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Property profile & analytics
OFF-MARKET
Drive through restaurants
3587 Riverdale Rd, Memphis, TN 38115-4406
Entity Owned
~
Est. High Equity
Property ID
US80-1176143
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
3,128 SF
Lot
0.07 ac (3,180 SF)
Zoning code
CA
APN
093-500- - -00563
UPID
US80-1176143
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
-
Cross Creek Shopping Center & Mall
-
Mengali's Florist | Flower Delivery (Bike/Boat/Book/etc) Store
-
Fazoli's Restaurant
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
Ak Real Estate Holdings LLC
Ak Real Estate Holdings LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CA · 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
$9,232
Tax year 2022
Assessed value
$151,560
Assessed 2023
Previous assessed
$151,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$8,760
Assessed improvement
$142,800
Land market value
$21,900
Improvement market value
$357,000
Total market value
$378,900
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,128 SF
Lot
0.07 ac (3,180 SF)
Zoning code
CA
APN
093-500- - -00563
UPID
US80-1176143
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Ak Real Estate Holdings LLC
Entity
Mailing address
83 SS ST STE #101, FREEHOLD, NJ 07728-2393
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
$1,150,000
Ak Real Estate Holdings LLC
Aspen Memphis LLC
Special Warranty Deed
—
Mar 3, 2022
$26,400,000
Aspen Memphis LLC
Allied Development Of Memphis LLC
Special Warranty Deed
—
Sep 20, 2019
—
Allied Dev Of Memphis LLC
—
Grant Deed
related
$5,000,000 · Wells Fargo Bk
Feb 20, 2019
—
Allied Dev Of Memphis LLC
—
Grant Deed
related
$3,000,000 · Orion FCU
Nov 15, 2011
—
Allied Dev Of Memphis LLC
Jpmcc 2005-ldp2 Riverdale Reta
Quit Claim Deed
related
—
Nov 15, 2011
$12,705,000
Allied Dev Of Memphis LLC
2005-ldp2 Riverdale Reta Jpmcc
Trustees Deed
$2,750,000 · Ameritas Life Insurance Corp
Oct 25, 2010
$12,250,000
2005-ldp2 Riverdale Reta Jpmcc
Quinn,harris P
Trustees Deed
—
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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