Financial
Distress signals
Property profile

785 Union Ave Memphis, TN 38103

FOR SALE
Retail space
Property ID
US80-1089877
27,336 SF 2.45 ac lot Built 1999
Last sale Dec 2022 · $4,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 6,122-square-foot retail space located in a district anchored by major healthcare and medical education facilities, including St. Jude Children’s Research Hospital, Le Bonheur Children’s Hospital, The University of Tennessee Health Science Center, the Memphis VA Medical Center, and Regional One Health. The site has convenient access to Interstate 40 and Interstate 69 and is positioned along Union Avenue (with reported traffic levels of 27,970 AADT on Union Avenue, 71,982 AADT

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$96k
Tax billed · 2022
Assessed value · 2023$1.57M
Assessed land$710k
Assessed improvement$863k
Effective rate6.09%

Value estimate

· Sep 2026
$3.58M
$3.22M – $3.94M
AI approach$3.70M
CAP approach$4.20M
Sales comparison$2.70M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
ZIP average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$40 – $99

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.0
Hair Salon15.4
Spa & Massage14.9

Location

785 Union Ave Memphis, TN 38103
County assessor Recorded deeds · 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
409 Main, Memphis, TN 38103-4225 $1,648,000 Dec 2025 34,969 SF
18 Main, Memphis, TN 38103-2503 $710,000 Apr 2025 29,035 SF
26 Main, Memphis, TN 38103-2503 $725,000 Feb 2023 14,900 SF
93 Frnt, Memphis, TN 38103-2905 $250,000 Sep 2022 25,284 SF
2 Main, Memphis, TN 38103-2105 $2,700,000 Jun 2022 32,788 SF
24 Main, Memphis, TN 38103-2508 $425,000 Oct 2020 14,853 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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