2506 ParkMemphis, TN 38114

  • Mixed-use properties
  • 1,456 SF
Off market
$731,400 Estimated

Property Details for 2506 Park

Year built
1940
Lot size
0.07 AC
Property size (Sq ft)
1,456 SF
Zone code
CMU-1
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
061-016- - -00017
APU
6101600017

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $260,135
    6.5%
    $240,125
    7%
    $222,973
  • Comparable approach

    Method
    Valuation
    Relative Method
    $175,940
    Geo Method
    $175,940
  • Alternative Use

    Use
    Valuation
    Residential
    $240,125
    Hospitality
    $219,953
    Educational
    $182,998
    Medical
    $189,292
    Retail
    $284,664
2506 Park, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1086
Longitude
-89.9788
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,089
$2,600
$15,280
$17,880
-
$6,500
$38,200
$44,700

FAQs

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