5221 Chester St Arlington, TN 38002
This exceptional 117.64-acre residential development tract is situated in Arlington, Tennessee, just off I-40, offering unparalleled convenience and access to Memphis. Priced at $3,940,940 ($33,500/acre), this property presents a significant opportunity. Currently enrolled in the Tennessee Greenbelt tax savings program, it boasts all public utilities and merchantable timber. A sewer installation is underway, streamlining development. This is one of the largest remaining tracts in Arlington, and the seller is willing to subdivide. The property's APN is A0152 00066. All due diligence has been completed, facilitating a rapid project commencement. This is one of three available tracts totaling up to 289.2 acres, providing potential for large-scale development. The property is zoned for residential use (Res) and is located at 5221 Chester St, Arlington, TN 38002.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.