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    Property profile & analytics

    2878 Covington Pike Memphis, TN 38128-8090

    • Warehouses
    • 51,900 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimation
    $555,000
    Location Intelligence
    Property ID
    US80-1293313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Public Storage / Self-Storage Facility / Automobile Storage Facility

    Property Details for 2878 Covington Pike

    Year built
    1998
    Lot size
    3.01 lot acres
    Property size
    51,900 SF
    Zone code
    OG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    088-012- - -00135
    APU
    8801200135

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $495,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $425,000
      Mixed-Use
      $420,000
      Hospitality
      $505,000
      Educational
      $530,000
      Residential Income
      $550,000
      Energy
      $455,000
      Income-Based Land
      $580,000
      Food Service
      $545,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8935
    Latitude
    35.2041
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $68,879
    $134,480
    $996,240
    $1,130,720
    -
    $336,200
    $2,490,600
    $2,826,800

    Comparable in this City

    • Value Estimation
      $180,000
      7,134 SF

      2865 Hammond Rd

      MINI-WAREHOUSE, STORAGE • 7,134 SF
      2865 Hammond Rd, Memphis, TN 38128-5732
      View Details
    • Value Estimation
      $320,000
      1,172 SF

      4143 Jackson Ave

      MINI-WAREHOUSE, STORAGE • 1,172 SF
      4143 Jackson Ave, Memphis, TN 38128
      View Details
    • Value Estimation by Request
      11,150 SF

      2830 Old Austin Peay Hwy

      MINI-WAREHOUSE, STORAGE • 11,150 SF
      2830 Old Austin Peay Hwy, Memphis, TN 38128-6306
      View Details
    • Value Estimation by Request
      15,700 SF

      3775 New Allen Rd

      MINI-WAREHOUSE, STORAGE • 15,700 SF
      3775 New Allen Rd, Memphis, TN 38128
      View Details
    • Value Estimation by Request
      1,146,617 SF

      3100 New Frayser Blvd

      MINI-WAREHOUSE, STORAGE • 1,146,617 SF
      3100 New Frayser Blvd, Memphis, TN 38128-2703
      View Details
    • Value Estimation by Request
      68,147 SF

      3040 Austin Peay Hwy

      MINI-WAREHOUSE, STORAGE • 68,147 SF
      3040 Austin Peay Hwy, Memphis, TN 38128-4602
      View Details

    Similar Nearby for Sale

    • $300,000
      7,134 SF

      Memphis Industrial Warehouse

      7,134 SF Warehouse, $300K
      2865 Hammond Rd, Memphis, TN 38128
      View Details
    • $799,000
      8,000 SF

      Memphis Retail Building - 8,000 SF

      Prime North Memphis location, ideal for owner-user.
      3544 Covington Pike, Memphis, TN 38128
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    • Contact for pricing
      18.85 Acres

      Memphis Commercial Land - 18 Acres

      Prime Memphis land, mixed-use zoning, high traffic.
      4855 Egypt Central Rd, Memphis, TN 38128
      View Details
    • $350,000
      1.00 Acre

      Memphis Commercial Land - Austin Peay Hwy

      One-acre commercial lot near major retailers.
      0 Austin Peay Hwy, Memphis, TN 38128
      View Details
    • $1,100,000
      2,089 SF

      Valvoline NNN Ground Lease Opportunity

      New construction Valvoline NNN ground lease in Memphis, Tennessee.
      4704 Yale Rd, Memphis, TN 38128
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    • Contact for pricing
      0.85 Acres

      Memphis Commercial Land Opportunity

      High-traffic location, build-to-suit options.
      3545 Austin Peay Hwy, Memphis, TN 38128
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,091 SF

      Office and Flex Space Available

      Office, flex, and warehouse spaces for rent in Memphis.
      2175 Elmore Rd, Memphis, TN 38128
      View Details
    • Contact for pricing
      14,885 SF

      Covington Springs Retail Center

      Memphis Shopping Center: Suites Available
      3830-3854 Austin Peay Hwy, Memphis, TN 38128
      View Details
    • Contact for pricing
      570 SF

      Memphis Retail Space - Covington Pike

      Prime 570 SF Retail/Restaurant Space
      2974 Covington Pike, Memphis, TN 38128
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Austin Peay

      Retail space in busy shopping center with high traffic.
      3421-4565 Austin Peay Hwy, Memphis, TN 38128
      View Details
    • Contact for pricing
      17,755 SF

      Timber Creek Retail Center Spaces

      Multiple Suites, 1355-12700 SF Available
      2794 Coleman Rd, Memphis, TN 38128
      View Details
    • $11 SF/Yr
      20,000 SF

      Covington Pike Restaurant Space

      Memphis Retail/Office Opportunity
      3024 Covington Pike, Memphis, TN 38128
      View Details
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    Memphis, TN 38128-8090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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