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Property profile & analytics
OFF-MARKET Estimated value $215,000
Drive through restaurants

4062 3rd St Memphis, TN 38109-4471

320 SF 0.44 ac lot Built 1987
Individually Owned 9-yr Hold Free & Clear
Property ID
US80-0782901
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1987
Total area 320 SF
Lot 0.44 ac (19,123 SF)
Zoning code CMU-3
APN 075-114- - -00014-C
UPID US80-0782901
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
  • Dixie Queen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k
Owner & transaction history
Russell Siegfried · 9 yrs held
Russell Siegfried
since 2016
6 recorded transactions
2016
Price N/A
2016
$55,500
2012
Price N/A
2012
Price N/A
2005
Price N/A
1998
$144,594
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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