Financial
Distress signals
Property profile

3545 Austin Peay Hwy Memphis, TN 38128

FOR SALE
Drive through restaurants
Property ID
US80-0617981
2,131 SF 0.97 ac lot Built 2021
Last sale Feb 2026 · $326,700
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3545 Austin Peay Hwy, Memphis, TN 38128 For Sale
$1,805,000 2,131 SF
3545 Austin Peay Hwy, Memphis, TN 38128
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents two available outparcels in the thriving Marketplace at Raleigh. Situated across from the new $65 million Raleigh Civic Center and minutes from Methodist North Hospital, this location boasts unparalleled visibility and accessibility. The property offers 0.85 to 1.7 acres of land ideal for build-to-suit development, ground lease, or outright purchase. Benefit from the high traffic counts on nearby Austin Peay Highway (25,157 AADT) and Yale…

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 · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$462k
Assessed land$68k
Assessed improvement$394k
Effective rate6.09%

Value estimate

· Sep 2026
$1.81M
$1.62M – $1.99M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables6

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?
CMU-2
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding n...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency40.0
Law Firm27.4
Building Supply27.4

Location

3545 Austin Peay Hwy Memphis, TN 38128
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2114 Covington, Memphis, TN 38128-6907 $369,592 Jul 2025 1,836 SF
4075 Jackson, Memphis, TN 38128-6343 $120,000 Dec 2024 2,304 SF
3589 James, Memphis, TN 38128-5368 $915,000 Aug 2023 2,384 SF
4288 Fayette, Memphis, TN 38128-5726 $55,000 Aug 2023 2,136 SF
2961 Covington, Memphis, TN 38128-6060 $4,147,500 Jul 2023 2,480 SF
3250 Coleman, Memphis, TN 38128-4605 $475,000 Feb 2023 2,400 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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