Technical
Financial
Distress signals
Property profile

520 3rd St Memphis, TN 38105

OFF-MARKET
Retail space
Property ID
US80-1211199
1,708 SF 0.11 ac lot Built 1930
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Total area 1,708 SF
Lot 0.11 ac (5,009 SF)
Zoning code HDR
APN 001-070- - -00001
UPID US80-1211199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

520 3rd St Memphis, TN 38105-1736
Memphis metro Census 2100 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2023
Last sale
$375,000
1 recorded transaction
2023
$375,000

Zoning & alternative use

HDR · Memphis, TN
Zoning description

B. High-Density Residential District (HDR) Land use types to be included in this district are multifamily, townhouses and institutions. The largest concentration of this zoning district is adjacent Lauderdale Courts and…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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