Financial
Distress signals
Property profile

2927 Covington Pike Memphis, TN 38128

OFF-MARKET
Strip malls
Property ID
US80-3288579
40,466 SF 3.69 ac lot Built 1985
Last sale Jul 2023 · $4,147,500
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$60k
Tax billed · 2022
Assessed value · 2023$983k
Assessed land$241k
Assessed improvement$742k
Effective rate6.09%

Value estimate

· Sep 2026
$4.00M
$3.60M – $4.39M
AI approach$4.16M
Submarket $/SF estimate$3.37M

Realmo valuation models over county records.

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

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 agency40.3
Building Supply27.2
Law Firm24.9

Location

2927 Covington Pike Memphis, TN 38128-6060
County assessor Recorded deeds · 4 transfers 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 · 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
3842 Austin Peay, Memphis, TN 38128-2501 $7,300,000 May 2023 53,204 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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