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    Property profile & analytics

    3375 Southern Ave Memphis, TN 38111-8223

    • Garden apartment buildings
    • 8,624 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $745,000
    Last Sale
    Mar 13, 2020
    $875,000
    Location Intelligence
    Property ID
    US80-2886079
    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

    • The Junction at The Belle / Apartment Building
    • Glen Oak / Apartment Building

    Property Details for 3375 Southern Ave

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.96 lot acres
    Property size
    8,624 SF
    Zone code
    RU-3
    Property type
    Garden apartment buildings
    APN
    045-110- - -00021-C
    APU
    04511000021C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $725,000

    • CAP approach

      CAP return
      Estimation
      6%
      $895,000
      6.5%
      $855,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $790,000
      Retail
      $780,000
      Mixed-Use
      $755,000
      Hospitality
      $665,000
      Educational
      $810,000
      Residential Income
      $920,000
      Energy
      $800,000
      Income-Based Land
      $675,000
      Food Service
      $855,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9496
    Latitude
    35.1145
    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
    $19,576
    $42,000
    $279,360
    $321,360
    -
    $105,000
    $698,400
    $803,400

    Comparable in this City

    • Value Estimation by Request
      3,136 SF

      203 Wills St

      GARDEN APT, COURT APT (5+ UNITS) • 3,136 SF
      203 Wills St, Memphis, TN 38111-3554
      View Details
    • Value Estimation
      $75,000
      6,100 SF

      2675 Felix Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,100 SF
      2675 Felix Ave, Memphis, TN 38111-1548
      View Details
    • Value Estimation
      $660,000
      11,610 SF

      3972 New Willow Rd

      GARDEN APT, COURT APT (5+ UNITS) • 11,610 SF
      3972 New Willow Rd, Memphis, TN 38111-7157
      View Details
    • Value Estimation
      $175,000
      3,600 SF

      1204 Aubra Rd

      GARDEN APT, COURT APT (5+ UNITS) • 3,600 SF
      1204 Aubra Rd, Memphis, TN 38111-2854
      View Details
    • Value Estimation
      $340,000
      3,276 SF

      1174 Semmes St

      GARDEN APT, COURT APT (5+ UNITS) • 3,276 SF
      1174 Semmes St, Memphis, TN 38111-2800
      View Details
    • Value Estimation
      $880,000
      5,400 SF

      3427 Southern Ave

      GARDEN APT, COURT APT (5+ UNITS) • 5,400 SF
      3427 Southern Ave, Memphis, TN 38111-8228
      View Details

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      311,564 SF

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      Retail property with high visibility near the University of Memphis.
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      1,000 SF

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      Retail space available in a high-traffic Memphis location.
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    3375 Southern Ave
    Memphis, TN 38111-8223
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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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