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    Highway 138 Mercer, TN 38392

    For Sale
    $1,385,855

    LAND - Mercer, TN

    Lot size:
    179.00 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 8 at 4:06 pm

    Property Features for Highway 138

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    009 010.00
    Lot size
    179.00 Acres

    Utilities

    Utilities
    Electricity Available

    Coldwell Banker Real Estate Now (731) 668-1777 [email protected]

    Listing agent Lee W. Godfrey (731) 343-2900 License #058537

    Listing date Sep 5, 2025

    MLS# 2504195 Listing URL

    Copyright © 2025 Central West Tennessee 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

    Mercer, TN Row Crop Farms

    Two row crop farms are available in Hardeman County, located 13.8 miles from I-40. The properties, identified as Tax Maps 009, Parcels 010.00 & 11.00, are situated on either side of Hwy 138. Approximately 148 acres are dedicated to row crops, with the remaining area consisting of woods and nonproductive land. Map 009, Parcel 010.00 is located at the northeast corner of Hwy 138 and Cox Rd, while Map 009, Parcel 011.00 is at the northwest corner of Hwy 138 and Hatchie Station Rd. The farms feature a total of 1.2 miles (6410+ ft) of blacktop road frontage. Both farms are currently rented.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Mercer
    County
    Madison
    State
    Tennessee
    Longitude
    -89.054724
    Latitude
    35.585643

    FAQs

    What type of property is this?
    Farm - Two prime row crop farms totaling 179 acres in Hardeman County.
    Where is this farm located?
    The property is located at Highway 138 Mercer, TN.
    What is the asking price?
    The asking price for this property is $1,385,855.
    What are key features of this property?
    This property features: - Approximately 148 acres of row crop land.; - Prime location in Hardeman County, just 13.8 miles from I-40.; - Significant road frontage: Enjoy 1.2 miles (6410+ ft) of blacktop.
    (731) 343-2900
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    Mercer, TN 38392
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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
    Highway 138 Mercer, TN 38392
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