4234 Hacks Cross Rd Memphis, TN 38125-3101
Property profile & analytics
4234 Hacks Cross Rd Memphis, TN 38125-3101
- Car washes
- 5,110 SF
- 1.04 lot acres
Property ID
US80-3542756
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Zips Car Wash / Car Wash
Property Details for 4234 Hacks Cross Rd
- Year built
- 2006
- Lot size
- 1.04 lot acres
- Property size
- 5,110 SF
- Zone code
- CA
- Property type
- Car washes
- APN
- D02-42 - - -00435
- APU
- D024200435
Description
This exceptional investment opportunity presents a 4,751 square foot Zips Car Wash located at 4234 Hacks Cross Rd, Memphis, TN 38125. The property sits on a 1.04-acre lot and boasts a strong triple-net (NNN) lease with a corporate guarantee from a leading operator with over 280 locations nationwide. The lease commenced December 19, 2017, and has a remaining term of 13.6 years, expiring June 30, 2038. The lease includes six 5-year renewal options with 1.5% annual rent increases. The current annual net operating income (NOI) is $251,906, representing a 7.00% cap rate on the asking price of $3,598,660. The property benefits from its prime location on Hacks Cross Road, a major thoroughfare with over 37,000 vehicles per day, and its proximity to Hwy 385, which sees over 84,000 vehicles daily. The surrounding area features strong demographics, with a population of 164,365 within a 5-mile radius and an average household income of $115,191. Nearby schools include Southwind High School, Southwind Elementary School, Power Center Academy, and Lowrance K-8 School. The property was built in 2006 and offers potential tax advantages, including bonus depreciation (consult your tax advisor). This is a turnkey investment with a proven business model and significant upside potential. The property is situated near numerous national retailers, including Costco, Lowe's, Walmart, Sam's Club, Kroger, TopGolf, and more.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $677,000
Market price range: $185k - $678k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $495,000 Current use
- MEDICAL BUILDING
- $730,000 Change: +48% Conversion: Difficult
- OFFICE BUILDING
- $610,000 Change: +23% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $455,000 Change: -8% Conversion: Difficult
- RETAIL STORES
- $425,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7951
- Latitude
- 35.033
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,722
$212,080
$428,680
$640,760
-
$530,200
$1,071,700
$1,601,900
