Financial
Distress signals
Property profile

3030 Covington Pike Memphis, TN 38128

OFF-MARKET
Medical Office Space
Property ID
US80-3428507
20,252 SF 1.64 ac lot Built 1974
Last sale Mar 2022 · $1,875,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This office property is located in a mixed-use area with documented high pedestrian and vehicular activity, positioned at a busy intersection. The surrounding area includes major national retail tenants and uses such as Home Depot, Burlington, and Walgreens, along with medical facilities, pharmacies, restaurants, and other nearby neighborhood services.

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?
$24k
Tax billed · 2022
Assessed value · 2023$395k
Assessed land$108k
Assessed improvement$287k
Effective rate6.09%

Value estimate

· Sep 2026
$1.49M
$1.34M – $1.64M
AI approach$1.46M
Submarket $/SF estimate$1.24M

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

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$58 – $211
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 agency45.5
Building Supply32.6
Restaurant31.2

Location

3030 Covington Pike Memphis, TN 38128-5048
County assessor Recorded deeds · 3 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
4913 Raleigh Cmn, Memphis, TN 38128-2485 $2,400,000 Dec 2025 18,298 SF
4901 Raleigh Cmn, Memphis, TN 38128-2478 $157,474 Aug 2022 17,376 SF
2860 Covington, Memphis, TN 38128-8090 $3,930,000 Mar 2022 19,592 SF
4031 Austin Peay, Memphis, TN 38128-2503 $3,908,000 Jul 2021 7,939 SF
3068 Covington, Memphis, TN 38128-5001 $450,000 Apr 2019 15,419 SF
5020 English Towne, Memphis, TN 38128-0917 $3,000,000 Dec 2018 9,546 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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