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    1201 Cir Dr Selmer, TN 38375

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1201 Cir Dr

    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Selmer
    County
    McNairy
    State
    Tennessee
    Longitude
    -88.5759
    Latitude
    35.1405

    Comparable in this City

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    • Value Estimation
      $215,000
      87.49 Acres

      980 Lola Whitten Rd

      MOBILE HOME PARK, TRAILER PARK • 87.49 Acres
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    • Value Estimation by Request
      5.00 Acres

      195 Bethesda Purdy Rd

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    • Value Estimation by Request
      0.26 Acres

      Cypress Ave

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      0.39 Acres

      Falcon Rd By Pass

      VACANT COMMERCIAL LAND • 0.39 Acres
      Falcon Rd By Pass, Selmer, TN 38375
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    • Value Estimation by Request
      0.67 Acres

      Peach St

      VACANT COMMERCIAL LAND • 0.67 Acres
      Peach St, Selmer, TN 38375
      View Details

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    1201 Cir Dr
    Selmer, TN 38375
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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
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