Back to Search
Property profile & analytics
OFF-MARKET
Drive through restaurants
3233 Thomas St Memphis, TN 38127-6013
Trust Owned
9-yr Hold
Free & Clear
Property ID
US80-0164539
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2009
Total area
1,988 SF
Lot
0.69 ac (29,969 SF)
Zoning code
CMU-1
APN
069-031- - -00058
UPID
US80-0164539
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
-
Taco Bell Restaurant Take-out & Catering
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
Agalsoff,john & Linda Trust · 9 yrs held
Agalsoff,john & Linda Trust
since 2016
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
$16,445
Tax year 2022
Assessed value
$269,960
Assessed 2023
Previous assessed
$269,960
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$28,360
Assessed improvement
$241,600
Land market value
$70,900
Improvement market value
$604,000
Total market value
$674,900
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,988 SF
Lot
0.69 ac (29,969 SF)
Zoning code
CMU-1
APN
069-031- - -00058
UPID
US80-0164539
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Agalsoff,john & Linda Trust
Trust
Free & Clear · 9 yrs held
Mailing address
111 W 39TH ST, VANCOUVER, WA 98660-1974
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2019
—
Pacific Bells LLC
—
Deed
related
$674,000 · Bank Of America
Sep 9, 2016
—
Agalsoff,john & Linda Trust
Agalsoff,linda S
Quit Claim Deed
related
—
Jun 8, 2016
—
Pacific Bells LLC
—
Deed
related
$205,000,000 · Wells Fargo Bk
Sep 22, 2014
$1,140,000
Linda S Agalsoff
Marchi & Assocs Def Pp Of Tr
Grant Deed
—
Feb 2, 2009
$840,000
Marchi & Assocs Defined Pp Of Trust
Rgt Foods INC
Grant Deed
—
Dec 22, 1998
$274,000
Rgt Foods INC
Taco Bell Corp
Grant Deed
$490,000 · Captec Financial Group INC
—
—
Pacific Bells LLC
—
Deed Of Trust
related
$674,000 · Bank Of America
—
—
Pacific Bells LLC
—
Deed Of Trust
related
$205,000,000 · Wells Fargo Bk
—
—
Rgt Foods INC
—
Deed Of Trust
related
$49,300,000 · Huntington National Bank
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 Thomas St?
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.
