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Property profile & analytics
OFF-MARKET
Commercial real estate

8693 Shakerag Rd Millington, TN 38053

281.56 ac lot
Property ID
US80-0116130
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 281.56 ac (12,264,754 SF)
APN D0114 00010C
UPID US80-0116130
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
AI Approach AI
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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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