winchester, Memphis, TN 38118-6298 $725,000 Mar 2024 3,000 SF
5315 Knight Arnold, Memphis, TN 38118-3540 $1,150,000 Mar 2024 1,972 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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