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Property profile & analytics
OFF-MARKET Estimated value $605,000
Strip malls

3203 Coleman Rd Memphis, TN 38128-6553

13,664 SF 1.1 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-1659734
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 13,664 SF
Lot 1.1 ac (47,916 SF)
Zoning code CMU-2
APN 085-025- - -00057
UPID US80-1659734
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
  • Ms. D's Wings Restaurant
  • G G's Fish N' More Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$605k
Owner & transaction history
Coleman Road Retail LLC · 2 yrs held
Coleman Road Retail LLC
since 2023
Last sale
$675,000
3 recorded transactions
2023
Price N/A
2021
$556,000
2001
$400,000
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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