Financial
Distress signals
Property profile

1540 Union Ave Memphis, TN 38104

FOR LEASE
Drive through restaurants
Property ID
US80-1159429
3,359 SF 0.63 ac lot Built 1963
Last sale Jan 2025 · $2,435,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 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?
$17k
Tax billed · 2022
Assessed value · 2023$280k
Assessed land$123k
Assessed improvement$157k
Effective rate6.09%

Value estimate

· Sep 2026
$290k
$261k – $319k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$161/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$63 – $339
Qualifying comparables3

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 agency20.4
Building Supply16.1
HVAC Service15.4

Location

1540 Union Ave Memphis, TN 38104
County assessor Recorded deeds · 2 transfers 3 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
2185 Young, Memphis, TN 38104-5747 $272,000 Apr 2025 2,488 SF
2232 Central, Memphis, TN 38104-5508 $375,000 Mar 2025 3,563 SF
1923 Poplar, Memphis, TN 38104-2654 $2,200,000 Nov 2024 2,680 SF
90 Cleveland, Memphis, TN 38104-2304 $250,000 May 2024 3,015 SF
1466 Madison, Memphis, TN 38104-6313 $170,000 Apr 2024 3,062 SF
1041 Dr Ml King Jr, Memphis, TN 38104-1400 $145,000 Mar 2024 3,491 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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