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    385 Monterey Rd Collierville, TN 38017

    For Sale
    $445,000

    Land - Unincorporated, TN

    Lot size:
    12.80 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 12 at 8:06 am

    Property Features for 385 Monterey Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AG
    Lot size
    12.80 Acres

    Building Details

    Architectural style
    Other

    Marx & Bensdorf Real Estate & Investment Co. (901) 682-1868 [email protected]

    Listing agent Jimmy Reed (901) 682-1868

    Listing date Nov 6, 2025

    MLS# 10204341 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Land in Unincorporated, TN

    This 12.8-acre property features wooded land suitable for quiet enjoyment. The gentle, rolling terrain facilitates easy building with minimal grading expenses. The property benefits from substantial road frontage, allowing for the potential creation of one or two homesites. It is located close to Herb Parsons Lake and the Macon/269 Intersection. The seller will consider splitting the land into two parcels. The zoning is AG.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6488413
    Latitude
    35.1295452

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    FAQs

    What type of property is this?
    Land - 12.8 acres of wooded land with building potential.
    Where is this land located?
    The property is located at 385 Monterey Rd Collierville, TN.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Gentle, rolling, wooded land, easy to build on without unusual grading expense.; - Excellent location: quiet and secluded, yet close to amenities.; - Abundant road frontage allows for easy selection of one or two homesites.
    (901) 682-1868
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    Collierville, TN 38017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    385 Monterey Rd Collierville, TN 38017
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