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Property profile

3573 Southern Ave Memphis, TN 38111

OFF-MARKET
Office buildings
Property ID
US80-0932678
2,460 SF 0.26 ac lot Built 1930
Last sale Dec 2023 · $310,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 2,460-square-foot, 1930-built brick restaurant building located on Southern Avenue in a high-traffic area near the University of Memphis and nearby transit and commercial destinations, with rear parking. The property is zoned CMU-1 (Commercial Mixed-Use, Neighborhood) and permits full food service by right without conditional permits; however, a separate liquor license would be required for alcohol sales. The interior includes an equipped commercial kitchen with ventilation hoods and a grease…

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?
$3k
Tax billed · 2022
Assessed value · 2023$42k
Assessed land$13k
Assessed improvement$29k
Effective rate6.09%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$310k

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

Recently sold

What actually traded nearby?
$119/SF
Submarket average, outlier-cleaned · 520 recorded sales of this use type
Observed band · Q1–Q3$63 – $194
Qualifying comparables3

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 agency18.3
Building Supply16.4
Law Firm13.4

Location

3573 Southern Ave Memphis, TN 38111-5813
County assessor Recorded deeds · 1 transfer 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3412 Park, Memphis, TN 38111-4134 $400,000 Jun 2025 2,496 SF
3439 Park, Memphis, TN 38111-4148 $300,000 Nov 2024 2,000 SF
3638 Park, Memphis, TN 38111-5626 $195,000 Nov 2024 2,000 SF
839 Highland, Memphis, TN 38111-4254 $245,000 Jun 2023 2,907 SF
3069 Park, Memphis, TN 38111-3017 $130,000 Jan 2021 2,160 SF
3028 Carnes, Memphis, TN 38111-2243 $37,500 Dec 2018 2,506 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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