Financial
Distress signals
Property profile

306 Cleveland St Memphis, TN 38104

OFF-MARKET
Garden apartment buildings
Property ID
US80-0659538
78,498 SF 1.24 ac lot Built 1928
Last sale Dec 2023 · $2,405,925
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years.
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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 · 2023

What does the county charge?
$49k
Tax billed · 2023
Assessed value · 2024$811k
Assessed land$235k
Assessed improvement$577k
Effective rate6.09%

Value estimate

· Sep 2026
$2.41M
$2.16M – $2.65M
AI approach$2.41M
Submarket $/SF estimate$2.65M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$55 – $124

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?
CA
The CA District is intended to conserve agricultural land and undeveloped natural amenities while preventing the encroachment of incompat...
General categoryAGRICULTURAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service8.4
Pet Grooming Service8.4
Electrical Service8.3

Location

306 Cleveland St Memphis, TN 38104-3582
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1508 Madison, Memphis, TN 38104-8404 $2,000,000 Jun 2025 19,223 SF
2015 Ct, Memphis, TN 38104-2778 $485,000 Dec 2024 8,432 SF
236 Watkins, Memphis, TN 38104-1500 $1,000,000 May 2024 8,252 SF
1300 Goodbar, Memphis, TN 38104-4579 $2,272,262 May 2024 23,466 SF
1751 Poplar, Memphis, TN 38104-6451 $775,000 May 2024 26,533 SF
1170 Peabody, Memphis, TN 38104-4503 $1,010,000 Apr 2024 7,604 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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