8693 Shakerag Rd Millington, TN 38053
This exceptional 281.56-acre property in Millington, Tennessee, presents a compelling investment opportunity. Currently zoned for Conservation Agriculture (CA), this expansive tract boasts 200.5 tillable acres and offers existing farm income. Its strategic location near West Union Road and US Highway 51 ensures convenient access. Surrounded by residential areas, this land provides flexibility for continued agricultural use or potential future residential development. The property's strong location is further supported by a robust surrounding demographic profile, with an average household income exceeding $108,743 within a 3-mile radius. The Shelby County location, with APN D0114 00010C, offers a unique blend of immediate return and long-term growth potential. This is an exceptional opportunity to acquire a significant land holding in a thriving area of Tennessee. The property's size and zoning make it ideal for a variety of agricultural and potential future development uses. Serious inquiries are encouraged to explore this remarkable investment opportunity. The property is located at 8693 Shakerag Rd, Millington, TN 38053.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.