Property profile

2605 Summer Ave Memphis, TN 38112

OFF-MARKET
Warehouses
Saved · see the list in your Dashboard
Property ID
US80-3419271
23,399 SF 0.98 ac Built 1971
Last sale Sep 2011·$55,481
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 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?
$8k
Tax billed · 2022
Assessed value · 2023$126k
Assessed land$91k
Assessed improvement$34k
Effective rate6.09%

Value estimate

· Nov 2026
$280k
$252k – $308k
AI approach$450k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$26/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$19 – $39
Qualifying comparables7

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.6
Dental Office19.0
Restaurant16.8

Location

2605 Summer Ave Memphis, TN 38112-2609
County assessor Recorded deeds · 12 transfers 7 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
566 Bingham, Memphis, TN 38112-2208 $900,000 Jan 2025 20,496 SF
2615 Summer, Memphis, TN 38112-2609 $500,000 Oct 2024 14,093 SF
2727 Faxon, Memphis, TN 38112-2302 $1,600,000 Aug 2022 32,382 SF
737 Scott, Memphis, TN 38112-2219 $58,000 Jun 2022 15,177 SF
742 Sc0tt, Memphis, TN 38112 $65,000 Aug 2021 10,488 SF
205 Scott, Memphis, TN 38112-3911 $1,000,000 May 2021 42,340 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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