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    Property profile & analytics

    3385 Airways Blvd Memphis, TN 38116-3841

    • Office buildings
    • 71,617 SF
    • 4.34 lot acres
    OFF-MARKET
    Value Estimation
    $945,000
    Last Sale
    Aug 24, 2022
    $900,000
    Location Intelligence
    Property ID
    US80-3287499
    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

    • Jesse H Turner Jr CPA / Accountant
    • Synergy Outpatient Pro Counseling / Alcoholism Treatment Program
    • Comprehensive Screening & Wellness, LLC / Medical Clinic
    • Brittenum Law / Attorney
    • Moss Barber Shop / Barber Shop

    Property Details for 3385 Airways Blvd

    Year built
    1967
    Lot size
    4.34 lot acres
    Property size
    71,617 SF
    Zone code
    CMU-3
    Property type
    Office buildings
    APN
    078-008- - -00009
    APU
    7800800009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $965,000
      6.5%
      $835,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,095,000
      Retail
      $1,050,000
      Mixed-Use
      $1,085,000
      Hospitality
      $800,000
      Educational
      $1,120,000
      Residential Income
      $920,000
      Energy
      $1,070,000
      Income-Based Land
      $875,000
      Food Service
      $1,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9925
    Latitude
    35.0562
    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
    $31,854
    $194,640
    $328,280
    $522,920
    -
    $486,600
    $820,700
    $1,307,300

    Comparable in this City

    • Value Estimation by Request
      945 SF

      1102 Hale Rd

      OFFICE BUILDING • 945 SF
      1102 Hale Rd, Memphis, TN 38116-6394
      View Details
    • Value Estimation by Request
      80,006 SF

      3851 Airways Blvd

      OFFICE BUILDING • 80,006 SF
      3851 Airways Blvd, Memphis, TN 38116-5070
      View Details
    • Value Estimation
      $540,000
      7,440 SF

      1396 Shelby Dr

      OFFICE BUILDING • 7,440 SF
      1396 Shelby Dr, Memphis, TN 38116-7200
      View Details
    • Value Estimation
      $535,000
      17,800 SF

      5134 Millbranch Rd

      OFFICE BUILDING • 17,800 SF
      5134 Millbranch Rd, Memphis, TN 38116-8527
      View Details
    • Value Estimation by Request
      1,241 SF

      1201 Winchester Rd

      OFFICE BUILDING • 1,241 SF
      1201 Winchester Rd, Memphis, TN 38116-4344
      View Details
    • Value Estimation
      $205,000
      1,350 SF

      2097 Winchester Rd

      OFFICE BUILDING • 1,350 SF
      2097 Winchester Rd, Memphis, TN 38116-3801
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      1,008 SF

      Retail Space on Shelby Drive

      Retail space with high visibility near Memphis International Airport.
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      8,320 SF

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      89,993 SF

      Secured Industrial Park in Memphis

      Gated industrial park with ample loading and 18’ clear height.
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      View Details
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    Memphis, TN 38116-3841
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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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