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Property profile & analytics
OFF-MARKET Estimated value $515,000
Strip malls

311 Mitchell Rd Memphis, TN 38109-3753

18,038 SF 1.76 ac lot Built 1958
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-1655963
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1958
Total area 18,038 SF
Lot 1.76 ac (76,796 SF)
Zoning code CMU-1
APN 075-077- - -00015
UPID US80-1655963
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$536k
Blend (final) Blend
$515k
Owner & transaction history
Way Properties LLC · 1 yrs held
Way Properties LLC
since 2024
5 recorded transactions
2024
Price N/A
2020
Price N/A
2011
$213,666
2004
$350,000
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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