Property profile

3966 Park Ave Memphis, TN 38111

OFF-MARKET
Drive through restaurants
Saved · see the list in your Dashboard
Property ID
US80-0952083
2,885 SF 0.65 ac Built 1992
Last sale Jan 2025·$1,795,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding, 2,267 square foot Burger King restaurant situated on a 0.65-acre lot in Memphis, Tennessee. The property boasts a prime location across from the University of Memphis Park Avenue Campus and near the main campus, benefiting from a large student population and significant foot traffic. Additional nearby businesses include Save-A-Lot, Checker's, dd's Discounts, and more, further enhancing the property's visibility and…

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?
$15k
Tax billed · 2022
Assessed value · 2023$252k
Assessed land$63k
Assessed improvement$189k
Effective rate6.09%

Value estimate

· Nov 2026
$265k
$239k – $292k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 217 recorded sales of this use type
Observed band · Q1–Q3$95 – $504
Qualifying comparables10

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-1
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recyclin...
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 agency22.6
Building Supply14.9
Law Firm12.8

Location

3966 Park Ave Memphis, TN 38111-7402
County assessor Recorded deeds · 5 transfers 10 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2994 Poplar, Memphis, TN 38111-3527 $1,400,000 Jan 2026 3,804 SF
3378 Poplar, Memphis, TN 38111-4644 $2,383,930 Jun 2024 2,514 SF
887 Highland, Memphis, TN 38111-4165 $225,000 May 2024 2,278 SF
3361 Poplar, Memphis, TN 38111-4687 $370,000 May 2024 2,162 SF
1238 Getwell, Memphis, TN 38111-7345 $144,000 Dec 2023 3,210 SF
2895 Poplar, Memphis, TN 38111-2023 $950,000 Nov 2023 2,764 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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Includes: Price & PSF · Cap rate · Location · Zoning

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