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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Self service car washes
4349 Summer Ave Memphis, TN 38122-4038
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3361480
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
2009
Total area
3,750 SF
Lot
0.61 ac (26,615 SF)
Zoning code
CMU-3
APN
054-041- - -00001
UPID
US80-3361480
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
-
Take 5 Car Wash Car Wash
-
Car Wash USA Express Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$660k
Owner & transaction history
Tennessee-lewis LLC · 7 yrs held
Tennessee-lewis LLC
since 2018
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$535,000
+47.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$535,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,751
Tax year 2022
Assessed value
$291,400
Assessed 2023
Previous assessed
$291,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$58,560
Assessed improvement
$232,840
Land market value
$146,400
Improvement market value
$582,100
Total market value
$728,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,750 SF
Lot
0.61 ac (26,615 SF)
Zoning code
CMU-3
APN
054-041- - -00001
UPID
US80-3361480
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$535,000
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Tennessee-lewis LLC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2018
$2,852,240
Tennessee-lewis LLC
Imo Us South LLC
Grant Deed
—
Mar 2, 2018
—
Imo Us South LLC
—
Grant Deed
related
$300,000,000 · Goldman Sachs Bk USA
Aug 20, 2015
$29,040,000
Imo Us South LLC
Car Wash USA Express Holdings
Grant Deed
—
Oct 3, 2014
—
Car Wash USA Express Holdings
—
Grant Deed
related
$16,373,204 · Centennial Bk
May 8, 2008
$650,000
Car Wash USA Express 4349 LLC
Aquality Pmm INC
Warranty Deed
$530,296 · First State Bank
Aug 27, 1999
—
Aquality Pmm INC
Charnes,ronald M & Alilce
Grant Deed
related
—
—
—
Car Wash USA Express 4349 LLC
—
Deed Of Trust
related
$1,769,433 · First State Bank
—
—
Imo Us South LLC
—
Deed Of Trust
related
$15,000,000 · Centennial Bk
—
—
Car Wash Invtrs Fund Mid-south
—
Deed Of Trust
related
$12,704,507 · Liberty Bank Arkansas
—
—
Car Wash USA Express 4349 LLC
—
Deed Of Trust
related
$1,760,000 · First State Bank
—
—
Imo Us South LLC
—
Loan Modification
related
$23,883,000 · Centennial Bk
—
—
Imo Us South LLC
—
Deed Of Trust
related
$1,000,000 · Goldman Sachs Bk USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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