Property profile

2878 Covington Pike Memphis, TN 38128

OFF-MARKET
Warehouses
Saved · see the list in your Dashboard
Property ID
US80-1293313
51,900 SF 3.01 ac Built 1998
Last sale Apr 1998·$480,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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?
$69k
Tax billed · 2022
Assessed value · 2023$1.13M
Assessed land$134k
Assessed improvement$996k
Effective rate6.09%

Value estimate

· Nov 2026
$615k
$554k – $677k
Submarket $/SF estimate$2.04M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$39/SF
Submarket average, outlier-cleaned · 509 recorded sales of this use type
Observed band · Q1–Q3$19 – $62
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?
OG
B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of...
General categoryCIVIC_INSTITUTIONAL
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 agency21.5
Law Firm16.0
Gym & Fitness11.8

Location

2878 Covington Pike Memphis, TN 38128-8090
County assessor Recorded deeds · 1 transfer 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4882 English Towne, Memphis, TN 38128-0988 $1,421,000 Mar 2026 16,738 SF
4875 Stage, Memphis, TN 38128-4958 $1,850,000 Jan 2022 85,660 SF
Hawkins Ml, Memphis, TN 38128 $1,864,123 Apr 2021 201,722 SF
3219 Austin Peay, Memphis, TN 38128 $1,600,000 Mar 2020 180,630 SF
3040 Austin Peay, Memphis, TN 38128-4602 $6,037,000 Apr 2019 68,147 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 2878 Covington Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved