Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

297 Mclemore Ave Memphis, TN 38106

OFF-MARKET
Strip malls
Property ID
US80-1277093
2,754 SF 0.15 ac lot Built 1933
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial building located in the Soulsville area of Memphis, Tennessee, within minutes of Downtown. It is zoned CMU-1 and is currently occupied. The premises are offered in an AS-IS condition.

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?
$2k
Tax billed · 2022
Assessed value · 2023$36k
Assessed land$5k
Assessed improvement$32k
Effective rate6.09%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$32 – $133
Qualifying comparables4

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.7
Law Firm14.2
Dental Office10.9

Location

297 Mclemore Ave Memphis, TN 38106-2938
County assessor Recorded deeds · 2 transfers 4 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
1503 Mclemore, Memphis, TN 38106-3643 $170,000 Dec 2023 4,464 SF
924 Kerr, Memphis, TN 38106-5708 $40,000 Nov 2021 4,800 SF
2453 Elvis Presley, Memphis, TN 38106-8007 $250,000 Jul 2021 2,879 SF
543 Mallory, Memphis, TN 38106-7410 $120,000 Mar 2021 4,854 SF
723 Pkwy E, Memphis, TN 38106-5606 $32,954 Dec 2020 4,494 SF
1413 Elvis Presley, Memphis, TN 38106-4920 $72,900 Oct 2020 2,966 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 297 Mclemore Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again