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    Property profile & analytics

    3268 3rd St Memphis, TN 38109-2944

    • Hotels
    • 2,405 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US80-0970249
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motel 61 / Motel

    Property Details for 3268 3rd St

    Year built
    1989
    Lot size
    1.94 lot acres
    Property size
    2,405 SF
    Zone code
    CMU-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    050-124- - -00012-C
    APU
    05012400012C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0583
    Latitude
    35.0596
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,803
    $50,240
    $110,680
    $160,920
    -
    $125,600
    $276,700
    $402,300

    Comparable in this City

    • Value Estimation
      $385,000
      9,792 SF

      4063 3rd St

      HOTEL/MOTEL • 9,792 SF
      4063 3rd St, Memphis, TN 38109-4403
      View Details
    • Value Estimation
      $390,000
      11,576 SF

      2996 3rd St

      HOTEL/MOTEL • 11,576 SF
      2996 3rd St, Memphis, TN 38109-2954
      View Details
    • Value Estimation
      $355,000
      5,722 SF

      2991 3rd St

      HOTEL/MOTEL • 5,722 SF
      2991 3rd St, Memphis, TN 38109-2953
      View Details
    • Value Estimation
      $225,000
      10,812 SF

      3283 3rd St

      HOTEL/MOTEL • 10,812 SF
      3283 3rd St, Memphis, TN 38109-2941
      View Details
    • Value Estimation
      $185,000
      11,545 SF

      3495 3rd St

      HOTEL/MOTEL • 11,545 SF
      3495 3rd St, Memphis, TN 38109
      View Details
    • Value Estimation
      $380,000
      11,349 SF

      4030 Horn Lk Rd

      HOTEL/MOTEL • 11,349 SF
      4030 Horn Lk Rd, Memphis, TN 38109-4506
      View Details

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      1.00 Acre

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      0.29 Acres

      Residential Lot in Memphis

      Residential lot suitable for development or investment in Memphis, TN.
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    • $50,000
      2.48 Acres

      2.48 Acres Ready For Development

      2.48 acre lot with utilities in place for development.
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    Similar Nearby for Lease

    • Contact for pricing
      105,310 SF

      Secured Industrial Park Warehouse Space

      Gated industrial park with ample loading and 18' clear height.
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      Manufacturing and distribution space available in Memphis, Tennessee.
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      582 AC Industrial Land Available

      582 AC industrial land for lease or sale in Memphis.
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      Commercial Land For Rent

      Commercial land parcel for rent in a busy area.
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    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      887
    • Avg Time on site
      18 min
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    Memphis, TN 38109-2944
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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