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Property profile & analytics
FOR LEASE
Drive through restaurants

3144 S 3Rd St Memphis, TN 38106

2,718 SF 0.58 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1273377
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Total area 2,718 SF
Lot 0.58 ac (25,178 SF)
Zoning code CMU-1
APN 013-007- - -00004-C
UPID US80-1273377
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
  • KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.37M
Owner & transaction history
3rd Street Retail LLC · 3 yrs held
3rd Street Retail LLC
since 2023
Last sale
$1.4M
3 recorded transactions
2023
$1.4M
2022
Price N/A
1969
Price N/A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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