Property profile

505 Main St Memphis, TN 38103

OFF-MARKET
Investment properties
Property ID
US80-0694183
9,504 SF 0.29 ac lot Built 1920
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 9,504 SF
Lot 0.29 ac (12,458 SF)
Zoning code SM
APN 002-107- - -00009-C
UPID US80-0694183

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Cafe & Coffee Shop

Location

505 Main St Memphis, TN 38103-4458
Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$110k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2022
Last sale
$110,000
3 recorded transactions
2022
Price N/A
2021
$110,000
2015
$1,000

Zoning & alternative use

SM · Memphis, TN
Zoning description

7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any b…

General category SPECIAL

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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