Financial
Distress signals
Property profile

661 Madison Ave Memphis, TN 38103

OFF-MARKET
Office buildings
Property ID
US80-1850802
3,616 SF 0.3 ac lot Built 1950
Last sale Aug 2018 · $437,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a freestanding space configured to support medical office use or retail use. It contains approximately 3,616 square feet of interior area and was renovated in 2023. The space is largely furnished and presented as move-in ready in its current configuration.

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.

Mortgages

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?
$6k
Tax billed · 2022
Assessed value · 2023$98k
Assessed land$61k
Assessed improvement$36k
Effective rate6.09%

Value estimate

· Sep 2026
$305k
$275k – $336k
AI approach$305k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$102/SF
ZIP average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$53 – $161
Qualifying comparables5

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?
CBD
C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Av...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.1
Furniture Store12.9
Hair Salon12.9

Location

661 Madison Ave Memphis, TN 38103-3307
County assessor Recorded deeds · 2 transfers 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
246 Adams, Memphis, TN 38103-1922 $400,000 Feb 2025 3,374 SF
243 Adams, Memphis, TN 38103-1921 $335,000 Nov 2024 2,600 SF
429 Main, Memphis, TN 38103-1501 $27,000,000 May 2024 4,300 SF
526 Beale, Memphis, TN 38103-3202 $1,150,000 Jan 2024 4,408 SF
433 Madison, Memphis, TN 38103-3210 $325,000 Dec 2023 4,210 SF
140 Jefferson, Memphis, TN 38103-2219 $200,000 Sep 2022 3,780 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 661 Madison Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message