PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure.Established neighborhoods surrounding the property Verify all information independently.
Memphis Area Association of Realtors(R) MLS #10222341
May 26, 2026
Sold
$120,000
May 24, 2026
Listed
$144,977
+11
PRIME R-10 DEVELOPMENT OPPORTUNITY-2.96 Acres | 5259 Stage Road, Memphis, TN 38134 $227,000 | 6-12 potential Home Sites. Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes) In a market where median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices? Quick ROI scenario (10 homes): 10 homes × $350,000 = $3.5M gross Land + construction + infrastructure = ~$2.75M potential profit: $750K+ Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason. Location advantages: I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents Wolfchase Galleria (minutes away)Buyer is responsible for utility connections, permits, and infrastructure. Established neighborhoods surrounding the property Verify all information independently.
Memphis Area Association of Realtors(R) MLS #1
Apr 3, 2026
Price Changed
$144,977
Jan 15, 2026
Price Changed
$149,977
Jan 15, 2026
Price Changed
$159,000
Dec 11, 2025
Price Changed
$179,000
Nov 27, 2025
Price Changed
$199,700
Nov 14, 2025
Price Changed
$207,000
Oct 30, 2025
Price Changed
$227,000
Oct 30, 2025
Price Changed
$227,500
REALTRACS as Distributed by MLS Grid #3185530
May 1, 2026
Listing Removed
—
Oct 22, 2025
Listed
$144,977
REALTRACS as Distributed by MLS Grid #2822919
Jul 17, 2025
Listing Removed
—
Jul 4, 2025
Price Changed
$69,990
Jun 10, 2025
Price Changed
$74,990
May 26, 2025
Price Changed
$99,990
Apr 25, 2025
Listed
$107,499
Public Records
Dec 16, 2005
Sold
$106,000
Year
Property tax
Land + Additions
Assessment*
2025
$555 (−12.9%)
$10,525
2024
$637 (+8.1%)
$10,525
2023
$589
$9,675
2022
$589 (−1.2%)
$9,675
2021
$596 (−14.9%)
$9,675
2020
$701
$9,675
2019
$701
$9,675
2018
$701 (+76.3%)
$9,675
2017
$398
$9,675
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2.96 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
088012 00081
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 22, 2026.
R-10
Residential Single-Family-10 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. 5 single-family residential districts are established-R-10 which are differentiated primarily on the basis of minimum lot area and setback requirements.; New R-10 districts are generally located at least 1,500 to 2,000 ft from a CMU-1, CMU-2, CMU-3 or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Park & open space
Property details
Parking
Parking Information
Parking Total: 0
Interior
Virtual Tour
Exterior
Property Information
Property Type: Land
Zoning: Res10
Lot Information
Lot Features: Wooded
Lot Size Area: 2.95
Lot Size Units: Acres
Lot Size Acres: 2.95
Lot Size Dimensions: 2.957 acres
Road Surface Type: Paved
Financial
Tax Information
Tax Annual Amount: $637
Location
Location Information
Directions: Turn right onto Yale Rd ? 1.2 mi Turn left onto Lynchburg St ? 1.0 mi Turn left onto Stage Rd ? Destination will be on the right
Topography: Wooded
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2.96 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Shelby County
APN: 088012 00081
Home facts updated by county records on Jul 22, 2026
Around this home
Schools
Raleigh- Bartlett Meadows School
Public PreK-5 • Assigned • 0.7mi
3/10
Craigmont Middle School
Public 6-8 • Assigned • 1.1mi
6/10
Craigmont High School
Public 9-12 • Assigned • 1.0mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 20 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Bartlett, TN • 38134
Average low and high temperatures (°F)
47
29
57
37
72
50
78
58
79
63
89
72
94
76
91
71
85
66
78
55
65
48
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$128,000 – $155,000
Sell confidently with a local market expert in Bartlett.