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Property profile

119 Racine St Memphis, TN 38111

OFF-MARKET
Office buildings
Property ID
US80-1183963
10,000 SF 0.5 ac lot Built 1965
Last sale May 1998 · $203,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$12k
Tax billed · 2022
Assessed value · 2023$202k
Assessed land$39k
Assessed improvement$163k
Effective rate6.09%

Value estimate

· Oct 2026
$195k
$176k – $215k
AI approach$305k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$119/SF
Submarket average, outlier-cleaned · 520 recorded sales of this use type
Observed band · Q1–Q3$63 – $194

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 agency32.6
Restaurant27.8
Dental Office20.7

Location

119 Racine St Memphis, TN 38111-2704
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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
81 Tillman, Memphis, TN 38111-2711 $700,000 Jul 2025 4,576 SF
3040 Walnut Grv, Memphis, TN 38111-3508 $1,400,000 Mar 2024 10,180 SF
483 Highland, Memphis, TN 38111 $4,766,850 Aug 2022 25,923 SF
91 Tillman, Memphis, TN 38111-2711 $530,000 Feb 2022 6,732 SF
2842 Poplar, Memphis, TN 38111-2032 $739,000 Jan 2021 4,109 SF
3355 Poplar, Memphis, TN 38111-4682 $1,300,000 Dec 2020 21,724 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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