Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

3495 Lamar Ave Memphis, TN 38118

FOR SALE
Manufacturing properties
Property ID
US80-1962098
107,059 SF 6.56 ac lot Built 1958
Last sale Dec 2023 · $2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial facility configured with approximately 80,000 square feet of warehouse space and about 27,000 square feet of office/lab area, with the office portion capable of being demolished to increase warehouse capacity. It is fully conditioned and features a 16-foot ceiling height. The site covers 6.56 acres and includes 160 total parking spaces, with 125 spaces fenced and gated. Electrical service is rated at 1,600 amps and is supported by a 40 hp compressor. The facility…

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?
$51k
Tax billed · 2022
Assessed value · 2023$837k
Assessed land$242k
Assessed improvement$595k
Effective rate6.09%

Value estimate

· Oct 2026
$2.31M
$2.08M – $2.54M
AI approach$2.28M
Submarket $/SF estimate$2.35M
NOI build-up
Gross scheduled income$1.80M
Vacancy & credit loss−$171k
Operating expenses−$569k
NOI · 24.88% cap applied$1.06M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$31/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$22 – $48

Cap rate analysis

How does the asset earn?
24.88%
$1.06M 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?
EMP
The EMP District is intended to accommodate office, light manufacturing, research and development, warehousing, wholesale, processing and...
General categoryINDUSTRIAL
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 agency14.6
Law Firm14.3
Hair Salon10.3

Location

3495 Lamar Ave Memphis, TN 38118
County assessor Recorded deeds · 6 transfers 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4481 Distriplex, Memphis, TN 38118-9202 $6,283,000 Dec 2025 169,272 SF
3861 Delp, Memphis, TN 38118-6123 $2,580,000 Jan 2024 52,487 SF
4750 Cromwell, Memphis, TN 38118-6311 $3,750,000 Sep 2022 86,654 SF
4041 Hatcher, Memphis, TN 38118-6815 $275,000 Feb 2022 25,274 SF
3779 Knight, Memphis, TN 38118-6331 $7,735,550 Jun 2021 125,540 SF
3980 Pilot, Memphis, TN 38118-6928 $800,000 May 2021 33,150 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved