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Property profile & analytics
OFF-MARKET Estimated value $680,000
Retail space

3535 Elvis Presley Blvd Memphis, TN 38116

6,865 SF 0.89 ac lot Built 2000
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-1158605
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Total area 6,865 SF
Lot 0.89 ac (38,725 SF)
Zoning code CMU-2
APN 077-024- - -00019
UPID US80-1158605
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
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$534k
Blend (final) Blend
$680k
Owner & transaction history
S3 Properties LLC · 4 yrs held
S3 Properties LLC
since 2021
Last sale
$849,000
4 recorded transactions
2021
$849,000
2003
Price N/A
2000
$800,000
1999
$267,189
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
Top alternative use upside
Medical building $980,000 +154.8%
Office building $820,000 +112.4%
Auto repair, garage $785,000 +103.4%
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