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Financial
Distress signals
Property profile

1934 3rd St Memphis, TN 38109

OFF-MARKET
Drive through restaurants
Property ID
US80-1913410
3,570 SF 0.44 ac lot Built 1979
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail property is located on the southeast corner of Belz Boulevard and Third Street. The building comprises approximately 3,500 square feet of retail space. The site sits at a corner location within a residential and employment area, providing direct exposure to the surrounding neighborhood and local traffic patterns.

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?
$4k
Tax billed · 2022
Assessed value · 2023$60k
Assessed land$23k
Assessed improvement$37k
Effective rate6.09%

Value estimate

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

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables8

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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office26.8
Law Firm25.6
Restaurant24.3

Location

1934 3rd St Memphis, TN 38109-7714
County assessor Recorded deeds · not on file 8 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3003 3rd, Memphis, TN 38109-2953 $25,000 Dec 2025 3,224 SF
2196 3rd, Memphis, TN 38109-7710 $1,800,000 Aug 2025 3,800 SF
2203 3rd, Memphis, TN 38109-7709 $25,000 Jan 2025 3,080 SF
245 Pkwy W, Memphis, TN 38109-1606 $60,000 Jan 2024 3,654 SF
570 Levi, Memphis, TN 38109-4330 $270,000 Sep 2023 4,429 SF
4283 3rd, Memphis, TN 38109-5178 $150,000 Jul 2023 3,252 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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