Financial
Distress signals
Property profile

5040 Summer Ave Memphis, TN 38122

OFF-MARKET
Strip malls
Property ID
US80-1893592
8,229 SF 1.1 ac lot Built 1977
Last sale Jul 2019 · $530,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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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. 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?
$10k
Tax billed · 2022
Assessed value · 2023$165k
Assessed land$105k
Assessed improvement$60k
Effective rate6.09%

Value estimate

· Sep 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$32 – $133
Qualifying comparables5

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 agency28.9
Law Firm24.7
Dental Office23.6

Location

5040 Summer Ave Memphis, TN 38122-4319
County assessor Recorded deeds · 2 transfers 5 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
4899 Summer, Memphis, TN 38122-4321 $980,000 Jun 2024 7,479 SF
5099 Old Summer, Memphis, TN 38122-4429 $1,500,000 May 2024 15,952 SF
630 Highland, Memphis, TN 38122-5104 $563,000 May 2023 6,756 SF
854 Vaughn, Memphis, TN 38122-2567 $175,000 Jan 2023 8,089 SF
750 White Sta, Memphis, TN 38122 $285,000 Aug 2021 3,706 SF
3670 Summer, Memphis, TN 38122-3740 $360,000 Dec 2018 3,218 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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