Property profile

3439 Neely Rd Memphis, TN 38109

OFF-MARKET
Self service car washes
Property ID
US80-1445008
3,232 SF 0.86 ac lot Built 1991
Individually Owned 25-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Year built 1991
Total area 3,232 SF
Lot 0.86 ac (37,636 SF)
Zoning code CMU-1
APN 076-001- - -00004
UPID US80-1445008

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Car Wash

Location

3439 Neely Rd Memphis, TN 38109
Memphis metro Census 22321 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$589k
Blend (final) Blend
$225k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

General category MIXED_USE
Top alternative use upside
Medical building $460,000 +47.6%
Office building $385,000 +23.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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