Financial
Distress signals
Property profile

2140 3rd St Memphis, TN 38109

OFF-MARKET
Other warehouses
Property ID
US80-1884417
56,619 SF 2.89 ac lot Built 1964
Last sale Jan 2026 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of manufacturing and distribution space in Memphis, Tennessee, featuring both free-standing and multi-tenant building configurations. The buildings are served by Canadian National Railroad (CN RR). Land parcels of up to 20 acres are available, and the described property size is approximately 51,081 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value · 2023$102k
Assessed land$46k
Assessed improvement$56k
Effective rate6.09%

Value estimate

· Sep 2026
$480k
$432k – $528k
AI approach$480k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$39/SF
Submarket average, outlier-cleaned · 509 recorded sales of this use type
Observed band · Q1–Q3$19 – $62

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
EMP
The EMP District is intended to accommodate office, light manufacturing, research and development, warehousing, wholesale, processing and...
General categoryINDUSTRIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office22.0
Law Firm20.5
Restaurant18.7

Location

2140 3rd St Memphis, TN 38109-7734
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2070 3rd, Memphis, TN 38109-7734 $790,725 Dec 2025 63,988 SF
1284 Channel, Memphis, TN 38109 $410,000 Jan 2025 22,412 SF
226 Gage, Memphis, TN 38109-7702 $300,000 Dec 2023 23,316 SF
391 Mallory, Memphis, TN 38109-2525 $2,187,650 May 2023 149,307 SF
249 Mallory, Memphis, TN 38109-2569 $60,000 Oct 2021 57,221 SF
318 Mitchell, Memphis, TN 38109 $950,000 Apr 2021 22,468 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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