Property profile

3975 Chelsea Ave Ext Memphis, TN 38108

OFF-MARKET
Strip malls
Property ID
US80-1885706
3,950 SF 0.52 ac lot Built 1995
Individually Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Total area 3,950 SF
Lot 0.52 ac (22,738 SF)
Zoning code CMU-1
APN 053-040- - -00001
UPID US80-1885706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3975 Chelsea Ave Ext Memphis, TN 38108-2748
Memphis metro Census 8800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$65k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2020
Last sale
$95,000
7 recorded transactions
2020
$95,500
2018
$68,000
2016
Price N/A
2003
$37,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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