3423 Range LineMemphis, TN 38127

  • Apartment buildings
  • 61,812 SF
Off market
$40,325,670 Estimated

Property Details for 3423 Range Line

Year built
1966
Lot size
4.03 AC
Property size (Sq ft)
61,812 SF
Zone code
RU-3
Property type
Apartment buildings
APN
072-072- - -00007
APU
7207200007

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,384,000
    6.5%
    $11,431,400
    7%
    $10,614,900
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,638,070
    Geo Method
    $5,638,070
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $18,577,500
    Retail / Commercial
    $9,480,630
    Mixed-Use / Specialty
    $9,410,710
    Hospitality / Lodging
    $6,857,310
    Office
    $9,317,180
    Institutional / Educational
    $9,770,440
    Multifamily
    $13,910,500
    Automotive / Energy
    $8,374,660
    Parking / Income-Based Land
    $2,925,680
    Restaurant / Food Service
    $4,817,490
    Healthcare / Senior Housing
    $9,687,550

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.2186
Longitude
-89.9764
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
$18,675
$91,560
$215,000
$306,560
-
$228,900
$537,500
$766,400

FAQs

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