3495 Austin Peay Hwy Memphis, TN 38128-3801
Property profile & analytics
3495 Austin Peay Hwy Memphis, TN 38128-3801
- Retail space
- 6,860 SF
- 0.93 lot acres
Property ID
US80-3430673
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.
Location Intelligence
Current Use by Public Records
- Neat Heating And Cooling / HVAC Service / General Contractor
Property Details for 3495 Austin Peay Hwy
- Year built
- 2006
- Lot size
- 0.93 lot acres
- Property size
- 6,860 SF
- Zone code
- CMU-2
- Property type
- Retail space
- APN
- 085-016- - -00034
- APU
- 8501600034
Description
This exceptional 6,860-square-foot freestanding building, located at 3495 Austin Peay Highway in Memphis, Tennessee, presents a unique investment opportunity. Originally constructed in 2006 for Advanced Auto Parts, the property underwent a complete renovation in 2022, receiving its Certificate of Occupancy on December 5, 2022, and is now ideally suited for a variety of retail or medical office uses. The extensive 2022 renovations included new grading, parking lot repairs, striping and signage, roofing, complete interior and exterior painting, a new fire sprinkler system, plumbing upgrades, ADA-compliant restrooms, HVAC system upgrades, electrical upgrades, new glass, handrails and railings, exam rooms, office spaces, cabinetry, new doors and hardware, epoxy flooring, and landscaping. The property sits on a 40,511-square-foot lot and offers ample parking with 45 spaces. Zoned Commercial (CMU-2), this single-building property is currently vacant and ready for immediate occupancy. Its prime location in Shelby County, with easy access via Austin Peay Highway, makes it an attractive prospect for businesses seeking high visibility and convenient access. The asking price is $1,000,000. APN: 085-016-00034. This is a turnkey opportunity for an investor or business owner seeking a move-in ready space with significant recent improvements.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $570,000
- ML approach
- $565,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $958,000
- AI Estimate
- $714,000
Market price range: $253k - $975kMarket price range: $211k - $730k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $570,000 Current use
- MEDICAL BUILDING
- $980,000 Change: +72% Conversion: Difficult
- OFFICE BUILDING
- $820,000 Change: +44% Conversion: Easy
- AUTO REPAIR, GARAGE
- $665,000 Change: +17% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $610,000 Change: +7% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $505,000 Change: -12% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9101
- Latitude
- 35.221
- 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
$19,284
$82,320
$234,240
$316,560
-
$205,800
$585,600
$791,400
