Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    630 Raines Rd Memphis, TN 38109-8334
    Property profile & analytics

    630 Raines Rd Memphis, TN 38109-8334

    View on Map
    • Drive through restaurants
    • 1,440 SF
    • 0.66 lot acres
    Off-Market
    Last Sale Mar 22, 2024
    $90,000
    Property ID
    US80-0073710
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oasis kitchen / Restaurant
    • National Wings and Foods / Restaurant

    Property Details for 630 Raines Rd

    Year built
    1963
    Lot size
    0.66 lot acres
    Property size
    1,440 SF
    Zone code
    CMU-1
    Property type
    Drive through restaurants
    APN
    076-013- - -00065
    APU
    7601300065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.043
    Latitude
    35.0356
    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
    $3,930
    $19,080
    $45,440
    $64,520
    -
    $47,700
    $113,600
    $161,300

    Comparable in this City

    • Value Estimation
      $1,550,000
      2,718 SF

      3995 3rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,718 SF
      3995 3rd St, Memphis, TN 38109-4403
      View Details
    • Value Estimation
      $570,000
      4,262 SF

      3120 3rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,262 SF
      3120 3rd St, Memphis, TN 38109-2950
      View Details
    • Value Estimation by Request
      3,570 SF

      1934 3rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,570 SF
      1934 3rd St, Memphis, TN 38109-7714
      View Details
    • Value Estimation by Request
      0.71 Acres

      4010 Horn Lake Rd

      Restaurants • 0.71 Acres
      4010 Horn Lake Rd, Memphis, TN 38109
      View Details
    • Value Estimation by Request
      2,770 SF

      1964 3rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,770 SF
      1964 3rd St, Memphis, TN 38109-7714
      View Details
    • Value Estimation by Request
      320 SF

      4062 3rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 320 SF
      4062 3rd St, Memphis, TN 38109-4471
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,275 SF

      Retail Property in Memphis

      Retail property available for sale in Memphis, Tennessee.
      548 E Mallory Ave, Memphis, TN 38109
      View Details
    • Contact for pricing

      Retail Space in Memphis Center

      Retail spaces available in a 212,000 SF shopping center.
      1979 S 3Rd St, Memphis, TN 38109
      View Details
    • $80,000
      3.90 Acres

      Memphis Land For Sale

      3.9 acres of commercially zoned mixed-use land in Memphis.
      Memphis, TN 38109
      View Details
    • Contact for pricing
      1,200 SF

      Stand-Alone Commercial Building Opportunity

      Value-add commercial property for sale or lease in developing area.
      2063 Castex St, Memphis, TN 38109
      View Details
    • Contact for pricing

      South Memphis Office/Warehouse with Yard

      Move-in ready office and warehouse facility with yard space.
      231 Parkway South Pkwy West, Memphis, TN 38109
      View Details
    • Contact for pricing
      6,400 SF

      Memphis Industrial Outdoor Storage Opportunity

      6,400 SF industrial property with value-add potential on 22 acres.
      1684 Florida St, Memphis, TN 38109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Germantown Retail, Restaurant, Medical Space

      Class A retail space available in new Germantown development.
      Winchester Rd, Germantown, TN 38109
      View Details
    • $1.00 SF/Yr

      Office and Warehouse Facility For Rent

      4,756 SF office and warehouse with yard and parking.
      231 Parkway South Pkwy West, Memphis, TN 38109
      View Details
    • Contact for pricing
      15,000 SF

      Warehouse/Shop on 5.44 Acres

      15,000 SF warehouse/shop on 5.44 acres for lease/sale.
      2964 S 3Rd St, Memphis, TN 38109
      View Details
    • Contact for pricing
      105,310 SF

      Secured Industrial Park Warehouse Space

      Gated industrial park with ample loading and 18' clear height.
      234-350 Titan Dr, Memphis, TN 38109
      View Details
    • Contact for pricing
      51,081 SF

      Memphis Manufacturing and Distribution Space

      Manufacturing and distribution space available in Memphis, Tennessee.
      2140 S 3Rd St, Memphis, TN 38109
      View Details
    • Contact for pricing
      18,852 SF

      Secured Industrial Park Space

      Gated industrial park with ample loading in Southwest Submarket.
      371-413 Saturn Dr, Memphis, TN 38109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    630 Raines Rd
    Memphis, TN 38109-8334
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    630 Raines Rd, Memphis, TN, 38109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!