Financial
Distress signals
Property profile

203 E Trigg Ave Memphis, TN 38106

FOR SALE
Other warehouses
Property ID
US80-1513731
30,658 SF 1.85 ac lot Built 1947
Last sale Dec 2025 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 30,500-square-foot warehouse located on 8.94 acres in the Memphis area, with access to major highways I-55 and I-69 and to downtown Memphis. It is situated off Highway 61, approximately 2 miles from the I-55 interchange. Zoning is EMP, permitting uses including office, light manufacturing, research and development, warehousing, wholesale, and processing. The property had no additional specific improvements or configurations described beyond the warehouse and site acreage.

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?
$4k
Tax billed · 2022
Assessed value · 2023$63k
Assessed land$12k
Assessed improvement$51k
Effective rate6.09%

Value estimate

· Sep 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$489k
Vacancy & credit loss−$44k
Operating expenses−$67k
NOI · 38.42% cap applied$378k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$19/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$13 – $36

Cap rate analysis

How does the asset earn?
38.42%
$378k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency18.2
Law Firm15.4
Spa & Massage12.3

Location

203 E Trigg Ave Memphis, TN 38106
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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
215 Mclemore, Memphis, TN 38106-1563 $1,700,000 Jul 2025 21,440 SF
1711 Latham, Memphis, TN 38106-6205 $1,200,000 Mar 2025 39,719 SF
57 Virginia, Memphis, TN 38106-1635 $750,000 Feb 2025 31,512 SF
1235 Riverside, Memphis, TN 38106-2528 $400,000 May 2023 27,478 SF
1010 Riverside, Memphis, TN 38106-1524 $600,000 Mar 2023 24,700 SF
285 Trigg, Memphis, TN 38106-2508 $260,000 Feb 2023 44,400 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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