Financial
Distress signals
Property profile

2524 Lamar Ave Memphis, TN 38114

OFF-MARKET
Auto shops
Property ID
US80-1116833
1,350 SF 0.66 ac lot Built 1953
Last sale Jun 2025 · $125,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial land parcel located at 2524 Lamar Ave in Memphis, Tennessee. It is described as being sold in as-is condition, with information indicating that renovation or redevelopment may be considered for future use.

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?
$3k
Tax billed · 2023
Assessed value · 2024$46k
Assessed land$32k
Assessed improvement$15k
Effective rate6.09%

Value estimate

· Sep 2026
$100k
$90k – $110k
AI approach$100k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
Submarket average, outlier-cleaned · 238 recorded sales of this use type
Observed band · Q1–Q3$38 – $185

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-3
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require hi...
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 agency35.8
Law Firm31.1
Dental Office19.7

Location

2524 Lamar Ave Memphis, TN 38114-4347
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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1915 Mclemore, Memphis, TN 38114-2107 $80,000 Jan 2026 1,311 SF
1758 Lamar, Memphis, TN 38114-1620 $35,000 Dec 2025 1,289 SF
2950 Park, Memphis, TN 38114-2735 $62,050 Mar 2023 1,225 SF
2905 Lamar, Memphis, TN 38114-5019 $100,000 Mar 2023 1,280 SF
1609 Lamar, Memphis, TN 38114 $140,000 Dec 2022 1,239 SF
2876 Park, Memphis, TN 38114-2729 $65,000 May 2021 1,523 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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