Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Bethuel Rd, Unit 12 Millington, TN 38053

    View on Map
    Sponsored
    For Sale
    $114,999

    Vacant Land - Millington, TN

    Lot size:
    7.48 Acres
    Days on Market:
    16
    Last Refresh:
    Mar 27 at 9:06 am

    Property Features for Bethuel Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    D010600183
    Parking features
    Garage
    Lot size
    7.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Patton
    Bill Patton

    National Land Realty, Memphis, TN

    Listing agent Bill Patton

    Listing date Mar 12, 2026

    MLS# 11610888 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Expansive Land Near Millington Amenities

    This 7.48-acre lot presents an opportunity for building a home. Located near Millington, the land offers a blend of rural living and accessibility to amenities. Restrictions include single-family residential homes only, with no mobile or manufactured homes allowed. The land features gentle rolling topography with entrance off of Bethuel Road. Public water is available at the road, and the site is suitable for septic permitting. A roughed-in driveway has been completed. The property is located near the Orgill Golf Course and less than three miles from the Naval Support Activity Base (NSA Mid-South). This acreage provides an opportunity to secure a private retreat that is minutes from essential amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.847994
    Latitude
    35.376174

    Nearby Similar for Sale

    • $392,500
      2,333 SF

      Event Center on 8.5 Acres

      Event center with commercial kitchen and ample parking.
      901 Fite Rd, Millington, TN 38053
      View Details
    • $364,900

      Millington Commercial Building For Sale

      Modern commercial building with versatile office spaces in prime location.
      8098 N Us 51, Millington, TN 38053
      View Details
    • $2,000,000
      2.47 Acres

      Commercial Building in Millington, TN

      Commercial building for sale in Millington, Tennessee.
      6347 Navy Rd, Millington, TN 38053
      View Details
    • Contact for pricing

      Pre-Engineered Building For Sale

      Pre-engineered building featuring offices, shop area, and roll-up doors.
      5569 Old Millington Rd, Millington, TN 38053
      View Details
    • $399,000
      3,500 SF

      Retail Space in Millington Heart

      Prime retail space in a well-connected Millington location.
      7713 Us Highway 51 N, Millington, TN 38053
      View Details
    • $299,000

      Highway 51 Retail Opportunity

      3,300 SF retail space available on Highway 51.
      7713 Us Highway 51 S, Millington, TN 38053
      View Details
    • Contact for pricing

      Retail Space Near Highway 51

      Retail space available near Highway 51 and Ford's Blue Oval City.
      7947 Us Highway 51 N, Millington, TN 38053
      View Details
    • Contact for pricing

      Millington Mixed-Use Development Opportunity

      Proposed mixed-use development with retail, hotel, and office opportunities.
      Navy Rd, Millington, TN 38053
      View Details
    • Contact for pricing
      30,000 SF

      Millington Mixed-Use Community Retail Space

      Retail and hotel opportunities in Millington's first mixed-use community.
      7838 W Navy Cir, Millington, TN 38053
      View Details
    • Contact for pricing
      7,141 SF

      Goodyear Auto Service Investment Opportunity

      Single-tenant Goodyear property in Millington, TN with corporate-backed net lease.
      7991 Us Highway 51, Millington, TN 38053
      View Details
    • Contact for pricing

      Millington Commercial Building For Lease

      Versatile Shop & Office Space Available
      5569 Old Millington Rd, Millington, TN 38053
      View Details
    • $489,000

      Millington Commercial Investment Opportunity

      High-yield property, strong tenant, lease options.
      4750 Navy Rd, Millington, TN 38053
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 7.48-acre lot near Millington, ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at Bethuel Rd, Unit 12 Millington, TN.
    What is the asking price?
    The asking price for this property is $114,999.
    What are key features of this property?
    This property features: - Large 7.48-acre lot offering privacy and space for a custom home.; - Excellent location: close to Millington amenities, Orgill Golf Course, and NSA Mid-South.; - Ready for development: public water available at the road and suitable for septic permitting.
    (901) 481-5938
    Request Owner's contact information
    Bethuel Rd, Unit 12 Millington, TN 38053
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Bethuel Rd, Unit 12
    Millington, TN 38053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Bethuel Rd, Unit 12 Millington, TN 38053
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bill Patton
    Bill Patton
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!