Technical
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Property profile

0 Raleigh-Millington Rd Millington, TN 38053

OFF-MARKET
Land
9.35 ac lot
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Property summary

AI-generated overview

This exceptional 9.35-acre parcel presents a compelling residential development opportunity in Millington, Tennessee. Strategically located on Raleigh-Millington Road, this R-2 zoned property enjoys high visibility with a daily traffic count of 9,949 vehicles. Its advantageous position offers easy access to major thoroughfares, including US Highway 51 (20,324 vehicles daily) and Interstate 269 (14,048 vehicles daily), ensuring convenient commutes. The property's desirability is further enhanced by strong local demographics. Within a one-mile radius, the average household income is $94,052, indicating a stable and affluent community. Expanding to a five-mile radius, the population exceeds 15,000, maintaining a consistent average household income of approximately $80,000. This combination of prime location, favorable zoning, and a robust demographic profile makes this land a significant opportunity for residential developers seeking to capitalize on the growing housing demand in the Millington area. The property's APN is M0126 00051 and is located at 0 Raleigh-Millington Rd, Millington, TN 38053. This is a rare opportunity to acquire a substantial residential lot in a thriving community.

Property profile

Verified
Property type Land
Lot 9.35 ac (407,286 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Raleigh-Millington Rd Millington, TN 38053
Millington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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