Property profile

3068 Covington Pike Memphis, TN 38128

OFF-MARKET
Medical Office Space
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Property ID
US80-1793959
15,419 SF 1.22 ac Built 1982
Last sale Apr 2019·$450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 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?
$12k
Tax billed · 2022
Assessed value · 2023$199k
Assessed land$81k
Assessed improvement$118k
Effective rate6.09%

Value estimate

· Nov 2026
$365k
$329k – $402k
AI approach$365k
Submarket $/SF estimate$502k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$58 – $211
Qualifying comparables3

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 agency32.4
Law Firm25.3
Spa & Massage19.9

Location

3068 Covington Pike Memphis, TN 38128-5001
County assessor Recorded deeds · 3 transfers 3 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
4913 Raleigh Cmn, Memphis, TN 38128-2485 $2,400,000 Dec 2025 18,298 SF
4901 Raleigh Cmn, Memphis, TN 38128-2478 $157,474 Aug 2022 17,376 SF
2860 Covington, Memphis, TN 38128-8090 $3,930,000 Mar 2022 19,592 SF
3030 Covington, Memphis, TN 38128-5048 $1,875,000 Mar 2022 20,252 SF
4031 Austin Peay, Memphis, TN 38128-2503 $3,908,000 Jul 2021 7,939 SF
5020 English Towne, Memphis, TN 38128-0917 $3,000,000 Dec 2018 9,546 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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Includes: Price & PSF · Cap rate · Location · Zoning

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