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Property profile & analytics
OFF-MARKET Estimated value $245,000
Residential income homes

3951 New Covington Pike Memphis, TN 38128-2509

6,524 SF 1.88 ac lot Built 1998
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US80-1585217
Property profile
Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1998
Total area 6,524 SF
Lot 1.88 ac (81,893 SF)
Zoning code R-10
APN 087-004- - -00060
UPID US80-1585217
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
  • 3951 Covington Pike Crisis Center Medical Clinic
  • Burger King Restaurant
  • Raliqua Slater Car Dealership Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k
Owner & transaction history
Mshn Ents LLC · 8 yrs held
Mshn Ents LLC
since 2018
5 recorded transactions
2018
$862,871
2013
$425,000
2012
$425,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
R-10 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 10
General category RESIDENTIAL
Zone area 20,653.94 ac
Source CHAPTER 1
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