Property profile

4040 3rd St Memphis, TN 38109

OFF-MARKET
Grocery and convenience stores
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Property ID
US80-1816433
3,372 SF 0.97 ac Built 1998
Last sale Nov 2010·$1,100,250
Individually Owned Owner of record is an individual. 15-yr Hold Held for 15 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$12k
Tax billed · 2022
Assessed value · 2023$198k
Assessed land$56k
Assessed improvement$142k
Effective rate6.09%

Value estimate

· Nov 2026
$255k
$230k – $281k
CAP approach$575k
Submarket $/SF estimate$663k

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

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$32 – $133
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?
CMU-3
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require hi...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.5
Spa & Massage14.6
Hair Salon14.3

Location

4040 3rd St Memphis, TN 38109-4471
County assessor Recorded deeds · 1 transfer 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2196 3rd, Memphis, TN 38109-7710 $1,800,000 Aug 2025 3,800 SF
2203 3rd, Memphis, TN 38109-7709 $25,000 Jan 2025 3,080 SF
4283 3rd, Memphis, TN 38109-5178 $150,000 Jul 2023 3,252 SF
4672 3rd, Memphis, TN 38109-5626 $725,000 Nov 2022 4,056 SF
5252 3rd, Memphis, TN 38109 $1,475,000 Jun 2022 4,000 SF
4711 3rd, Memphis, TN 38109-6252 $81,250 Feb 2022 3,750 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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