Property profile

3053 Summer Ave Memphis, TN 38112

OFF-MARKET
Self service car washes
Property ID
US80-1762020
3,161 SF 0.57 ac lot Built 1978
Individually Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1978
Total area 3,161 SF
Lot 0.57 ac (24,873 SF)
Zoning code CMU-1
APN 044-001- - -00024
UPID US80-1762020

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
  • Car Wash

Location

3053 Summer Ave Memphis, TN 38112-2431
Memphis metro Census 2800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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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 2013
7 recorded transactions
2013
$10,000
2013
$130,200
2010
Price N/A
2009
Price N/A
2008
Price N/A
1999
Price N/A
1999
$330,000

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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