Property profile

2924 Walnut Grv Rd Memphis, TN 38111

OFF-MARKET
Turn key restaurants
Property ID
US80-0143802
9,351 SF 0.44 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Construction FRAME
Total area 9,351 SF
Lot 0.44 ac (19,079 SF)
Zoning code CMU-1
APN 037-033- - -00008-C
UPID US80-0143802

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
  • Medical Clinic
  • Medical Clinic
  • Restaurant
  • Engineer Civil Engineer

Location

2924 Walnut Grv Rd Memphis, TN 38111-2719
Memphis metro Census 3000 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
Last sale
$325,000
6 recorded transactions
2020
$325,000
2009
$850,000
2008
Price N/A
2007
$310,000
2006
$190,000
2006
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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