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    2412 Kate Bond Rd Memphis, TN 38133

    Sponsored
    For Sale
    $899,900

    7.2-acre development opportunity in Memphis, TN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.2-acre property, located at 2412 Kate Bond Rd, Memphis, TN 38133, presents a unique investment opportunity. Zoned CMU-2, this fee-simple land offers significant potential for diverse development. The sale encompasses three parcels totaling 8.3029 acres, including a 7.209-acre parcel ideal for future development, and Lots 1 and 2 of KATE BOND PD AMENDED AREA B PHASE 1 S/D. This versatile land is suitable for a variety of uses, including subdividing, retail strip centers, office parks, medical or dental offices, and storage units. The property's APN is 092009 00009. Please note that billboards located on Lots 1 and 2 are not included in the sale. This prime location in Shelby County offers excellent access and visibility, making it an attractive proposition for developers and investors seeking a high-growth area. The property's latitude and longitude coordinates are 35.19249017, -89.80274424 respectively. This is a rare opportunity to acquire a substantial land parcel in a thriving Memphis market.

    Property Features for 2412 Kate Bond Rd

    General Information

    Property type
    Land
    Lot Size
    313,632 SF

    HighLights

    • CMU‑2 zoning.
    • Three parcels totaling 8.3029+/- acres included in sale.
    • 7.209+/- acre future development parcel.
    • Includes Lots 1 and 2 of Kate Bond PD Amended Area B Phase 1 Subdivision.
    • Billboards on Lots 1 and 2 excluded from sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.80274424
    Latitude
    35.19249017

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    FAQs

    What type of property is this?
    Land - 7.2-acre development opportunity in Memphis, TN
    Where is this land located?
    The property is located at 2412 Kate Bond Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: CMU-2 zoning.; Three parcels totaling 8.3029+/- acres included in sale.; 7.209+/- acre future development parcel.
    (901) 565-7770
    Request Owner's contact information
    2412 Kate Bond Rd Memphis, TN 38133
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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
    2412 Kate Bond Rd Memphis, TN 38133
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