Financial
Distress signals
Property profile

1243 Raines Rd Memphis, TN 38116

OFF-MARKET
Individual retail properties
Property ID
US80-1862721
3,280 SF 0.49 ac lot Built 1996
Last sale Oct 2010
Trust Owned Owner of record is a trust. 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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. 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?
$3k
Tax billed · 2022
Assessed value · 2023$44k
Assessed land$15k
Assessed improvement$29k
Effective rate6.09%

Value estimate

· Sep 2026
$230k
$207k – $253k
AI approach$230k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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 agency21.7
Law Firm19.2
Building Supply18.2

Location

1243 Raines Rd Memphis, TN 38116-5877
County assessor Recorded deeds · 1 transfer 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
3459 Windcrest, Memphis, TN 38116-3619 $100,000 May 2025 2,784 SF
1652 Winchester, Memphis, TN 38116-3518 $320,000 Jan 2025 3,636 SF
979 Brks, Memphis, TN 38116-3124 $268,768 Jan 2024 2,800 SF
878 Raines, Memphis, TN 38116-6303 $140,000 Oct 2023 3,600 SF
2015 Brks, Memphis, TN 38116-2401 $360,000 Oct 2023 3,864 SF
865 Brks, Memphis, TN 38116-3122 $1,200,000 May 2023 2,994 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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