Property profile

3842 Austin Peay Hwy Memphis, TN 38128

OFF-MARKET
Strip malls
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Property ID
US80-3431245
53,204 SF 11.81 ac Built 1994
Last sale May 2023·$7,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$122k
Tax billed · 2022
Assessed value · 2023$2.00M
Assessed land$544k
Assessed improvement$1.46M
Effective rate6.09%

Value estimate

· Nov 2026
$7.03M
$6.33M – $7.73M
AI approach$8.53M
Submarket $/SF estimate$6.85M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$32 – $133
Qualifying comparables3

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 agency31.9
Building Supply25.0
Wholesale Shop21.0

Location

3842 Austin Peay Hwy Memphis, TN 38128-2501
County assessor Recorded deeds · 5 transfers 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3203 Coleman, Memphis, TN 38128-6553 $675,000 Feb 2025 13,664 SF
3830 Austin Peay, Memphis, TN 38128-2501 $1,850,000 Oct 2024 40,932 SF
3514 Ramill, Memphis, TN 38128-3300 $800,000 Nov 2023 29,575 SF
2927 Covington, Memphis, TN 38128-6060 $4,147,500 Jul 2023 40,466 SF
3292 Austin Peay, Memphis, TN 38128-6502 $371,000 Mar 2022 57,856 SF
3505 Ramill, Memphis, TN 38128-3301 $1,275,000 Feb 2022 17,337 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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