Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3233 Ridgeway Rd Memphis, TN 38115-3426
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-1899528
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Total area
3,000 SF
Lot
0.72 ac (31,320 SF)
Zoning code
CMU-2
APN
093-200- - -00362
UPID
US80-1899528
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
-
Bitcoin Depot - Bitcoin ATM Atm Crypto Atm
-
MoneyGram Bank Credit Union
-
Orlandi Valuta Bank Credit Union
-
Krispy Krunchy Chicken Restaurant
-
Marathon Gas Gas Station
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
M & N Property INC · 9 yrs held
M & N Property INC
since 2016
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
$7,188
Tax year 2022
Assessed value
$118,000
Assessed 2023
Previous assessed
$118,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$55,200
Assessed improvement
$62,800
Land market value
$138,000
Improvement market value
$157,000
Total market value
$295,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,000 SF
Lot
0.72 ac (31,320 SF)
Zoning code
CMU-2
APN
093-200- - -00362
UPID
US80-1899528
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
M & N Property INC
Entity
Free & Clear · 9 yrs held
Mailing address
3233 RIDGEWAY RD, MEMPHIS, TN 38115-3426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2016
—
M & N Property INC
Ozrail,nasser
Quit Claim Deed
related
—
May 28, 2014
—
Mohammad Issa
Ozrail,nasser
Quit Claim Deed
related
—
May 12, 2014
$245,000
Nasser Ozrail
Alyousef,haitham
Warranty Deed
—
May 12, 2014
$70,000
Nasser Ozrail
Salem,wael
Warranty Deed
—
Dec 30, 2011
—
Haitham Alyousef
—
Trustees Deed
related
$240,000 · Bancorp South Bank
Jan 2, 2008
$700,000
Haitham Alyousef
Craven,phyllis A
Warranty Deed
—
—
—
Mohammad Issa
—
Deed Of Trust
related
$350,000 · Graves Oil Co INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3233 Ridgeway Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
