Property profile

3088 Lamar Ave Memphis, TN 38114

OFF-MARKET
Self service car washes
Property ID
US80-3324350
3,220 SF 0.45 ac lot Built 1981
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1981
Total area 3,220 SF
Lot 0.45 ac (19,733 SF)
Zoning code CMU-3
APN 059-037- - -00149
UPID US80-3324350

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
  • (Bike/Boat/Book/etc) Store
  • Car Wash

Location

3088 Lamar Ave Memphis, TN 38114-6439
Memphis metro Census 8120 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 2008
3 recorded transactions
2008
$25,000
2008
$50,000
1969
Price N/A

Zoning & alternative use

CMU-3 · Memphis, TN
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…

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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