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Property profile & analytics
OFF-MARKET
Automotive properties

2723 Mendenhall Rd Memphis, TN 38115-1505

2,438 SF 0.98 ac lot Built 1993
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-0546603
Property summary
AI-generated overview

This exceptional 2,462 square foot flex space, situated on a one-acre lot at 2723 S Mendenhall Rd in Memphis, Tennessee (zip code 38115), presents a compelling investment opportunity. Previously utilized as a car lot, the property's zoning permits a wide range of commercial ventures. The building boasts multiple private offices, making it suitable for businesses requiring both open and private work areas. Its prime location at a hard-lighted corner, fronting both Mendenhall Road and Fox Plaza Drive, ensures high visibility and accessibility. Ample parking is available, with over 150 spaces accommodating customers, employees, and inventory. Security features include a guard rail and chain link fence, providing peace of mind. The property also benefits from prominent monument signage, enhancing its marketing potential. The asking price for this freestanding building is $595,000. This versatile property is well-suited for a variety of uses, including but not limited to quick-service restaurants (QSRs), auto detail shops, and car rental agencies. Don't miss this chance to acquire a highly visible and functional commercial space in a thriving Memphis location.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1993
Total area 2,438 SF
Lot 0.98 ac (42,689 SF)
Zoning code CMU-3
APN 074-001- -A-00003
UPID US80-0546603
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
  • Waller South Auto Car Dealership
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
A & A Memphis Properties Group · 1 yrs held
A & A Memphis Properties Group
since 2025
Last sale
$570,000
2 recorded transactions
2025
$570,000
1998
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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