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Property profile & analytics
OFF-MARKET Estimated value $1,250,000
Strip malls

3001 Covington Pike Memphis, TN 38128-5015

41,264 SF 4.14 ac lot Built 1979
Entity Owned 17-yr Hold Free & Clear
Property ID
US80-3147853
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Total area 41,264 SF
Lot 4.14 ac (180,382 SF)
Zoning code CMU-2
APN 087-053- - -00040
UPID US80-3147853
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
  • King of Kings Bar-B-Que Restaurant
  • Marshalls Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$857k
Blend (final) Blend
$1.25M
Owner & transaction history
5050 Stage Rd Co LLC · 17 yrs held
5050 Stage Rd Co LLC
since 2009
2 recorded transactions
2009
Price N/A
2006
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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