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    Property profile & analytics

    3168 Thomas St Memphis, TN 38127-6001

    • Drive through restaurants
    • 2,275 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Location Intelligence
    Property ID
    US80-0575783
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Subway / Restaurant / Sandwich Shop

    Property Details for 3168 Thomas St

    Year built
    2007
    Lot size
    0.35 lot acres
    Property size
    2,275 SF
    Zone code
    CMU-2
    Property type
    Drive through restaurants
    APN
    069-032- - -00027
    APU
    6903200027

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0316
    Latitude
    35.2126
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,180
    $16,680
    $68,360
    $85,040
    -
    $41,700
    $170,900
    $212,600

    Comparable in this City

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      $2,165,000
      2,197 SF

      2629 Hollywood St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,197 SF
      2629 Hollywood St, Memphis, TN 38127-8803
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    • Value Estimation
      $750,000
      2,694 SF

      2221 Frayser Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,694 SF
      2221 Frayser Blvd, Memphis, TN 38127-5745
      View Details
    • Value Estimation
      $405,000
      4,102 SF

      2342 Frayser Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,102 SF
      2342 Frayser Blvd, Memphis, TN 38127-5859
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    • Value Estimation by Request
      2,683 SF

      1775 Frayser Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,683 SF
      1775 Frayser Blvd, Memphis, TN 38127-6409
      View Details
    • Value Estimation
      $1,900,000
      2,759 SF

      2055 Frayser Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,759 SF
      2055 Frayser Blvd, Memphis, TN 38127-5610
      View Details
    • Value Estimation
      $360,000
      2,861 SF

      2209 Frayser Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,861 SF
      2209 Frayser Blvd, Memphis, TN 38127
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

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      Retail space for lease in Memphis neighborhood center.
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      Retail spaces available in a strip center.
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      Retail Spaces in High-Traffic Area

      Retail spaces available near Nike and Amazon distribution centers.
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    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.5k
    • Avg Time on site
      14 min
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    3168 Thomas St
    Memphis, TN 38127-6001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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