Property profile

1551 Netherwood Ave Memphis, TN 38106

FOR SALE
Retail space
Saved · see the list in your Dashboard
Property ID
US80-0694182
1,971 SF 0.11 ac Built 1920
Last sale Jun 2025·$150,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

1549–1551 Netherwood consists of a combined property area totaling approximately 8,131 square feet, configured as interconnected spaces with a layout suitable for multiple commercial or flexible uses. The offering also includes the adjacent/associated building at 1544 Netherwood, which complements the larger property, providing two linked components that can support customization for different needs within a unified site.

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?
$1k
Tax billed · 2022
Assessed value · 2023$18k
Assessed land$2k
Assessed improvement$15k
Effective rate6.09%

Value estimate

· Nov 2026
$180k
$162k – $198k
AI approach$180k
NOI build-up
Gross scheduled income$122k
Vacancy & credit loss−$6k
Operating expenses−$35k
NOI$81k

Realmo valuation models over county records and 12 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 comparables12

Cap rate analysis

How does the asset earn?
$81k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CMU-1
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recyclin...
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 agency17.9
Law Firm16.5
Dental Office14.5

Location

1551 Netherwood Ave Memphis, TN 38106
County assessor Recorded deeds · 2 transfers 12 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
666 Trigg, Memphis, TN 38106-4649 $4,308 Oct 2024 1,897 SF
1474 3rd, Memphis, TN 38106-5246 $900,000 Sep 2024 2,262 SF
1362 Main, Memphis, TN 38106-4174 $35,000 Aug 2023 1,904 SF
455 Trigg, Memphis, TN 38106-4342 $22,500 Jul 2023 1,900 SF
1403 Elvis Presley, Memphis, TN 38106-4920 $45,000 Sep 2022 1,800 SF
206 Trigg, Memphis, TN 38106-2509 $10,000 Apr 2021 2,368 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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