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    Property profile & analytics

    645 Mulberry Ave Selmer, TN 38375-3242

    • Drive through restaurants
    • 3,119 SF
    • 1.14 lot acres
    OFF-MARKET
    Value Estimation
    $1,420,000
    Last Sale
    Nov 20, 2024
    $1,420,000
    Location Intelligence
    Property ID
    US80-0319015
    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

    • Burger King / Fast Food Restaurant / Restaurant

    Property Details for 645 Mulberry Ave

    Year built
    2000
    Lot size
    1.14 lot acres
    Property size
    3,119 SF
    Zone code
    B1
    Property type
    Drive through restaurants
    APN
    055100 00906
    APU
    5510000906

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 3,119 square-foot Burger King restaurant located at 645 Mulberry Ave, Selmer, Tennessee, 38375. The property sits on a 1.1-acre lot and boasts a prominent drive-thru window. The current lease, an absolute NNN net lease with no landlord responsibilities, features a remaining term of 8.7 years, extending to July 31, 2033, with four 5-year renewal options. The lease includes a 10% rental increase every five years, providing consistent growth potential. The property benefits from a high-traffic location, with over 16,000 cars passing daily. The strong financial performance is further secured by the Burger King corporate guarantee. The asking price is $1,500,000, translating to $480.92 per square foot. This is a 100% occupied, single-story building, ideal for a 1031 exchange. The property's features, including the long-term lease, built-in rent increases, and corporate guarantee, make it a compelling investment opportunity in the thriving Selmer, Tennessee market. The property is offered in fee-simple ownership.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,390,000
      7%
      $1,475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,540,000
      Geo Method
      $1,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,260,000
      Retail
      $1,385,000
      Mixed-Use
      $1,175,000
      Hospitality
      $1,635,000
      Educational
      $1,530,000
      Residential Income
      $1,250,000
      Energy
      $1,185,000
      Income-Based Land
      $1,195,000
      Food Service
      $1,285,000

    Location Insight

    • Map
    • Local Demand
    City
    Selmer
    County
    Mcnairy
    State
    Tennessee
    Longitude
    -88.5778
    Latitude
    35.1531

    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
    $5,355
    $63,000
    $180,280
    $243,280
    -
    $157,500
    $450,700
    $608,200

    Comparable in this City

    • Value Estimation
      $205,000
      3,793 SF

      621 Mulberry Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,793 SF
      621 Mulberry Ave, Selmer, TN 38375-3242
      View Details
    • Value Estimation
      $1,255,000
      2,316 SF

      628 Mulberry Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,316 SF
      628 Mulberry Ave, Selmer, TN 38375-3241
      View Details
    • Value Estimation
      $365,000
      1,214 SF

      595 Mulberry Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,214 SF
      595 Mulberry Ave, Selmer, TN 38375-2309
      View Details
    • Value Estimation
      $305,000
      3,508 SF

      619 Mulberry Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,508 SF
      619 Mulberry Ave, Selmer, TN 38375-3242
      View Details
    • Value Estimation
      $300,000
      2,580 SF

      628 Mulberry Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,580 SF
      628 Mulberry Ave, Selmer, TN 38375-3241
      View Details
    • Value Estimation by Request
      1,240 SF

      543 Peach St

      RESTAURANT • 1,240 SF
      543 Peach St, Selmer, TN 38375-1642
      View Details

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    645 Mulberry Ave
    Selmer, TN 38375-3242
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    Realmo Value Estimation

    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.

    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.

    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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