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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Drive through restaurants
375 New Byhalia Rd Collierville, TN 38017-3705
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US80-1499567
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2006
Total area
3,432 SF
Lot
1.2 ac (52,185 SF)
Zoning code
SCC
APN
C02-44 - -A-00386
UPID
US80-1499567
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
-
Zaxby's Chicken Fingers & Buffalo Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Lee Organization 3 LLC · 14 yrs held
Lee Organization 3 LLC
since 2011
7 recorded transactions
Zoning & alternative use
SCC · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
9 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151…
Zone name
Shopping Center Commercial
General category
COMMERCIAL
Zone area
889.71 ac
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
Method
Estimation
Statistic approach
by Request
ML approach
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
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
$20,931
Tax year 2022
Assessed value
$409,600
Assessed 2023
Previous assessed
$409,600
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$155,200
Assessed improvement
$254,400
Land market value
$388,000
Improvement market value
$636,000
Total market value
$1,024,000
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,432 SF
Lot
1.2 ac (52,185 SF)
Zoning code
SCC
APN
C02-44 - -A-00386
UPID
US80-1499567
Jurisdiction
SHELBY
Zoning & alternative use
SCC · Collierville, TNZoning SCC · permitted uses
SCC · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
9 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151.075 Statement of purpose 151.076 RI - Restrictive Industrial District 151.077 GI -
Zone name
Shopping Center Commercial
General category
COMMERCIAL
Zone area
889.71 ac
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Lee Organization 3 LLC
Entity
Mailing address
731 CATESBY CV, COLLIERVILLE, TN 38017-6716
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
—
Lee Organization 3 LLC
—
Deed
related
$210,600 · Guaranty Bank & Trust Co
Oct 1, 2020
—
Lee Organization 3 LLC
—
Deed
related
$2,277,500 · Guaranty Bk
Apr 17, 2019
—
Lee Organization 3 LLC
—
Deed
related
$204,129 · First Alliance Bk
May 31, 2017
—
Lee Organization 3 LLC
—
Deed
related
$204,129 · First Alliance Bk
Dec 29, 2011
—
Lee Organization 3 LLC
Landmark Corp Of Florida
Quit Claim Deed
related
—
—
—
Landmark Corp Of Florida INC
—
Deed Of Trust
related
$86,445 · Trustmark National Bank
—
—
Landmark Corp Of Florida
—
Deed Of Trust
related
—
—
—
Lee Organization 3 LLC
—
Loan Modification
related
$2,277,500 · Guaranty Bk
—
—
Lee Organization 3 LLC
—
Deed Of Trust
related
$860,760 · First Alliance Bk
—
—
Lee Organization 3 LLC
—
Deed Of Trust
related
$204,129 · First Alliance Bk
—
—
Landmark Corpe Of Florida
—
Loan Modification
related
—
—
—
Landmark Corp Of Florida INC
—
Deed Of Trust
related
$1,011,524 · Trustmark National Bank
—
—
Lee Organization 3 LLC
—
Deed Of Trust
related
$171,500 · Trustmark National Bank
—
—
Landmark Corp Of Florida INC
—
Deed Of Trust
related
$1,011,524 · Trustmark National Bank
—
—
Lee Organization 3 LLC
—
Loan Modification
related
$204,129 · First Alliance Bk
—
—
Landmark Corp Of Florida INC
—
Loan Modification
related
$82,660 · Trustmark Nat'l Bk
—
—
Landmark Corp Of Florida INC
—
Loan Modification
related
$960,455 · Trustmark Nat'l Bk
—
—
Landmark Corp Of Florida
—
Loan Modification
related
—
—
—
Landmark Corp Of Florida
—
Deed Of Trust
related
—
—
—
Landmark Corp Of Florida
—
Deed Of Trust
related
—
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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