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1551 Thomas St; Memphis, TN Property Details

1551 Thomas St, Memphis, TN is a Food Processing that was built in 1955. This property is currently a cash purchase and is not for sale. Our records show that 1551 Thomas St has a total of 8,926 square feet. The lot size of 1551 Thomas St is 437,909 square feet.

Off market
1551 Thomas St Memphis, TN 38107
$128,400 Estimated Value
8,926 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1955
  • Purchase Price: $2,000,000
  • Open Loans: 1
  • APN: 03-9037-0-0004
  • Situs County: Shelby
  • Length Of Ownership: 3 years, 2 months

Structure

  • Building Style: Steel
  • Stories: 1
  • Exterior Wall Type: Metal
  • Building Condition: Poor
  • Building Quality: E

Measurements

  • Total: 8,926/SqFt
  • Lot: 437,909/SqFt
  • Gross: 8,926/SqFt
  • Living: 8,926/SqFt
  • Building: 8,926/SqFt
  • Ground: 8,926/SqFt
  • Price Per Square Foot: $224.06

Legal Description

  • Description: WS THOMAS MAP 110
Building Insights

Land Information

  • Property Type: Food Processing
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.18386 / -90.03585
  • Subdivision: Weakley
  • Property Class: Industrial
  • Zoning: IH
  • County Use Code: 095

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1002
  • Cooling: None
  • Heating: None

Ownership Info

1551 Thomas St has no associated ownership info
1551 Thomas St has no associated ownership info.

Taxes

1551 Thomas St has 10 associated Taxes items

1551 Thomas St, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $128,400. The APN we've located for 1551 Thomas St is 03-9037-0-0004.

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Taxes
  • Assessed Value:  $128,400
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  03-9037-0-0004
  • Assessed Land Value:  78840
  • Market Land Value:  197100
  • Tax Amount:  3453.96
  • Tax Year:  2025
  • Market Value:  321000
  • Market Year:  2025

Tax History

1551 Thomas St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $128,400 Land Value $78,840 Improvement Value $49,560 Tax Amount $3,453.96 Change Rate -0.149809% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $124,960 Land Value $87,600 Improvement Value $37,360 Tax Amount $4,062.57 Change Rate -0.037276% Assessed CR Tax Rate +0.032511%
Year 2023 Assessed Value $124,480 Land Value $87,120 Improvement Value $37,360 Tax Amount $4,219.87 Change Rate -0.4435% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $124,480 Land Value $87,120 Improvement Value $37,360 Tax Amount $7,582.88 Change Rate -0.098981% Assessed CR Tax Rate +0.060916%
Year 2021 Assessed Value $124,480 Land Value $87,120 Improvement Value $37,360 Tax Amount $8,415.89 Change Rate +0.864067% Assessed CR Tax Rate +0.067608%
Year 2020 Assessed Value $119,080 Land Value $87,120 Improvement Value $31,960 Tax Amount $4,514.8 Change Rate Assessed CR Tax Rate +0.037914%
Year 2019 Assessed Value $119,080 Land Value $87,120 Improvement Value $31,960 Tax Amount $4,514.8 Change Rate Assessed CR Tax Rate +0.037914%
Year 2018 Assessed Value $119,080 Land Value $87,120 Improvement Value $31,960 Tax Amount $4,514.8 Change Rate -0.739019% Assessed CR Tax Rate +0.037914%
Year 2017 Assessed Value $442,800 Land Value $87,120 Improvement Value $355,680 Tax Amount $17,299.32 Change Rate -0.238107% Assessed CR Tax Rate +0.039068%
Year 2016 Assessed Value $562,240 Land Value Improvement Value Tax Amount $22,705.72 Change Rate -0.075872% Assessed CR Tax Rate +0.040384%
Year 2014 Assessed Value $562,240 Land Value Improvement Value Tax Amount $24,569.89 Change Rate +0.150487% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $21,356.07 Change Rate Assessed CR Tax Rate