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    7266 Raleigh Millington Rd Millington, TN 38053

    For Sale
    $1,250,000

    Land - Millington, TN

    Lot size:
    10.00 Acres
    Days on Market:
    356
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 7266 Raleigh Millington Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi
    Lot size
    10.00 Acres

    Building Details

    Architectural style
    Other

    Southern Properties LLC (901) 755-7708 [email protected]

    Listing agent Bob Turner (901) 755-7708

    Listing date Dec 17, 2024

    MLS# 10186831 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

    Millington Land Zoned Multifamily

    This property features 10 acres of land zoned for approximately 290 multifamily apartments. All utilities are available. The property is located in Millington, Tennessee.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Nail Salon Building Supply Auto Repair Shop Gym & Fitness Auto Parts Store HVAC Service Home Appliance Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9039444
    Latitude
    35.323995

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    FAQs

    What type of property is this?
    Land - 10 acres in Millington, TN, zoned for multifamily apartments.
    Where is this land located?
    The property is located at 7266 Raleigh Millington Rd Millington, TN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - 10 Acres of Land; - Zoned for Approximately 290 Multi-Family Apartments presenting a Multi-Family Development Opportunity; - All Utilities Available
    (901) 755-7708
    Request Owner's contact information
    7266 Raleigh Millington Rd Millington, TN 38053
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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
    7266 Raleigh Millington Rd Millington, TN 38053
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