3993 Elvis Presley Blvd Memphis, TN 38116-5826
Property Lookup
Property profile & analytics
3993 Elvis Presley Blvd Memphis, TN 38116-5826
- Auto shops
- 1,012 SF
- 4.10 lot acres
Property ID
US80-0937296
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.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 3993 Elvis Presley Blvd
- Year built
- 1938
- Lot size
- 4.10 lot acres
- Property size
- 1,012 SF
- Zone code
- CMU-3
- Property type
- Auto shops
- APN
- 077-027- - -00013
- APU
- 7702700013
Description
This exceptional 21.62-acre property at 3993 Elvis Presley Blvd in Memphis, Tennessee, presents a rare redevelopment opportunity. Currently generating approximately $135,000 in annual income from three long-term tenants and a billboard, this mixed-use site offers immediate cash flow while development plans are underway. The property includes an established RV park with on-site management ready for a seamless transition to new ownership, although the current owners do not plan to continue its operation. The site's zoning (CMU-2) allows for diverse development options, including multi-family, single-family residences, and commercial spaces. The property boasts 884 feet of frontage on Elvis Presley Boulevard, a key location within the revitalized Whitehaven area, which has seen significant growth in recent years with the addition of national retailers such as Starbucks, AutoZone Megahub, Cookout, and Guthrie's. The city of Memphis is actively improving the drainage system adjacent to the property. The asking price is $6,500,000, with a current NOI of $125,000. The land value is $6.90 per square foot. This is a unique chance to acquire a substantial income-producing asset with significant redevelopment potential in a thriving Memphis neighborhood. The property consists of an apartment building, a QSR/fast food space, and an RV park with four pads. The total square footage ranges from 3,000 to 50,000. The property is being sold as a whole
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0258
- Latitude
- 35.0399
- 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
$13,036
$183,200
$30,800
$214,000
-
$458,000
$77,000
$535,000
