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    Hwy-51 Memphis, TN 38127

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    Exceptional Hunting Tract near Memphis

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This expansive hunting and recreational property, located in Shelby County, Tennessee, offers a unique investment opportunity. The land boasts a significant size ranging from 5 to 296 acres, providing ample space for various outdoor pursuits. Currently zoned agricultural, this versatile parcel presents potential for a variety of uses. The property enjoys 1.6 miles of frontage along US Highway 51, ensuring convenient access. Its strategic location offers proximity to both urban amenities and natural beauty. Situated adjacent to the Police & Fire Training Academy, this location provides a sense of security and community. Furthermore, Shelby Forest Park is only three miles away, offering additional recreational opportunities. The property's size and location make it ideal for hunting, recreational activities, or potential future development. The 2016 county and city taxes were $1,912. The total square footage is 12,893,760. This is a rare opportunity to acquire a substantial tract of land in a desirable location. The property's size and location make it a compelling investment for those seeking a blend of recreational enjoyment and potential future development. Serious inquiries are encouraged.

    Property Features for 0 Hwy-51

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Up to 296 acres available.
    • Currently used for agriculture.
    • Low 2016 property taxes: $1,912.
    • 1.6 miles of frontage on US Hwy 51.
    • Located next to a Police & Fire Training Academy.
    • Three miles from Shelby Forest Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0160802
    Latitude
    35.2336836

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    FAQs

    What type of property is this?
    Land - Exceptional Hunting Tract near Memphis
    Where is this land located?
    The property is located at Hwy-51 Memphis, TN.
    What are key features of this property?
    This property features: Up to 296 acres available.; Currently used for agriculture.; Low 2016 property taxes: $1,912.
    (901) 415-9812
    Request Owner's contact information
    Hwy-51 Memphis, TN 38127
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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
    Hwy-51 Memphis, TN 38127
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