Property profile

3430 Summer Ave Memphis, TN 38122

FOR SALE
Medical Office Space
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Property ID
US80-0174789
8,742 SF 0.85 ac Built 1968
Last sale Apr 2022·$789,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A stand-alone medical office building located at 3430 Summer Avenue in East Memphis, positioned on a high-traffic road with an average annual daily traffic count of 27,207. The building provides 8,567 square feet of medical office space and has been occupied by Mental Health Cooperative. The facility is under a NNN-style net lease structure (triple-net characteristics), with 5 years remaining at the time described and 3% escalations. The surrounding area includes retailers such as Walgreens,…

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 · 2022

What does the county charge?
$15k
Tax billed · 2022
Assessed value · 2023$245k
Assessed land$61k
Assessed improvement$184k
Effective rate6.09%

Value estimate

· Nov 2026
$625k
$563k – $688k
AI approach$525k
Submarket $/SF estimate$769k
NOI build-up
Gross scheduled income$210k
Vacancy & credit loss−$31k
Operating expenses−$45k
NOI · 7.84% cap applied$134k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$58 – $211
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.84%
$134k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CMU-3
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require hi...
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 agency31.0
Law Firm23.2
Pharmacy16.9

Location

3430 Summer Ave Memphis, TN 38122
County assessor Recorded deeds · 4 transfers 3 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4321 Summer, Memphis, TN 38122-4048 $1,700,000 Jan 2025 19,585 SF
4146 Summer, Memphis, TN 38122-5228 $120,000 Nov 2023 972 SF
740 Bartlett, Memphis, TN 38122-3004 $289,000 Jun 2023 3,600 SF
4177 Macon, Memphis, TN 38122-2413 $290,000 Sep 2022 3,617 SF
3787 Summer, Memphis, TN 38122-3746 $190,000 Dec 2020 3,030 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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