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Property profile & analytics
FOR SALE
Retail space
3188 N Watkins St, Memphis, TN 38127
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3368148
For Sale
1 / 2
Contact for pricing
3188 N Watkins St, Memphis, TN 38127
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
7,000 SF
Lot
1.07 ac (46,566 SF)
Zoning code
CMU-1
APN
072-018- - -00069-C
UPID
US80-3368148
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
Current use
Occupant on record · Public records
-
The Social Lounge Memphis Bar & Pub Nightclub
-
The Excitement Restaurant and Lounge Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Royal International INC · 3 yrs held
Royal International INC
since 2023
Last sale
$215,000
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,528
Tax year 2022
Assessed value
$140,000
Assessed 2023
Previous assessed
$140,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$23,320
Assessed improvement
$116,680
Land market value
$58,300
Improvement market value
$291,700
Total market value
$350,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,000 SF
Lot
1.07 ac (46,566 SF)
Zoning code
CMU-1
APN
072-018- - -00069-C
UPID
US80-3368148
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Royal International INC
Entity
Mailing address
3439 N WATKINS ST, MEMPHIS, TN 38127-5521
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Royal International INC
K & M International INC
Quit Claim Deed
related
$1,307,600 · Cogent Bank
May 11, 2021
—
Pride Property 2 LLC
—
Deed
related
$775,000 · Pinnacle Bank
Nov 2, 2020
—
K & M Enterprise INC
—
Deed
related
$352,108 · Tri State Bank Of Memphis
Jun 19, 2018
—
K & M International INC
—
Deed
related
$325,500 · Tri-state Bk/memphis
Nov 21, 2014
$498,361
K & M International INC
E & S USA INC
Quit Claim Deed
related
—
Sep 10, 2014
—
E & S USA INC
Eleiwa,khaled
Quit Claim Deed
related
$143,960 · Renasant Bk
Aug 20, 2013
$215,000
Khaled Eleiwa
F4 Holdings LLC
Grant Deed
$170,000 · F4 Holdings LLC
Sep 27, 2012
$306,000
F4 Holdings LLC
Bourland Donald E
Trustees Deed
related
—
Aug 4, 2004
$860,000
F4 Holdings LLC
Mayers,kahtleen S
Grant Deed
related
$100,000 · Frost National Bank
Feb 4, 2003
$795,000
Kathleen S Mayers
Hardage,joseph C
Grant Deed
$550,000 · The Bank
Mar 9, 2001
$105,000
Joseph C Hardage
Glover,ann
Grant Deed
$585,000 · Regions Bank
—
—
E & S USA INC|k & M International INC
—
Loan Modification
related
$143,960 · Renasant Bk
—
—
K & M International INC
—
Deed Of Trust
related
$325,500 · Tri-state Bk/memphis
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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