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    Property profile & analytics

    3851 Airways Blvd Memphis, TN 38116-5070

    • Office buildings
    • 80,006 SF
    • 7.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 18, 2022
    Location Intelligence
    Property ID
    US80-2731036
    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.

    Current Use by Public Records

    • FedEx North Gate / Security Guard Service

    Property Details for 3851 Airways Blvd

    Year built
    2014
    Lot size
    7.08 lot acres
    Property size
    80,006 SF
    Zone code
    EMP
    Property type
    Office buildings
    APN
    078-028- - -00304
    APU
    7802800304

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9943
    Latitude
    35.0443
    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
    $163,512
    $29,240
    $2,654,960
    $2,684,200
    -
    $73,100
    $6,637,400
    $6,710,500

    Comparable in this City

    • Value Estimation by Request
      945 SF

      1102 Hale Rd

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      $540,000
      7,440 SF

      1396 Shelby Dr

      OFFICE BUILDING • 7,440 SF
      1396 Shelby Dr, Memphis, TN 38116-7200
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    • Value Estimation
      $535,000
      17,800 SF

      5134 Millbranch Rd

      OFFICE BUILDING • 17,800 SF
      5134 Millbranch Rd, Memphis, TN 38116-8527
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    • Value Estimation by Request
      1,241 SF

      1201 Winchester Rd

      OFFICE BUILDING • 1,241 SF
      1201 Winchester Rd, Memphis, TN 38116-4344
      View Details
    • Value Estimation
      $205,000
      1,350 SF

      2097 Winchester Rd

      OFFICE BUILDING • 1,350 SF
      2097 Winchester Rd, Memphis, TN 38116-3801
      View Details
    • Value Estimation
      $945,000
      71,617 SF

      3385 Airways Blvd

      OFFICE BUILDING • 71,617 SF
      3385 Airways Blvd, Memphis, TN 38116-3841
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      1,008 SF

      Retail Space on Shelby Drive

      Retail space with high visibility near Memphis International Airport.
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      8,320 SF

      Freestanding Retail Space Available

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      89,993 SF

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      View Details
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    Memphis, TN 38116-5070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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