Property profile

2245 Lamar Ave Memphis, TN 38114

FOR SALE
Retail space
Saved · see the list in your Dashboard
Property ID
US80-0657233
9,020 SF 0.93 ac Built 2011
Last sale Nov 2025·$240,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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?
$25k
Tax billed · 2022
Assessed value · 2023$408k
Assessed land$42k
Assessed improvement$367k
Effective rate6.09%

Value estimate

· Nov 2026
$315k
$284k – $347k
CAP approach$1.39M
Submarket $/SF estimate$1.28M

Realmo valuation models over county records and 18 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 comparables18

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 agency41.1
Building Supply31.2
Law Firm28.1

Location

2245 Lamar Ave Memphis, TN 38114
County assessor Recorded deeds · 4 transfers 18 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1883 Lamar, Memphis, TN 38114-1930 $85,000 Jul 2025 4,425 SF
2383 Lamar, Memphis, TN 38114-3709 $1,000,000 Dec 2024 11,950 SF
2222 Dunn, Memphis, TN 38114-4724 $160,000 Apr 2024 3,255 SF
1427 Airways, Memphis, TN 38114-6603 $839,428 Jul 2023 6,889 SF
1428 Airways, Memphis, TN 38114-6653 $100,000 Jul 2022 4,980 SF
2400 Airways, Memphis, TN 38114-6010 $1,800,000 Jun 2022 5,670 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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