Financial
Distress signals
Property profile

3240 Austin Peay Hwy Memphis, TN 38128

OFF-MARKET
Drive through restaurants
Property ID
US80-1787047
666 SF 0.51 ac lot Built 1995
Last sale Jun 2025 · $975,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A free-standing restaurant building situated on a hard corner, located less than one mile from multiple retail and quick-service tenants, and down the road from the Raleigh Springs Civic Center, a 65 multi-acre civic facility that includes a public library, skate park, pond, walking trail, and a police department. The property is positioned in an area with a mix of regional retailers and fast-casual/quick-service restaurants, and it is associated with traffic on Austin Peay Highway measured at 27,903 AADT.

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?
$6k
Tax billed · 2022
Assessed value · 2023$102k
Assessed land$45k
Assessed improvement$57k
Effective rate6.09%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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

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-2
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding n...
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 agency25.2
Dental Office22.6
Law Firm19.0

Location

3240 Austin Peay Hwy Memphis, TN 38128-6502
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3545 Austin Peay, Memphis, TN 38128-3717 $326,700 Feb 2026 2,131 SF
2114 Covington, Memphis, TN 38128-6907 $369,592 Jul 2025 1,836 SF
4326 Stage, Memphis, TN 38128-5727 $50,000 Aug 2024 1,326 SF
4228 James, Memphis, TN 38128-5622 $200,000 Apr 2024 1,820 SF
4102 Jackson, Memphis, TN 38128-6300 $34,100 Mar 2024 999 SF
4119 Jackson, Memphis, TN 38128-6347 $150,000 Aug 2023 941 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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