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Property profile & analytics
OFF-MARKET Estimated value $235,000
Auto shops

5506 Summer Ave Memphis, TN 38134-7202

0.36 ac lot
Individually Owned 8-yr Hold Free & Clear
Property ID
US80-1086779
Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.36 ac (15,899 SF)
Zoning code CMU-3
APN 088-067- - -00028-C
UPID US80-1086779
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
  • Best Buy Auto, LLC Car Dealership
  • NSN Auto Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
Shadi Ahmed · 8 yrs held
Shadi Ahmed
since 2017
1 recorded transaction
2017
$145,000
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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