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Property profile & analytics
FOR SALE
Auto shops
3498 Jackson Ave Memphis, TN 38122
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3349627
For Sale
1 / 2
$300,000
3498 Jackson Ave, Memphis, TN 38122
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Total area
2,728 SF
Lot
0.84 ac (36,416 SF)
Zoning code
CMU-3
APN
043-009- - -00085
UPID
US80-3349627
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
-
Joe Hill's Autorama Car Dealership
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
Performance Property Management LLC · 2 yrs held
Performance Property Management LLC
since 2023
Last sale
$235,000
6 recorded transactions
Zoning & alternative use
CMU-3 · 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
$4,335
Tax year 2022
Assessed value
$71,160
Assessed 2023
Previous assessed
$71,160
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$34,520
Assessed improvement
$36,640
Land market value
$86,300
Improvement market value
$91,600
Total market value
$177,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,728 SF
Lot
0.84 ac (36,416 SF)
Zoning code
CMU-3
APN
043-009- - -00085
UPID
US80-3349627
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Performance Property Management LLC
Entity
Mailing address
4112 SUMMER AVE, MEMPHIS, TN 38122-5225
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$235,000
Performance Property Management LLC
Prewitt Andrews LLC
Warranty Deed
$188,000 · Prewitt Andrews LLC
Aug 31, 2001
—
Prewitt-andrews LLC
Kfc National Management Co
Grant Deed
$155,000 · Enterprise National Bank
—
—
Prewitt Andrews LLC
—
Loan Modification
related
$200,000 · First Alliance Bk
—
—
David S Andrews
—
Deed Of Trust
related
$100,000 · First Alliance Bank Fsb
—
—
Prewitt Andrews LLC
—
Deed Of Trust
related
$86,801 · First Alliance Bank Fsb
—
—
David S Andrews
—
Deed Of Trust
related
$448,941 · First Alliance Bank Fsb
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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