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    Property profile & analytics

    3985 Summer Ave Memphis, TN 38122-5226

    • Grocery and convenience stores
    • 3,379 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimation
    $535,000
    Location Intelligence
    Property ID
    US80-1917750
    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

    • Exxon / Gas Station
    • Bitstop Bitcoin ATM / Crypto Atm / Atm
    • Cryptobase Bitcoin ATM / Atm
    • Bitcoin of America ATM / Currency Exchange Service / Atm

    Property Details for 3985 Summer Ave

    Year built
    1999
    Lot size
    1.74 lot acres
    Property size
    3,379 SF
    Zone code
    CMU-3
    Property type
    Grocery and convenience stores
    APN
    055-001- - -00001-C
    APU
    05500100001C

    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
    -89.9275
    Latitude
    35.1486
    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
    $25,536
    $217,320
    $201,880
    $419,200
    -
    $543,300
    $504,700
    $1,048,000

    Comparable in this City

    • Value Estimation
      $275,000
      2,930 SF

      605 Perkins Rd

      CONVENIENCE STORE • 2,930 SF
      605 Perkins Rd, Memphis, TN 38122-4140
      View Details
    • Value Estimation
      $350,000
      1,080 SF

      3975 Summer Ave

      CONVENIENCE STORE • 1,080 SF
      3975 Summer Ave, Memphis, TN 38122-5209
      View Details
    • Value Estimation
      $315,000
      1,972 SF

      4650 Summer Ave

      CONVENIENCE STORE • 1,972 SF
      4650 Summer Ave, Memphis, TN 38122-4756
      View Details
    • Value Estimation
      $1,420,000
      3,256 SF

      4286 Macon Rd

      CONVENIENCE STORE • 3,256 SF
      4286 Macon Rd, Memphis, TN 38122-4811
      View Details
    • Value Estimation
      $370,000
      3,876 SF

      3487 Summer Ave

      CONVENIENCE STORE • 3,876 SF
      3487 Summer Ave, Memphis, TN 38122-3609
      View Details
    • Value Estimation
      $730,000
      880 SF

      3215 Jackson Ave

      CONVENIENCE STORE • 880 SF
      3215 Jackson Ave, Memphis, TN 38122-1010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,407 SF

      Retail Space on Summer Avenue

      Retail property surrounded by prominent retailers with high traffic counts.
      3717 Summer Ave, Memphis, TN 38122
      View Details
    • $1,990,000
      14,392 SF

      Former Walgreens Retail Space

      Memphis, TN: 14,392 SF, $1.99M
      3502 Summer Ave, Memphis, TN 38122
      View Details
    • $350,000
      1,181 SF

      Summer Ave Storefront Opportunity

      Prime Memphis retail space, vacant, 1181 sq ft.
      4029 Summer Ave, Memphis, TN 38122
      View Details
    • $400,000

      Turnkey Memphis Commercial Building For Sale

      Established commercial building with equipment, inventory, and delivery vans included.
      3369 Macon Rd, Memphis, TN 38122
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Restaurant and retail property with existing infrastructure ready for business.
      3397 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing
      2,714 SF

      Summer Ave Restaurant - Memphis

      Prime East Memphis Restaurant, High Traffic Area
      3717 Summer Ave, Memphis, TN 38122
      View Details

    Similar Nearby for Lease

    • $145 SF/Yr
      14,490 SF

      Prime Commercial Space For Rent

      Exceptional leasing opportunity in a prominent, accessible location.
      3502 Summer Ave, Memphis, TN 38122
      View Details
    • $14 SF/Yr
      1,700 SF

      Retail Space at Summer Avenue

      Retail space for lease at a high-traffic intersection.
      3393-3437 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Office Space on Summer Avenue

      Retail and small office spaces available at high-traffic intersection.
      4000 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing

      Retail Building with Drive-Thru

      Proposed retail building with drive-thru on Summer Avenue.
      4307 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing
      1,370 SF

      Retail Space on Summer Avenue

      Retail space with high visibility and access on Summer Avenue.
      4235 Summer Ave, Memphis, TN 38122
      View Details
    • $10 SF/Yr
      5,660 SF

      Memphis Retail & Industrial Space

      5,660 SF Available - Excellent Location
      4957 Summer Ave, Memphis, TN 38122
      View Details

    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      5.0k
    • Avg Time on site
      40 min
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    3985 Summer Ave
    Memphis, TN 38122-5226
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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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