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    Property profile & analytics

    6050 Winchester Rd Memphis, TN 38115-4011

    • Drive through restaurants
    • 4,040 SF
    • 1.14 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1741865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • McDonald's / Fast Food Restaurant / Breakfast Restaurant
    • Randy Storage Units - Cheap Self Storage Near You / Self-Storage Facility

    Property Details for 6050 Winchester Rd

    Year built
    1983
    Lot size
    1.14 lot acres
    Property size
    4,040 SF
    Zone code
    CMU-2
    Property type
    Drive through restaurants
    APN
    093-400- - -00243
    APU
    9340000243

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8612
    Latitude
    35.0505
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,086
    $135,960
    $390,760
    $526,720
    -
    $339,900
    $976,900
    $1,316,800

    Comparable in this City

    • Value Estimation
      $315,000
      3,465 SF

      6869 Winchester Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,465 SF
      6869 Winchester Rd, Memphis, TN 38115-4401
      View Details
    • Value Estimation
      $375,000
      780 SF

      5387 Winchester Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 780 SF
      5387 Winchester Rd, Memphis, TN 38115-4566
      View Details
    • Value Estimation
      $280,000
      2,730 SF

      6210 Winchester Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,730 SF
      6210 Winchester Rd, Memphis, TN 38115-4175
      View Details
    • Value Estimation by Request
      3,128 SF

      3587 Riverdale Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,128 SF
      3587 Riverdale Rd, Memphis, TN 38115-4406
      View Details
    • Value Estimation
      $320,000
      2,392 SF

      5965 Apple Tree Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,392 SF
      5965 Apple Tree Dr, Memphis, TN 38115
      View Details
    • Value Estimation
      $1,405,000
      808 SF

      6000 Mt Moriah Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 808 SF
      6000 Mt Moriah Rd, Memphis, TN 38115-1624
      View Details

    Similar Nearby for Sale

    • $595,000
      1,178 SF

      Prime Memphis Restaurant Building

      Drive-thru, high-traffic location, renovated 2022
      6255 Winchester Rd, Memphis, TN 38115
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      6,624 SF

      Memphis Restaurant Space - Turnkey Opportunity

      6,624 SF Restaurant, Fully Equipped Kitchen
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    • $1,300,000
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      Memphis Retail Space - Mt. Moriah Rd

      Prime Retail Building, 6,103 SF, High Traffic
      2551 Mount Moriah Rd, Memphis, TN 38115
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    • $1,400,000
      17,000 SF

      Memphis Retail Center - Mt. Moriah Rd

      High-traffic retail space, 17,000 SF, ample parking.
      2645 Mount Moriah Rd, Memphis, TN 38115
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    • $1,300,000
      17,000 SF

      Retail Property on Mount Moriah

      Retail property available for sale in Memphis, Tennessee.
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    • $299,000
      2,364 SF

      Former Bank Branch For Sale

      2,364 SF Memphis bank branch ideal for office or retail.
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    Similar Nearby for Lease

    • $4 SF/Yr
      243,588 SF

      6616 Winchester Rd

      Theaters & concert halls • 243,588 SF
      6616 Winchester Rd, Memphis, TN 38115
      View Details
    • $13 SF/Yr
      6,103 SF

      Prime East Memphis Commercial Property

      6,103 SF Office/Retail Space - $1.3M
      2551 Mount Moriah Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      28,346 SF

      Winchester Road Retail Center

      High-traffic retail spaces available.
      6785 Winchester Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      6,480 SF

      Memphis Office Space for Lease

      Prime Memphis location, multiple suites available
      5376 Knight Arnold Rd, Memphis, TN 38115
      View Details
    • $12 SF/Yr
      185,550 SF

      Hickory Commons Office Space

      Memphis Office Suites Available
      6472-6554 Winchester Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      2,160 SF

      Retail Center with Restaurant Space

      Retail center with restaurant and medical building opportunities.
      5376-5396 Knight Arnold Rd, Memphis, TN 38115
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      891
    • Avg Time on site
      19 min
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    6050 Winchester Rd
    Memphis, TN 38115-4011
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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