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    3120 Lamar Ave Memphis, TN 38114

    For Sale
    $1,950,000

    16.9 acres of commercial land with two buildings.

    Property size:
    207,000 SF
    Lot size:
    16.49 Acres

    Property Features for 3120 Lamar Ave

    General Information

    Size
    207,000 SF
    Lot size
    16.49 Acres

    Source: Crump Commercial, LLC / CORFAC International Agent Charles H. Sevier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    16.9 Acres with Two Buildings

    This property features 16.9 acres of commercial land and includes two buildings. The total property size is 207000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9582975
    Latitude
    35.0833526

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    FAQs

    What type of property is this?
    Commercial land - 16.9 acres of commercial land with two buildings.
    Where is this commercial land located?
    The property is located at 3120 Lamar Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - 16.9 acres of land; - Includes 2 buildings
    (901) 573-1799
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    Memphis, TN 38114
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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
    3120 Lamar Ave Memphis, TN 38114
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