Property profile

7300 Winchester Rd Memphis, TN 38125

FOR SALE
Other automotive properties
Property ID
US80-0913411
21,001 SF 5 ac lot Built 1995
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a fee simple commercial real estate asset located in Memphis, Tennessee, along Winchester Road, an east-west arterial road. It is situated in an area with documented high roadway traffic, including Winchester Road with more than 35,000 vehicles per day and nearby TN-385 with more than 92,000 vehicles per day. The surrounding neighborhood is described as dense infill with over 195,000 residents within a 5-mile radius, and the location is characterized by proximity to major retailers and services. It is stated to be located within about 20 miles of downtown Memphis. The property is described as being operated or structured under a long-term net lease arrangement, with references to a corporate and personal guarantee, and includes specified annual rent escalations of 2% during the primary term and any option periods. The asset is described as being situated in Tennessee.

Property profile

Verified
Property type Other automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1995
Total area 21,001 SF
Lot 5 ac (217,800 SF)
Zoning code RS-15
APN 093-500- - -00445
UPID US80-0913411

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Dealership
  • Insurance Agency
  • Insurance Agency
  • Auto Repair Shop

Location

7300 Winchester Rd Memphis, TN 38125
Memphis metro Census 21724 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.21M

Owner & transaction history

since 2021
Last sale
$2.8M
5 recorded transactions
2021
$2.8M
2020
Price N/A
2020
Price N/A
2004
Price N/A
2003
Price N/A

Zoning & alternative use

RS-15 · Memphis, TN
Top alternative use upside
Medical building $3.0M +47.6%
Office building $2.5M +23.1%

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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More about this property
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