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    Singleton Pkwy Millington, TN 38053

    For Sale
    Contact for pricing

    Prime Agricultural Land, High Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents 286.358 acres of agricultural land ideally situated along Singleton Parkway in Shelby County, Tennessee. The property boasts 206.6 tillable acres, generating substantial existing farm income. Currently zoned Conservation Ag (CA), this expansive tract enjoys the benefits of a lower tax base due to its location just outside the Millington city limits (zip code 38053). Convenient access to major highways, including Highway 51 and Highway 385, enhances its strategic location and potential for future development. The surrounding area exhibits strong demographics, with an average household income of $94,443, suggesting a robust market for potential residential or mixed-use projects. The property's APN is D0127 00332C. This unique offering combines immediate agricultural returns with significant long-term upside, making it an attractive investment for discerning buyers seeking a blend of current income and future development potential. The property's location offers easy access to Millington, TN.

    Property Features for 0 Singleton Pkwy

    General Information

    Property type
    Farms
    Lot Size
    12,473,754 SF

    HighLights

    • 286.358 acres of agricultural land available for sale.
    • 206.6 acres tillable.
    • CA zoning.
    • Established farm operation generating income.
    • Located outside Millington city limits.
    • Shelby County taxes only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.88228362
    Latitude
    35.29720811

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural Land, High Income Potential
    Where is this farm located?
    The property is located at Singleton Pkwy Millington, TN.
    What are key features of this property?
    This property features: 286.358 acres of agricultural land available for sale.; 206.6 acres tillable.; CA zoning.
    Request Owner's contact information
    Singleton Pkwy Millington, TN 38053
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    Millington, TN 38053
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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
    Singleton Pkwy Millington, TN 38053
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