Property profile

1845 3rd St Memphis, TN 38109

OFF-MARKET
Retail space
Saved · see the list in your Dashboard
Property ID
US80-2031228
14,708 SF 1.52 ac Built 2005
Last sale Jan 2015·$5,874,341
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 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?
$49k
Tax billed · 2022
Assessed value · 2023$800k
Assessed land$213k
Assessed improvement$587k
Effective rate6.09%

Value estimate

· Nov 2026
$425k
$383k – $468k
CAP approach$2.19M
Submarket $/SF estimate$2.09M

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

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$37 – $142
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-3
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require hi...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office26.6
Law Firm25.3
Restaurant24.6

Location

1845 3rd St Memphis, TN 38109-7717
County assessor Recorded deeds · 1 transfer 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
5226 3rd, Memphis, TN 38109-6236 $137,000 Jan 2026 9,330 SF
4324 3rd, Memphis, TN 38109-5265 $193,600 Sep 2023 9,125 SF
3501 3rd, Memphis, TN 38109-8243 $1,825,396 Aug 2023 10,640 SF
4696 3rd, Memphis, TN 38109-6281 $900,000 Jul 2023 16,456 SF
2195 3rd, Memphis, TN 38109-7709 $95,000 Apr 2023 6,000 SF
1890 3rd, Memphis, TN 38109-7714 $1,600,000 Nov 2022 4,800 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

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 1845 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved