Property profile & analytics
3946 Lamar Ave Memphis, TN 38118
- Apartment buildings
- 29,120 SF
- 26.42 lot acres
OFF-MARKET
Value Estimations
$2,845,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-3013869
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
- Apartment buildings
Property Details for 3946 Lamar Ave
- Year built
- 1972
- Lot size
- 26.42 lot acres
- Property size
- 29,120 SF
- Zone code
- CMU-3
- Property type
- Apartment buildings
- APN
- 073-041- - -00171-C
- APU
- 07304100171C
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,625,000
- 6.5%
- $3,345,000
- 7%
- $3,105,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,590,000 Current use
- MEDICAL BUILDING
- $4,165,000 Change: +61% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,825,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $2,415,000 Change: -7% Conversion: Difficult
- OFFICE BUILDING
- $2,260,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9289
- Latitude
- 35.0583
- 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
$170,157
$828,600
$1,964,680
$2,793,280
-
$2,071,500
$4,911,700
$6,983,200
