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Property profile & analytics
OFF-MARKET
Land

8565 Alanburg Trl Millington, TN 38053

191.81 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 191.81 ac (8,355,418 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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