Property profile

2887 Covington Pike Memphis, TN 38128

OFF-MARKET
Retail space
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Property ID
US80-1908425
3,053 SF 0.34 ac Built 1988
Last sale Apr 2019·$200,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 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?
$5k
Tax billed · 2022
Assessed value · 2023$87k
Assessed land$23k
Assessed improvement$64k
Effective rate6.09%

Value estimate

· Nov 2026
$215k
$194k – $237k
AI approach$215k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$37 – $142
Qualifying comparables12

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-2
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding n...
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 agency40.3
Building Supply27.2
Law Firm24.9

Location

2887 Covington Pike Memphis, TN 38128-6060
County assessor Recorded deeds · 1 transfer 12 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4200 Wales, Memphis, TN 38128-6830 $65,000 Apr 2025 3,074 SF
4101 Yale, Memphis, TN 38128-3330 $847,167 May 2024 3,007 SF
2961 Covington, Memphis, TN 38128-6060 $4,147,500 Jul 2023 2,480 SF
3250 Coleman, Memphis, TN 38128-4605 $475,000 Feb 2023 2,400 SF
4081 Jackson, Memphis, TN 38128-6343 $110,000 Jan 2022 2,842 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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