Property profile

3240 Watkins St Memphis, TN 38127

OFF-MARKET
Retail space
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Property ID
US80-0158653
1,064 SF 0.17 ac Built 1940
Last sale Sep 2024·$29,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A storefront property built in 1940 located at 3240 N Watkins St in Memphis, Tennessee. The building has undergone extensive updates that include new interior and exterior paint, a replaced HVAC system, a replaced water heater, a replaced roof, updated interior light fixtures, and an exterior door. Interior features include a small kitchen and a dedicated laundry area. The site includes a wooden deck, a secure fenced lot, and parking for approximately 10 vehicles. The property is zoned CMU-1,…

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 · 2023

What does the county charge?
$621
Tax billed · 2023
Assessed value · 2024$10k
Assessed land$4k
Assessed improvement$6k
Effective rate6.09%

Value estimate

· Nov 2026
$35k
$32k – $39k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$22 – $86
Qualifying comparables6

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 Firm17.8
Dental Office15.3
HVAC Service11.8

Location

3240 Watkins St Memphis, TN 38127-6417
County assessor Recorded deeds · 7 transfers 6 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
3219 Watkins, Memphis, TN 38127-6429 $40,000 Feb 2026 1,440 SF
2683 Watkins, Memphis, TN 38127-8505 $8,503 Oct 2024 792 SF
921 Whitney, Memphis, TN 38127 $69,000 Sep 2023 695 SF
3065 Thomas, Memphis, TN 38127-7605 $69,000 Sep 2023 675 SF
3716 Watkins, Memphis, TN 38127-4334 $40,000 Jun 2023 1,200 SF
3240 Thomas, Memphis, TN 38127-6001 $320,000 May 2023 1,664 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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Includes: Price & PSF · Cap rate · Location · Zoning

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