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Property profile & analytics
OFF-MARKET
Drive through restaurants

3275 Thomas St Memphis, TN 38127-6013

2,709 SF 0.84 ac lot Built 1977
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-3130171
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1977
Total area 2,709 SF
Lot 0.84 ac (36,678 SF)
Zoning code CMU-3
APN 069-031- - -00056
UPID US80-3130171
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Loukas Zagaris · 2 yrs held
Loukas Zagaris
since 2023
Last sale
$440,000
7 recorded transactions
2023
$440,000
2016
Price N/A
2016
Price N/A
2007
$1.2M
2007
Price N/A
2007
$1.1M
2006
$891,542
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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