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Property profile & analytics
OFF-MARKET Estimated value $120,000
Drive through restaurants

811 Highland St Memphis, TN 38111-4248

2,219 SF 0.24 ac lot Built 1962
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-0815871
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1962
Total area 2,219 SF
Lot 0.24 ac (10,542 SF)
Zoning code CMU-1
APN 045-115- - -00014
UPID US80-0815871
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
  • Dixie King Restaurant
  • Jack Pirtle's Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$110k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k
Owner & transaction history
Ralph Michael Robison · 4 yrs held
Ralph Michael Robison
since 2022
Last sale
$153,000
1 recorded transaction
2022
$153,000
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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