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Property profile & analytics
OFF-MARKET
Land

0 Herbert Neal Rd Milan, TN 38358

48 ac lot
Property ID
Property summary
AI-generated overview

Exceptional 48-acre commercial and farmland opportunity in Gibson County, Tennessee, situated on Herbert Neal Rd, Milan, zip code 38358. This property boasts a desirable mix of tillable row crop land and attractive timber. Utilities are readily accessible, with public water and electricity available at the street. The location offers the advantage of being within the highly-regarded Milan Special School District. While the original tract was larger, the seller will retain approximately 8-10 acres as a buffer, leaving 48 acres for sale. This expansive parcel presents a unique chance to build a custom home in a serene rural setting. Abundant wildlife, including deer and turkey, are common in the area. Tennessee's attractive tax structure, with no state income tax, adds further appeal. The asking price for this exceptional property is $254,400.

Property profile
Verified
Property type Land
Lot 48 ac (2,090,880 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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