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Property profile

8693 Shakerag Rd Millington, TN 38053

OFF-MARKET
Land
Property ID
US80-0116130
281.56 ac lot
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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 Land
Lot 281.56 ac (12,264,754 SF)
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

Location

8693 Shakerag Rd Millington, TN 38053
Millington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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