Property profile

679 Us Hwy 72 Collierville, TN 38017

OFF-MARKET
Grocery and convenience stores
Property ID
US80-2044548
5,088 SF 1.11 ac lot Built 1986
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Total area 5,088 SF
Lot 1.11 ac (48,352 SF)
Zoning code GC
APN C02-44 - -A-00659
UPID US80-2044548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

679 Us Hwy 72 Collierville, TN 38017
Collierville metro Census 60702 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$920k
Comparable Approach Comparable
$895k
Blend (final) Blend
$385k

Owner & transaction history

since 2016
1 recorded transaction
2016
$1.3M

Zoning & alternative use

GC · Collierville, TN
Zoning description

icts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.6M +254.8%
Medical building $755,000 +66.3%
Office building $740,000 +63.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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