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Property profile & analytics
OFF-MARKET
Drive through restaurants
3659 Hickory Hl Rd Memphis, TN 38115-5010
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-1317410
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1989
Total area
1,911 SF
Lot
0.72 ac (31,320 SF)
Zoning code
CMU-1
APN
093-400- - -00382
UPID
US80-1317410
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
-
Shark’s Fish & Chicken Restaurant
-
Taqueria express #2 Restaurant
-
Chrome and Carbon Auto Parts Store
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
Investment R & E Advisors INC · 6 yrs held
Investment R & E Advisors INC
since 2019
7 recorded transactions
Zoning & alternative use
CMU-1 · 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
$10,071
Tax year 2022
Assessed value
$165,320
Assessed 2023
Previous assessed
$165,320
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$56,440
Assessed improvement
$108,880
Land market value
$141,100
Improvement market value
$272,200
Total market value
$413,300
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
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,911 SF
Lot
0.72 ac (31,320 SF)
Zoning code
CMU-1
APN
093-400- - -00382
UPID
US80-1317410
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Investment R & E Advisors INC
Entity
Free & Clear · 6 yrs held
Mailing address
861 5TH OAKS LN, COLLIERVILLE, TN 38017-8561
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2019
—
Investment R & E Advisors INC
—
Deed
related
$204,000 · Renasant Bk
Oct 29, 2019
—
Investment R & E Advisors INC
Marouf Alassaf
Correction Deed
related
—
Oct 24, 2019
—
Investment R & E Advisor INC
Marouf Alassaf
Quit Claim Deed
related
—
Mar 6, 2019
—
Investment R & E Advisor INC
Bombora 2 INC
Quit Claim Deed
related
—
Aug 27, 2018
$185,000
Marouf Alassaf
Webb William J Marital Trust
Grant Deed
$157,000 · Renasant Bk
Nov 1, 2017
—
Webb,william J Trust
Webb William J Trust
Quit Claim Deed
related
—
Apr 21, 2015
—
Webb,williame J Trust
Webb William J
Quit Claim Deed
related
—
—
—
Investment R & E Advisors INC
—
Deed Of Trust
related
$204,000 · Renasant Bk
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.
Try Rey
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