Property profile

930 Hwy 51st N Covington, TN 38019

OFF-MARKET
Drive through restaurants
Property ID
US80-2564239
4,389 SF 2 ac lot Built 2021
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2021
Construction WOOD
Total area 4,389 SF
Lot 2 ac (87,120 SF)
APN 084025K B 01606
UPID US80-2564239

Cap rate & NOI

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

Location

930 Hwy 51st N Covington, TN 38019-1703
Covington metro Census 40700 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.76M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.61M

Owner & transaction history

since 2022
Last sale
$2.1M
6 recorded transactions
2022
$2.1M
2021
Price N/A
2020
Price N/A
2020
$325,000
1997
Price N/A
1969
Price N/A

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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