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Property profile & analytics
OFF-MARKET Estimated value $1,125,000
Turn key restaurants

385 Main St Memphis, TN 38103-4238

6,615 SF 0.17 ac lot Built 1928
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-3523980
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1928
Total area 6,615 SF
Lot 0.17 ac (7,492 SF)
Zoning code SM
APN 002-104- - -00005
UPID US80-3523980
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
$1.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M
Owner & transaction history
383 385 South Main Investors LLC · 5 yrs held
383 385 South Main Investors LLC
since 2021
Last sale
$1.4M
7 recorded transactions
2021
$1.4M
2016
Price N/A
2006
Price N/A
2004
$312,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any building, structure, or use is subject to the landscaping requirements of Chapter 4.6, Landscaping and Screening. 3. A drive-thru window shal…

Zone name South Main
General category SPECIAL
Zone area 154.14 ac
Source CHAPTER 1
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