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    2995 Frayser-Raleigh Rd Memphis, TN 38128

    Sponsored
    For Sale
    $320,000

    Acre+ lot, ideal for residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents three contiguous residential lots totaling slightly over an acre, strategically located in Memphis, Tennessee, at 2995 Frayser-Raleigh Rd, zip code 38128. The property, encompassing parcels 084002-00004, 084002-00003, and 084002-00002 (sold as a single unit, not individually), offers significant potential for various residential developments. Its prime location directly across the street from a Nike facility and in close proximity to an Amazon distribution center provides excellent visibility and accessibility. The asking price for this combined land parcel is $320,000. This is a rare chance to acquire a substantial land holding in a rapidly developing area of Shelby County. The address is clearly identified as 2995 Frayser-Raleigh Rd, Memphis, TN 38128. Given its size and location, this property is well-suited for a variety of residential projects, making it an attractive investment for builders and developers alike. Don't miss this chance to secure this valuable asset in a high-growth area. The property's coordinates are 35.2206775 latitude and -89.9636864 longitude.

    Property Features for 2995 Frayser-Raleigh Rd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9636864
    Latitude
    35.2206775

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    FAQs

    What type of property is this?
    Land - Acre+ lot, ideal for residential development.
    Where is this land located?
    The property is located at 2995 Frayser-Raleigh Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $320,000.
    Request Owner's contact information
    2995 Frayser-Raleigh Rd Memphis, TN 38128
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    Memphis, TN 38128
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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
    2995 Frayser-Raleigh Rd Memphis, TN 38128
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