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    8565 Alanburg Trl Millington, TN 38053

    For Sale
    Contact for pricing

    191 Acres, Residential Potential, Farm Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 191.814-acre property presents a unique investment opportunity in the rapidly growing city of Millington, Tennessee. The land is strategically located near Edmund Orgill Park, providing convenient access to recreational amenities. Access is available via Bethel Road and Kerrville-Rosemark Road, ensuring excellent connectivity. The property boasts a diverse zoning designation: 183.54 acres are zoned R-1 (Residential), ideal for residential development, while an additional 8.274 acres are zoned CA (likely Commercial Agricultural). Currently generating income from existing farmland operations across 118 acres, this asset offers immediate returns while providing a platform for future residential projects. Millington's impressive growth trajectory, with an 8.4% population increase from 2020 to 2023, and significant infrastructure investments (tens of millions in sewer, water, roads), underscore the area's strong potential. The favorable demographics, including an average household income exceeding $95,514 within a 3-mile radius, further enhance the appeal of this site for creating a thriving residential community. The property's APN numbers are D0116 00256, M0116 00394, and M0116 00395. This is a rare chance to acquire a substantial land parcel with immediate income and significant long-term development potential in a thriving Tennessee community. The property is classified as both Agricultural and Residential.

    Property Features for 8565 Alanburg Trl

    General Information

    Property type
    Farms
    Lot Size
    8,355,418 SF

    HighLights

    • 191.814‑acre land parcel for sale in Millington, TN.
    • 183.54 acres zoned R‑1 (Residential).
    • 8.274 acres zoned CA (Commercial Agricultural).
    • Conveniently located near Edmund Orgill Park.
    • Generating income from existing farmland operations on 118 acres.
    • Accessible via Bethel Road and Kerrville‑Rosemark Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.846949768344
    Latitude
    35.361614635753

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    FAQs

    What type of property is this?
    Farm - 191 Acres, Residential Potential, Farm Income
    Where is this farm located?
    The property is located at 8565 Alanburg Trl Millington, TN.
    What are key features of this property?
    This property features: 191.814-acre land parcel for sale in Millington, TN.; 183.54 acres zoned R-1 (Residential).; 8.274 acres zoned CA (Commercial Agricultural).
    Request Owner's contact information
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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
    8565 Alanburg Trl Millington, TN 38053
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