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    Raleigh-Millington Memphis, TN 38128

    For Sale
    $350,000

    Land - Memphis, TN

    Lot size:
    15.02 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for Raleigh-Millington

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RU-2
    Lot size
    15.02 Acres

    Building Details

    Architectural style
    Other

    The Renshaw Company, REALTORS (901) 756-5127 [email protected]

    Listing agent Crystal Mitchell (901) 820-4367

    Listing date Jul 18, 2025

    MLS# 10201564 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

    Memphis Land Parcel for Development

    This 15.02-acre parcel is located in Memphis, TN. Preliminary planning is in place for a 90-townhome development, with over $50,000 already invested in initial engineering work. The site is well-positioned for residential development. Timber harvest is scheduled to prepare the land for construction. Utilities and infrastructure are accessible nearby, presenting an opportunity for builders and developers to acquire a partially prepped site with development potential. The zoning is RU-2.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9233
    Latitude
    35.229

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    FAQs

    What type of property is this?
    Land - 15-acre parcel primed for 90-townhome development.
    Where is this land located?
    The property is located at Raleigh-Millington Memphis, TN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime 15-acre parcel suitable for development.; - Preliminary planning in place for 90 townhomes.; - Over $50,000 invested in initial engineering.
    (901) 820-4367
    Request Owner's contact information
    Raleigh-Millington Memphis, TN 38128
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    Memphis, TN 38128
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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
    Raleigh-Millington Memphis, TN 38128
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