3129 Thomas St Memphis, TN 38127
Property profile & analytics
3129 Thomas St Memphis, TN 38127
- Retail space
- 12,835 SF
- 0.87 lot acres
Property ID
US80-1315526
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Western Union / Bank / Credit Union
- Dollar General / Discount Store
Property Details for 3129 Thomas St
- Year built
- 1988
- Lot size
- 0.87 lot acres
- Property size
- 12,835 SF
- Zone code
- CMU-1
- Property type
- Retail space
- APN
- 069-027- - -00006-C
- APU
- 06902700006C
Description
This exceptional retail property, located at 3129 Thomas St, Memphis, TN 38127, presents a compelling investment opportunity. The 12,835 square foot building sits on a prominent 0.87-acre corner lot in a densely populated retail corridor of North Memphis. The property boasts a strong history as a former Dollar General and Walgreens, benefiting from high visibility and established customer traffic. The site enjoys exceptional proximity to numerous national retailers, including McDonald's, Dollar Tree, Taco Bell, Walgreens, and Subway, creating a synergistic retail environment. Key features include a new roof installed in 2018 with a 20-year warranty, ensuring long-term cost savings. The property's location on Thomas Street experiences a high volume of vehicular traffic, with 29,966 vehicles passing daily. This translates to significant potential for a wide range of retail uses. The asking price is $975,000, representing a price per square foot of $75.96. This single-story building offers a substantial footprint and significant potential for immediate occupancy or redevelopment. The property's strategic location and strong retail presence make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,065,000
- AI Estimate
- $1,343,000
Market price range: $287k - $1.11MMarket price range: $405k - $1.40M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,835,000
- OFFICE BUILDING
- $1,530,000
- AUTO REPAIR, GARAGE
- $1,245,000
- APARTMENT HOUSE (5+ UNITS)
- $1,140,000
- NEIGHBORHOOD: SHOPPING CENTER
- $940,000
- COMMERCIAL (GENERAL)
- $775,000
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0329
- Latitude
- 35.2111
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,383
$24,000
$343,440
$367,440
-
$60,000
$858,600
$918,600
