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Financial
Distress signals
Property profile

255 Vance Ave Memphis, TN 38126

OFF-MARKET
Auto shops
Property ID
US80-1739001
3,030 SF 0.46 ac lot Built 1961
Last sale Jul 1998 · $22,435
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 0.455-acre commercial and residential land parcel presents a unique investment opportunity in Memphis, Tennessee's burgeoning South City/South Forum area, within the Central Business Improvement District (CBID). The property boasts high visibility along Vance Avenue, a major east-west corridor. Its strategic location places it within easy walking distance of FedEx Forum, home to the Memphis Grizzlies and University of Memphis Tigers, as well as Beale Street's vibrant…

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.

Debts

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$53k
Assessed land$36k
Assessed improvement$17k
Effective rate6.09%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$240k

Realmo valuation models over county records and 7 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 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?
SDR
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
General categoryCOMMERCIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store9.5
Carpet & Flooring Store9.3
Electrical Service9.3

Location

255 Vance Ave Memphis, TN 38126-1933
County assessor Recorded deeds · 3 transfers 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
691 Dr Ml King Jr, Memphis, TN 38126-1940 $260,000 Apr 2024 5,508 SF
699 Dr Ml King Jr, Memphis, TN 38126-1940 $260,000 Apr 2024 5,780 SF
901 Vance, Memphis, TN 38126-2910 $375,000 Oct 2022 4,665 SF
167 Webster, Memphis, TN 38126-3009 $240,000 Oct 2021 2,280 SF
855 Vance, Memphis, TN 38126-2908 $46,500 Aug 2021 5,000 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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