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Property profile & analytics
OFF-MARKET Estimated value $1,475,000
Drive through restaurants

3490 Elvis Presley Blvd Memphis, TN 38116-4332

2,265 SF 1.07 ac lot Built 1996
Entity Owned Free & Clear
Property ID
US80-0975757
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1996
Total area 2,265 SF
Lot 1.07 ac (46,479 SF)
Zoning code CMU-3
APN 078-037- -B-00005
UPID US80-0975757
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
$1.14M
Blend (final) Blend
$1.48M
Owner & transaction history
Fairlane Drive LLC
Fairlane Drive LLC
since 2025
Last sale
$1.6M
2 recorded transactions
2025
$1.6M
2023
$8,050
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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