Property profile

3219 Watkins St Memphis, TN 38127

OFF-MARKET
Retail space
Property ID
US80-1218865
1,440 SF 0.14 ac lot Built 1960
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,440 SF
Lot 0.14 ac (6,011 SF)
Zoning code CMU-1
APN 070-062- - -00037
UPID US80-1218865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3219 Watkins St Memphis, TN 38127-6429
Memphis metro Census 10122 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2026
Last sale
$40,000
4 recorded transactions
2026
$40,000
2018
$33,500
2018
Price N/A
2013
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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