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Property profile & analytics
OFF-MARKET Estimated value $560,000
Strip malls

644 Highland St Memphis, TN 38111-4356

12,800 SF 0.65 ac lot Built 1952
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-0820539
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1952
Total area 12,800 SF
Lot 0.65 ac (28,227 SF)
Zoning code CMU-2
APN 046-010- - -00019
UPID US80-0820539
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
  • The Mystic Eye Gift Shop Herbalist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$710k
Blend (final) Blend
$560k
Owner & transaction history
Azo Property LLC · 4 yrs held
Azo Property LLC
since 2022
Last sale
$620,000
7 recorded transactions
2022
Price N/A
2019
Price N/A
2017
$620,000
2015
$590,338
2015
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
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