Financial
Distress signals
Property profile

3188 Chelsea Ave Memphis, TN 38108

OFF-MARKET
Retail space
Property ID
US80-1683485
1,436 SF 0.29 ac lot Built 1954
Last sale Jan 2017 · $70,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space with an area of 1,267 square feet.

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 · 2022

What does the county charge?
$941
Tax billed · 2022
Assessed value · 2023$15k
Assessed land$5k
Assessed improvement$10k
Effective rate6.09%

Value estimate

· Sep 2026
$210k
$189k – $231k
AI approach$220k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$37 – $142
Qualifying comparables7

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.9
Convenience Store9.0
Plumbing Service9.0

Location

3188 Chelsea Ave Memphis, TN 38108-1934
County assessor Recorded deeds · 4 transfers 7 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
1119 Springdale, Memphis, TN 38108-3044 $40,000 Sep 2024 1,260 SF
1127 Springdale, Memphis, TN 38108-3044 $80,000 Aug 2022 1,500 SF
2110 Chelsea, Memphis, TN 38108-2201 $38,000 Mar 2022 1,500 SF
2976 Chelsea, Memphis, TN 38108-1800 $5,000 Jun 2021 1,538 SF
3046 Chelsea, Memphis, TN 38108-1808 $18,770 Apr 2021 1,551 SF
1660 Wls Sta, Memphis, TN 38108-2962 $100,000 Oct 2020 1,254 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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