Financial
Distress signals
Property profile

2405 Summer Ave Memphis, TN 38112

OFF-MARKET
Auto shops
Property ID
US80-0472040
3,296 SF 0.2 ac lot Built 1950
Last sale Dec 2025 · $150,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building located on Summer Avenue, east of Parkway, with more than 3,000 square feet of interior space. It was previously used as an auto glass shop for many years. The building includes a relatively newer roof and is being delivered in as-is condition. The configuration and prior use make it suitable for continued operation as an auto glass business or related automotive service use.

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?
$3k
Tax billed · 2022
Assessed value · 2023$46k
Assessed land$21k
Assessed improvement$25k
Effective rate6.09%

Value estimate

· Sep 2026
$240k
$216k – $264k

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

Recently sold

What actually traded nearby?
$97/SF
Submarket average, outlier-cleaned · 238 recorded sales of this use type
Observed band · Q1–Q3$38 – $185
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 agency14.4
Dental Office12.0
Parking Facility11.4

Location

2405 Summer Ave Memphis, TN 38112-2517
County assessor Recorded deeds · 3 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
2886 Summer, Memphis, TN 38112-2914 $65,000 Aug 2023 2,756 SF
2484 Summer, Memphis, TN 38112-2628 $50,000 May 2023 2,242 SF
2948 Summer, Memphis, TN 38112-2972 $123,000 Mar 2023 4,700 SF
2564 Summer, Memphis, TN 38112-2608 $185,000 Feb 2023 4,774 SF
606 Vandalia, Memphis, TN 38112-3012 $525,000 Oct 2020 4,000 SF
3004 Summer, Memphis, TN 38112-2975 $300,000 Dec 2019 2,900 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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