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Property profile & analytics
OFF-MARKET Estimated value $5,985,000
Retail space

6939 Shelby Dr Memphis, TN 38141-7847

15,840 SF 1.53 ac lot Built 2014
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-2736565
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 15,840 SF
Lot 1.53 ac (66,603 SF)
Zoning code RU-3
APN 093-700- - -00579
UPID US80-2736565
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
  • Walgreens Pharmacy Pharmacy
  • COVID-19 Drive-thru Testing at Walgreens Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • Western Union Bank Credit Union
  • Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.99M
Owner & transaction history
Carlsbad Fuels Corp · 4 yrs held
Carlsbad Fuels Corp
since 2021
Last sale
$7.5M
3 recorded transactions
2021
$7.5M
2017
$6.9M
2014
$1.7M
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $4.9M +271.2%
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