Technical
Financial
Distress signals
Property profile

3019 Summer Ave Memphis, TN 38112

OFF-MARKET
Individual retail properties
Property ID
US80-1576484
5,436 SF 0.51 ac lot Built 1935
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Year built 1935
Total area 5,436 SF
Lot 0.51 ac (22,128 SF)
Zoning code CMU-1
APN 037-041- - -00047
UPID US80-1576484

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
  • (Bike/Boat/Book/etc) Store

Location

3019 Summer Ave Memphis, TN 38112-2977
Memphis metro Census 2800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
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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