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    3005 Frayser-Raleigh Rd Memphis, TN 38128

    For Sale
    $320,000

    Three lots, over an acre, near Nike & Amazon.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents three contiguous residential lots totaling slightly more than an acre in Memphis, Tennessee. Located at 3005 Frayser-Raleigh Rd, zip code 38128, this property boasts a highly desirable location, situated directly across the street from a Nike facility and within close proximity to an Amazon distribution center. The combined parcels, identified as 084002-00004, 084002-00003, and 084002-00002, will be sold as a single unit and will not be subdivided. The asking price for this significant land holding is $320,000. Given its size, location, and proximity to major employers, this property presents a compelling opportunity for various residential development projects. The land's versatility makes it suitable for a range of uses, offering significant potential for future growth and return on investment. Detailed parcel information is available upon request. This is a rare opportunity to acquire a substantial land parcel in a rapidly developing area of Memphis. Don't miss out on this chance to secure a prime piece of real estate. Serious inquiries only.

    Property Features for 3005 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
    -89.963225692406
    Latitude
    35.221029161665

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    FAQs

    What type of property is this?
    Land - Three lots, over an acre, near Nike & Amazon.
    Where is this land located?
    The property is located at 3005 Frayser-Raleigh Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $320,000.
    Request Owner's contact information
    3005 Frayser-Raleigh Rd 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
    3005 Frayser-Raleigh Rd Memphis, TN 38128
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