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Property profile & analytics
OFF-MARKET Estimated value $165,000
Drive through restaurants

862 Thomas St Memphis, TN 38107-2542

684 SF 0.49 ac lot Built 1948
Entity Owned 1-yr Hold Free & Clear
Property ID
US80-3263186
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1948
Total area 684 SF
Lot 0.49 ac (21,562 SF)
Zoning code MU
APN 027-005- - -00062-C
UPID US80-3263186
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
  • Bandos 901 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k
Owner & transaction history
County Of Shelby · 1 yrs held
County Of Shelby
since 2025
3 recorded transactions
2025
$8,318
2024
Price N/A
2007
$85,000
Zoning & alternative use
MU · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with retail or restaurant uses on the ground floor and office and/or residential uses on the upper floors. D. Commercial Mixed Use (CMU-) The co…

Zone name Mixed Use
General category MIXED_USE
Zone area 418.40 ac
Source CHAPTER 1
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