Property profile

621 Mendenhall Rd Memphis, TN 38117

OFF-MARKET
Retail space
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Property ID
US80-3343792
2,658 SF 0.21 ac Built 1961
Last sale Mar 2020·$490,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 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?
$7k
Tax billed · 2022
Assessed value · 2023$108k
Assessed land$56k
Assessed improvement$52k
Effective rate6.09%

Value estimate

· Nov 2026
$405k
$365k – $446k
AI approach$410k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$37 – $142
Qualifying comparables11

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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply23.7
Wholesale Shop19.1
Auto Parts Store18.6

Location

621 Mendenhall Rd Memphis, TN 38117-4213
County assessor Recorded deeds · 3 transfers 11 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
759 Brookhaven, Memphis, TN 38117-4501 $425,000 Jan 2026 2,301 SF
5009 Park, Memphis, TN 38117-5701 $1,350,000 Feb 2024 2,656 SF
4445 Poplar, Memphis, TN 38117-3717 $14,250,000 Dec 2023 2,817 SF
660 Perkins, Memphis, TN 38117-4706 $625,000 Jul 2023 2,566 SF
710 Perkins, Memphis, TN 38117-4706 $210,000 Jul 2023 2,751 SF
615 Mendenhall, Memphis, TN 38117-4213 $275,000 Sep 2019 2,952 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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