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Property profile & analytics
OFF-MARKET Estimated value $980,000
Strip malls

6645 Winchester Rd Memphis, TN 38115-4335

10,620 SF 1.16 ac lot Built 1990
Trust Owned 17-yr Hold Free & Clear
Property ID
US80-3376768
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Total area 10,620 SF
Lot 1.16 ac (50,530 SF)
Zoning code CMU-2
APN 093-500- - -00363
UPID US80-3376768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$980k
Owner & transaction history
Lipson Trust · 17 yrs held
Lipson Trust
since 2008
3 recorded transactions
2008
Price N/A
2005
$1.6M
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
Top alternative use upside
Medical building $1.5M +94.9%
Apartment house (5+ units) $945,000 +21.2%
Office building $880,000 +12.6%
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