Financial
Distress signals
Property profile

2597 Carnes Ave Memphis, TN 38114

OFF-MARKET
Auto shops
Property ID
US80-1408975
2,376 SF 0.1 ac lot Built 1962
Last sale Aug 2023 · $9,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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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?
$824
Tax billed · 2022
Assessed value · 2023$14k
Assessed land$4k
Assessed improvement$9k
Effective rate6.09%

Value estimate

· Sep 2026
$60k
$54k – $66k
AI approach$60k

Realmo valuation models over county records and 5 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 comparables5

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.7
Realty agency13.3
Skin Care Clinic11.5

Location

2597 Carnes Ave Memphis, TN 38114-2528
County assessor Recorded deeds · 4 transfers 5 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2524 Lamar, Memphis, TN 38114-4347 $125,000 Jun 2025 1,350 SF
2292 Park, Memphis, TN 38114-6614 $180,000 Mar 2025 1,736 SF
2900 Park, Memphis, TN 38114-2729 $80,000 Aug 2022 1,976 SF
2050 Airways, Memphis, TN 38114-5218 $120,000 Aug 2021 3,683 SF
2876 Park, Memphis, TN 38114-2729 $65,000 May 2021 1,523 SF
2688 Lamar, Memphis, TN 38114-4351 $95,000 Apr 2020 3,100 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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