Property profile

5023 Park Ave Memphis, TN 38117

OFF-MARKET
Retail space
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Property ID
US80-1327017
5,658 SF 0.59 ac Built 2003
Last sale Dec 2024·$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. ~ 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?
$20k
Tax billed · 2022
Assessed value · 2023$330k
Assessed land$92k
Assessed improvement$237k
Effective rate6.09%

Value estimate

· Nov 2026
$125k
$113k – $138k
AI approach$125k

Realmo valuation models over county records and 8 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 comparables8

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-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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.2
Electrical Service10.5
Storage Facility10.5

Location

5023 Park Ave Memphis, TN 38117-5701
County assessor Recorded deeds · 2 transfers 8 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
776 Brookhaven, Memphis, TN 38117-4502 $423,500 Jun 2024 8,058 SF
4445 Poplar, Memphis, TN 38117-3717 $14,250,000 Dec 2023 2,817 SF
650 Perkins, Memphis, TN 38117-4706 $625,000 Jul 2023 3,123 SF
740 Brookhaven, Memphis, TN 38117-4547 $317,500 Mar 2021 3,618 SF
1525 Cherry, Memphis, TN 38117-6454 $1,425,000 Feb 2021 5,151 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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