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Property profile & analytics
OFF-MARKET
Turn key restaurants

598 Monroe Ave Memphis, TN 38103-3214

8,778 SF 0.19 ac lot Built 1928
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US80-1838681
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1928
Total area 8,778 SF
Lot 0.19 ac (8,233 SF)
Zoning code CBD
APN 007-032- - -00013
UPID US80-1838681
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
  • High Cotton Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Philco Properties LLC · 14 yrs held
Philco Properties LLC
since 2012
3 recorded transactions
2012
$230,000
2005
$640,000
1969
Price N/A
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LUCB: The Memphis and Shelby County Land Use Control Board. I. MLGW: Memphis Light, Gas and Water. J. MOC: Memorandum of Conformance K. MPO: M…

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 323.60 ac
Source CHAPTER 1
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