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Financial
Distress signals
Property profile

3983 Senator St Memphis, TN 38118

FOR LEASE
Warehouses
Property ID
US80-1827325
82,103 SF 3.05 ac lot Built 1969
Last sale Jul 2022 · $3,565,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3983 Senator St, Memphis, TN 38118 For Lease
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3983 Senator St, Memphis, TN 38118
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Property summary

AI-generated overview

This exceptional 75,000 square foot warehouse property, located at 3983 Senator St in Memphis, Tennessee, presents a significant opportunity for businesses seeking industrial space. The property is classified as industrial, with a warehouse subtype and features multiple tenancy options. The building boasts a substantial 75,000 square feet of total space, with one unit currently available at 13,500 square feet. The high ceilings, measuring 22 feet, provide ample vertical storage capacity,…

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?
$45k
Tax billed · 2022
Assessed value · 2023$738k
Assessed land$60k
Assessed improvement$679k
Effective rate6.09%

Value estimate

· Oct 2026
$2.84M
$2.55M – $3.12M
AI approach$2.97M
Submarket $/SF estimate$2.17M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$35/SF
ZIP average, outlier-cleaned · 170 recorded sales of this use type
Observed band · Q1–Q3$24 – $52
Qualifying comparables4

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?
IH
The IH district is intended to accommodate high impact manufacturing, industrial or other uses, including extractive and waste related us...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.8
Tailor Shop8.9
Locksmith8.7

Location

3983 Senator St Memphis, TN 38118
County assessor Recorded deeds · 8 transfers 4 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
4013 Premier, Memphis, TN 38118-6102 $6,550,000 Feb 2026 184,990 SF
4481 Distriplex, Memphis, TN 38118-9202 $6,283,000 Dec 2025 169,272 SF
3745 Lamar, Memphis, TN 38118-3706 $1,025,000 Apr 2025 87,294 SF
4755 Burbank, Memphis, TN 38118-6342 $2,687,000 Feb 2025 66,130 SF
5611 Universal, Memphis, TN 38118-7916 $730,000 Aug 2024 42,965 SF
3696 Knight, Memphis, TN 38118-6303 $3,625,000 May 2024 81,958 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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