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Financial
Distress signals
Property profile

3530 Covington Pike Memphis, TN 38128

OFF-MARKET
Auto shops
Property ID
US80-1199357
16,275 SF 2.06 ac lot Built 1999
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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?
$22k
Tax billed · 2022
Assessed value · 2023$364k
Assessed land$114k
Assessed improvement$250k
Effective rate6.09%

Value estimate

· Oct 2026
$405k
$365k – $446k
Submarket $/SF estimate$867k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
Submarket average, outlier-cleaned · 238 recorded sales of this use type
Observed band · Q1–Q3$38 – $185

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-2
The CMU-2 District is intended to provide for commercial, office, and employment uses that serve through traffic as well as surrounding n...
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 agency23.3
Law Firm15.6
Spa & Massage15.3

Location

3530 Covington Pike Memphis, TN 38128-3926
County assessor Recorded deeds · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4954 Elmore, Memphis, TN 38128-6918 $5,250,000 Mar 2025 9,960 SF
4930 Elmore, Memphis, TN 38128 $5,250,000 Dec 2024 12,859 SF
2369 Covington, Memphis, TN 38128-6923 $390,000 Oct 2022 26,679 SF
2827 Old Austin Peay, Memphis, TN 38128-5603 $600,000 Aug 2022 16,046 SF
2029 Covington, Memphis, TN 38128-6903 $650,000 Jan 2022 9,410 SF
2240 Covington, Memphis, TN 38128-6908 $1,880,000 Nov 2019 25,350 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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