Property profile

3440 3rd St Memphis, TN 38109

OFF-MARKET
Grocery and convenience stores
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Property ID
US80-1884863
912 SF 0.64 ac Built 1985
Last sale Dec 2003·$165,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$8k
Tax billed · 2022
Assessed value · 2023$129k
Assessed land$40k
Assessed improvement$89k
Effective rate6.09%

Value estimate

· Nov 2026
$230k
$207k – $253k
AI approach$230k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$32 – $133

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-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 agency26.0
Building Supply21.0
Dental Office16.6

Location

3440 3rd St Memphis, TN 38109-8204
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4355 3rd, Memphis, TN 38109-5269 $418,000 Feb 2026 1,682 SF
924 Mitchell, Memphis, TN 38109-8024 $100,000 Jan 2026 1,073 SF
298 Mallory, Memphis, TN 38109-2554 $1,250,000 May 2024 2,024 SF
3135 New Horn Lk, Memphis, TN 38109-2810 $900,000 Oct 2023 1,400 SF
203 Mitchell, Memphis, TN 38109-3727 $215,000 Jan 2023 1,760 SF
272 Silverage, Memphis, TN 38109-1855 $48,900 Apr 2022 1,380 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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