Property profile

588 Chelsea Ave Memphis, TN 38107

OFF-MARKET
Auto shops
Property ID
US80-0853733
1,228 SF 0.16 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Total area 1,228 SF
Lot 0.16 ac (7,144 SF)
Zoning code MU
APN 022-032- - -00030
UPID US80-0853733

Cap rate & NOI

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

Location

588 Chelsea Ave Memphis, TN 38107
Memphis metro Census 200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2017
$13,000
2007
Price N/A
2006
Price N/A

Zoning & alternative use

MU · Memphis, TN
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with…

General category MIXED_USE

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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