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    Property profile & analytics

    371 Main St Memphis, TN 38103

    • Retail space
    • 5,176 SF
    • 0.13 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US80-2148123
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 371 Main St

    Year built
    1880
    Lot size
    0.13 lot acres
    Property size
    5,176 SF
    Zone code
    SM
    Property type
    Retail space
    APN
    002-104- - -00003
    APU
    210400003

    Description

    This exceptional multi-level commercial building, situated at 371 S MAIN St in the heart of Downtown Memphis, Tennessee, presents a unique investment opportunity. Priced at $2,000,000, this property offers a blank canvas for a complete renovation, allowing the buyer to create a space perfectly tailored to their specific needs. The building's flexible and spacious layouts provide immense potential for a variety of commercial uses. Its central downtown location offers unparalleled access to Memphis' vibrant business district, ensuring high visibility and convenient access for customers and employees. The property is being sold as-is, and buyers should be prepared to undertake a substantial renovation project to realize its full potential. Serious inquiries only

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0581
    Latitude
    35.1364
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,325
    $36,400
    $34,600
    $71,000
    -
    $91,000
    $86,500
    $177,500

    Comparable in this City

    • Value Estimation
      $180,000
      4,500 SF

      77 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      77 Frnt St, Memphis, TN 38103-2905
      View Details
    • Value Estimation
      $185,000
      7,449 SF

      111 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,449 SF
      111 Madison Ave, Memphis, TN 38103-2119
      View Details
    • Value Estimation
      $220,000
      5,520 SF

      83 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      83 Madison Ave, Memphis, TN 38103-2137
      View Details
    • Value Estimation
      $2,265,000
      32,788 SF

      2 Main St

      RETAIL STORES (PERSONAL SERVICES) • 32,788 SF
      2 Main St, Memphis, TN 38103-2105
      View Details
    • Value Estimation
      $2,535,000
      34,969 SF

      409 Main St

      RETAIL STORES (PERSONAL SERVICES) • 34,969 SF
      409 Main St, Memphis, TN 38103-4225
      View Details
    • Value Estimation
      $1,310,000
      3,500 SF

      335 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      335 Main St, Memphis, TN 38103
      View Details

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    371 Main St
    Memphis, TN 38103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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