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Financial
Distress signals
Property profile

1532 2nd Pl Memphis, TN 38116

OFF-MARKET
Industrial properties
Property ID
US80-2895002
50,252 SF 2.03 ac lot Built 1977
Last sale Feb 2022 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 50,000-square-foot warehouse, located at 1532 Two Place, Memphis, TN 38116, presents a significant leasing opportunity. Built in 1977 and extensively renovated in 2023, this single-tenant industrial property offers 20,000 square feet of immediately available space. The building boasts a 22-foot ceiling height, providing ample vertical storage capacity. Logistics are simplified with four loading docks, four dock-high doors, and one drive-in door, ensuring efficient handling…

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?
$17k
Tax billed · 2022
Assessed value · 2023$285k
Assessed land$35k
Assessed improvement$250k
Effective rate6.09%

Value estimate

· Oct 2026
$1.43M
$1.29M – $1.57M
AI approach$1.56M
Submarket $/SF estimate$1.06M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$41/SF
Submarket average, outlier-cleaned · 113 recorded sales of this use type
Observed band · Q1–Q3$19 – $80

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?
EMP
The EMP District is intended to accommodate office, light manufacturing, research and development, warehousing, wholesale, processing and...
General categoryINDUSTRIAL
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 agency22.3
Law Firm16.2
Dental Office16.0

Location

1532 2nd Pl Memphis, TN 38116-3510
County assessor Recorded deeds · 3 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
1507 2nd, Memphis, TN 38116-3509 $3,125,000 Jun 2025 53,136 SF
3261 Commercial, Memphis, TN 38116-3251 $150,000 Oct 2024 16,212 SF
3086 Carrier, Memphis, TN 38116-2406 $2,625,000 Apr 2024 17,770 SF
3349 Winbrook, Memphis, TN 38116-3603 $440,000 Jan 2024 18,320 SF
3402 Fontaine, Memphis, TN 38116 $1,200,000 Dec 2023 38,250 SF
3143 Carrier, Memphis, TN 38116-2407 $1,060,000 Aug 2023 16,500 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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