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Property profile & analytics
OFF-MARKET
Drive through restaurants

2881 Covington Pike Memphis, TN 38128-6060

3,207 SF 0.9 ac lot Built 1985
Entity Owned 7-yr Hold Free & Clear
Property ID
US80-1981487
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Total area 3,207 SF
Lot 0.9 ac (39,204 SF)
Zoning code CMU-2
APN 088-008- - -00146
UPID US80-1981487
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
  • Tim's Chicken Restaurant
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
Win Properties LLC · 7 yrs held
Win Properties LLC
since 2019
3 recorded transactions
2019
$357,000
2015
Price N/A
2014
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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