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    Ray Ln Covington, TN 38019

    For Sale
    $1,500,000

    Land - Covington, TN

    Lot size:
    74.08 Acres
    Days on Market:
    990
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for Ray Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Ag
    Lot size
    74.08 Acres

    Building Details

    Architectural style
    Other

    Midsouth Residential (901) 837-7511 [email protected]

    Listing agent Robert Jones (901) 507-4680

    Listing date Mar 24, 2023

    MLS# 10133821 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

    Covington Land Near Blue Oval

    This property features 74.08 acres of land suitable for agricultural use. Located in Covington, Tennessee, the site is zoned Ag. The property is situated within 30 minutes of Blue Oval City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.599777
    Latitude
    35.554967

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    FAQs

    What type of property is this?
    Land - 74.08 acres of agricultural land for sale near Covington.
    Where is this land located?
    The property is located at Ray Ln Covington, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 75 acres of land, perfect for your next project.; - Proximity to Blue Oval City (within 30 minutes).; - Land suitable for development.
    (901) 507-4680
    Request Owner's contact information
    Ray Ln Covington, TN 38019
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    Covington, TN 38019
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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
    Ray Ln Covington, TN 38019
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