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Property profile & analytics
OFF-MARKET
Land

1201 Cir Dr Selmer, TN 38375

Property ID
Property summary
AI-generated overview

This exceptional 2.4-acre parcel, encompassing 104,544 square feet, presents a unique opportunity for residential development within the city limits of Selmer, Tennessee. Located at 1201 Circle Drive, this property boasts a convenient location, a short distance from Selmer's town center, offering easy access to local amenities and services. The land currently features an older house that will require demolition, providing a blank canvas for the construction of a new home. This presents a rare chance to build a custom residence on a sizable lot in a desirable area. The property's substantial size allows for ample space for a home, landscaping, and potential outdoor features. With its convenient location and generous lot size, this property is ideal for those seeking to build their dream home in a peaceful yet accessible setting within the thriving community of Selmer, TN. The property is located in McNairy County and has a zip code of 38375. The asking price for this remarkable opportunity is $40,000.

Property profile
Verified
Property type Land
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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CAP Approach CAP
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Comparable Approach Comparable
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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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