Property profile

650 Perkins Rd Memphis, TN 38117

OFF-MARKET
Retail space
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Property ID
US80-0112257
3,123 SF 0.47 ac Built 1936
Last sale Jul 2023·$625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Located in East Memphis at 650 S Perkins, this former residence was configured for commercial use and has approximately 3,123 square feet of space. The layout provides most of the usable area on the downstairs level, with additional storage upstairs. The building is set up to support interior-focused retail or professional uses, such as a salon, an interior design studio, a boutique, or a general office. It includes parking located at the rear of the property and has building systems that include a replaced roof and updated HVAC.

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?
$7k
Tax billed · 2022
Assessed value · 2023$115k
Assessed land$68k
Assessed improvement$47k
Effective rate6.09%

Value estimate

· Nov 2026
$600k
$540k – $660k
AI approach$540k
CAP approach$480k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$37 – $142
Qualifying comparables14

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?
R-10
The single family residential districts are intended to accommodate one single family detached principal dwelling unit per lot. These dis...
General categoryRESIDENTIAL
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 Supply21.0
Wholesale Shop20.3
Auto Parts Store18.1

Location

650 Perkins Rd Memphis, TN 38117-4706
County assessor Recorded deeds · 3 transfers 14 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5009 Park, Memphis, TN 38117-5701 $1,350,000 Feb 2024 2,656 SF
4445 Poplar, Memphis, TN 38117-3717 $14,250,000 Dec 2023 2,817 SF
710 Perkins, Memphis, TN 38117-4706 $210,000 Jul 2023 2,751 SF
740 Brookhaven, Memphis, TN 38117-4547 $317,500 Mar 2021 3,618 SF
621 Mendenhall, Memphis, TN 38117-4213 $490,000 Mar 2020 2,658 SF
615 Mendenhall, Memphis, TN 38117-4213 $275,000 Sep 2019 2,952 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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