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Financial
Distress signals
Property profile

650 New York St Memphis, TN 38104

OFF-MARKET
Office buildings
Property ID
US80-3323438
21,330 SF 1.01 ac lot Built 1950
Last sale Dec 2020 · $1,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

650 New York Street is a flex building that combines industrial functionality with modern office and creative studio improvements. The interior is built out with artist studios, includes a modern conference room, and features retail-style finishes intended to support a flexible mix of industrial, office, and showroom-type uses. The property includes 58 parking spaces with gated access, multiple loading docks, and a key card access system. It is situated in a designated Opportunity Zone, with access to downtown Memphis, I-240, and the medical district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$31k
Tax billed · 2022
Assessed value · 2023$503k
Assessed land$40k
Assessed improvement$463k
Effective rate6.09%

Value estimate

· Oct 2026
$1.35M
$1.22M – $1.49M
AI approach$1.35M
Submarket $/SF estimate$1.65M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$113/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$63 – $171

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?
EMP
The EMP District is intended to accommodate office, light manufacturing, research and development, warehousing, wholesale, processing and...
General categoryINDUSTRIAL
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 Office18.3
Bakery11.7
Convenience Store11.0

Location

650 New York St Memphis, TN 38104-5536
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file 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
53 Pkwy S, Memphis, TN 38104-3000 $199,000 Oct 2024 4,680 SF
193 Pne, Memphis, TN 38104-3610 $600,000 Mar 2024 10,500 SF
866 Cooper, Memphis, TN 38104-5446 $350,000 Feb 2024 5,440 SF
42 Mclean, Memphis, TN 38104-3915 $590,000 Mar 2023 4,204 SF
902 Cooper, Memphis, TN 38104-5603 $1,970,000 May 2022 10,240 SF
295 Bellevue, Memphis, TN 38104-7517 $435,000 Jan 2022 6,517 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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