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Property profile & analytics
OFF-MARKET Estimated value $500,000
Drive through restaurants

3440 Elvis Presley Blvd Memphis, TN 38116-3260

2,415 SF 0.6 ac lot Built 2005
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1342492
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2005
Construction FRAME
Total area 2,415 SF
Lot 0.6 ac (26,092 SF)
Zoning code CMU-2
APN 078-001- - -00036
UPID US80-1342492
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
  • Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
Om Sai Ram Of Memphis LLC · 2 yrs held
Om Sai Ram Of Memphis LLC
since 2024
Last sale
$500,000
5 recorded transactions
2024
$500,000
2018
$10,000
2017
Price N/A
2011
$325,000
1969
Price N/A
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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