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Financial
Distress signals
Property profile

3915 S Mendenhall Rd Memphis, TN 38115

FOR LEASE
Industrial properties
Property ID
US80-0870430
28,880 SF 2.35 ac lot Built 1986
Last sale Sep 2026 · $1,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value · 2023$342k
Assessed land$50k
Assessed improvement$292k
Effective rate6.09%

Value estimate

· Oct 2026
$9.98M
$8.98M – $10.98M
NOI build-up
Gross scheduled income$485k
Vacancy & credit loss−$46k
Operating expenses−$154k
NOI · 3,567,612.50% cap applied$285k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$41/SF
Submarket average, outlier-cleaned · 113 recorded sales of this use type
Observed band · Q1–Q3$19 – $80

Cap rate analysis

How does the asset earn?
3,567,612.50%
$285k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.2
Restaurant15.0
Dental Office13.8

Location

3915 S Mendenhall Rd Memphis, TN 38115
County assessor Recorded deeds · 4 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5174 American, Memphis, TN 38115-1500 $2,500,000 Aug 2025 22,419 SF
3767 Contractors, Memphis, TN 38115-0800 $300,951 Aug 2024 8,685 SF
5560 Raines, Memphis, TN 38115-6720 $1,275,000 Aug 2024 20,309 SF
5425 Raines, Memphis, TN 38115-6705 $7,265,220 May 2024 73,108 SF
3965 Mendenhall, Memphis, TN 38115-5914 $12,550,000 Nov 2022 48,543 SF
4005 Mendenhall, Memphis, TN 38115-5953 $12,550,000 Nov 2022 56,502 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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