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    8693 Shakerag Rd Millington, TN 38053

    For Sale
    Contact for pricing

    281 Acres, Conservation Ag Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 281.56-acre property in Millington, Tennessee, presents a compelling investment opportunity. Currently zoned for Conservation Agriculture (CA), this expansive tract boasts 200.5 tillable acres and offers existing farm income. Its strategic location near West Union Road and US Highway 51 ensures convenient access. Surrounded by residential areas, this land provides flexibility for continued agricultural use or potential future residential development. The property's strong location is further supported by a robust surrounding demographic profile, with an average household income exceeding $108,743 within a 3-mile radius. The Shelby County location, with APN D0114 00010C, offers a unique blend of immediate return and long-term growth potential. This is an exceptional opportunity to acquire a significant land holding in a thriving area of Tennessee. The property's size and zoning make it ideal for a variety of agricultural and potential future development uses. Serious inquiries are encouraged to explore this remarkable investment opportunity. The property is located at 8693 Shakerag Rd, Millington, TN 38053.

    Property Features for 8693 Shakerag Rd

    General Information

    Property type
    Farms
    Lot Size
    12,264,754 SF

    HighLights

    • 281.56 acres of agricultural land for sale in Millington, TN.
    • 200.5 acres are tillable.
    • Property is zoned Conservation Ag (CA).
    • Existing farm income stream in place.
    • Located near West Union Road and US Highway 51.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.953314528466
    Latitude
    35.363792269202

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    FAQs

    What type of property is this?
    Farm - 281 Acres, Conservation Ag Zoning
    Where is this farm located?
    The property is located at 8693 Shakerag Rd Millington, TN.
    What are key features of this property?
    This property features: 281.56 acres of agricultural land for sale in Millington, TN.; 200.5 acres are tillable.; Property is zoned Conservation Ag (CA).
    Request Owner's contact information
    8693 Shakerag Rd 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
    8693 Shakerag Rd Millington, TN 38053
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