Property profile

296 Chelsea Ave Memphis, TN 38107

OFF-MARKET
Self service car washes
Property ID
US80-0074044
1,280 SF 0.83 ac lot Built 1988
Individually Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1988
Total area 1,280 SF
Lot 0.83 ac (35,981 SF)
Zoning code MU
APN 022-028- - -00013-C
UPID US80-0074044

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
  • Grocery & Convenience Store Food Market

Location

296 Chelsea Ave Memphis, TN 38107-2435
Memphis metro Census 200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2010
6 recorded transactions
2010
$125,000
2005
$70,000
2004
Price N/A
2004
$70,000
1999
$52,908
1998
Price N/A

Zoning & alternative use

MU · Memphis, TN
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with…

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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