Property profile

91 2nd St Memphis, TN 38103

OFF-MARKET
Retail space
Property ID
US80-0578337
13,450 SF 0.06 ac lot Built 1883
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1883
Total area 13,450 SF
Lot 0.06 ac (2,483 SF)
Zoning code CBD
APN 002-053- - -00009
UPID US80-0578337

Cap rate & NOI

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

Location

91 2nd St Memphis, TN 38103-3000
Memphis metro Census 4200 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$817k
Blend (final) Blend
$740k

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
2000
$710,000
1999
$749,102

Zoning & alternative use

CBD · Memphis, TN
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LU…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Apartment house (5+ units) $1.2M +46.5%
Neighborhood: shopping center $985,000 +20.9%

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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