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Property profile & analytics
OFF-MARKET
Retail space
3804 Park Ave Memphis, TN 38111-6649
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1200310
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Total area
4,450 SF
Lot
0.2 ac (8,538 SF)
Zoning code
CMU-1
APN
046-036- - -00020
UPID
US80-1200310
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
-
The Mona Lisa Banquet Hall Wedding Service
-
Mona Lisa Event Facility (Bike/Boat/Book/etc) Store Florist
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
Harish Yakkala · 1 yrs held
Harish Yakkala
since 2024
Last sale
$350,000
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
$5,760
Tax year 2022
Assessed value
$94,560
Assessed 2023
Previous assessed
$94,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$15,400
Assessed improvement
$79,160
Land market value
$38,500
Improvement market value
$197,900
Total market value
$236,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,450 SF
Lot
0.2 ac (8,538 SF)
Zoning code
CMU-1
APN
046-036- - -00020
UPID
US80-1200310
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
1947
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Harish Yakkala
Individual
Free & Clear · 1 yrs held
Mailing address
4928 W WILLIAM ARNOLD RD, MEMPHIS, TN 38117-4238
Ownership since
2024
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
Feb 27, 2026
—
Srivy
—
Deed
related
$529,892 · Simmons Bank
Aug 5, 2024
$350,000
Harish Yakkala
Investor Nation LLC
Warranty Deed
—
Mar 21, 2019
$232,500
Investor Nation
Andrews Properties LLC
Warranty Deed
$197,625 · Commercial Bk
Jun 25, 2012
—
Andrews Properties LLC
—
Grant Deed
related
$4,500,000 · Iberiabank
Dec 14, 2001
—
Andrews Properties LLC
Andrews,maryanne A
Quit Claim Deed
related
—
Dec 10, 2001
—
Andrews Properties LLC
—
Deed Of Trust
related
$1,000,000 · First National Bank
Jan 22, 1999
—
Andrews Properties LLC
Andrews,david S & Oma S
Quit Claim Deed
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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