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Financial
Distress signals
Property profile

3144 S 3Rd St Memphis, TN 38106

FOR LEASE
Drive through restaurants
Property ID
US80-1273377
2,718 SF 0.58 ac lot Built 1986
Last sale Feb 2023 · $1,425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3144 S 3Rd St, Memphis, TN 38106 For Lease
$1,370,000 2,718 SF available
3144 S 3Rd St, Memphis, TN 38106
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Property summary

AI-generated overview

The property is a fee simple, drive-thru quick-service restaurant building historically operated as a Kentucky Fried Chicken, configured for an absolute NNN-style lease structure with tenant and personal guarantees reported for portions of the term. The site includes an on-site drive-thru lane arranged to support streamlined customer flow and is associated with large pylon signage for street visibility. It is located near the signalized intersection of East Eh Crump Boulevard and South 3rd…

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?
$10k
Tax billed · 2022
Assessed value · 2023$166k
Assessed land$36k
Assessed improvement$130k
Effective rate6.09%

Value estimate

· Oct 2026
$1.37M
$1.23M – $1.51M
AI approach$1.33M
Submarket $/SF estimate$1.37M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables10

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 agency15.5
HVAC Service10.8
Law Firm10.5

Location

3144 S 3Rd St Memphis, TN 38106
County assessor Recorded deeds · 7 transfers 10 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1551 Netherwood, Memphis, TN 38106-2411 $150,000 Mar 2025 1,971 SF
1474 3rd, Memphis, TN 38106-5246 $900,000 Sep 2024 2,262 SF
2454 Elvis Presley, Memphis, TN 38106-8008 $244,789 Jan 2024 2,400 SF
1362 Main, Memphis, TN 38106-4174 $35,000 Aug 2023 1,904 SF
1467 Elvis Presley, Memphis, TN 38106-5912 $71,700 Oct 2022 3,500 SF
1175 Bellevue, Memphis, TN 38106-3427 $179,000 Apr 2022 3,829 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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