Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 W Market St Dyersburg, TN 38024

    Sponsored
    For Sale
    $149,900

    COMMERCIAL - Dyersburg, TN

    Property size:
    2,040 SF
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 2:06 pm

    Property Features for 119 W Market St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    099B K 033.01
    Parking
    5
    Size
    2,040 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Hardwood
    Building materials
    Brick, Brick Veneer

    We can help!

    Listing Contact
    Mark A Thompson
    Mark A Thompson

    Professional Real Estate Group (731) 285-5505

    Listing agent Mark A Thompson (731) 445-9997 License #271911

    Listing date Feb 27, 2026

    MLS# 2600801

    Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Dyersburg Commercial Property with Charm

    Located in downtown Dyersburg, this commercial property offers a blend of historic charm and functional design. The 2040-square-foot interior features exposed brick walls, ornate tin ceilings, and original hardwood floors. The property includes multiple rooms and a spacious area with built-in wooden bookshelves. The entrance is framed by brick. This versatile property presents numerous possibilities for business or creative endeavors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Worley Millie Law Firm Christian Carla M Law Firm 7730ADyer County Archives County Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.386713
    Latitude
    36.0317

    Nearby Similar for Sale

    • $699,900
      4,344 SF

      Established Restaurant Business For Sale

      Destination restaurant with decades of history and a recently constructed building.
      5997 Millsfield Hwy, Dyersburg, TN 38024
      View Details
    • New
      $149,900
      2,131 SF

      Dyersburg Retail Space For Sale

      Commercial space in historic downtown Dyersburg, currently a home decor boutique.
      321 Troy Ave, Dyersburg, TN 38024
      View Details
    • $950,000
      7,908 SF

      Dyersburg Medical Office Building

      7,908 sqft medical office building with ample parking.
      1575 Parr Ave, Dyersburg, TN 38024
      View Details
    • $89,900
      4,219 SF

      Versatile Commercial Building in Dyersburg

      Adaptable commercial space suitable for retail, office, or service-based operations.
      1334 E Court St, Dyersburg, TN 38024
      View Details
    • $249,900
      1,813 SF

      Dyersburg Commercial Property with Warehouse

      4.7-acre commercial property featuring office, shop, and warehouse space.
      1335 E Court St, Dyersburg, TN 38024
      View Details
    • $250,000
      1,840 SF

      Retail Property in Dyersburg, TN

      Retail property for sale in Dyersburg, Tennessee.
      575 E Tickle St, Dyersburg, TN 38024
      View Details
    • $299,000
      15.00 Acres

      15-Acre Mini Farm in Dyersburg

      15-acre mini farm with pond, barn, and utilities near Dyersburg.
      2000 Hurricane Hill Rd, Dyersburg, TN 38024
      View Details
    • $99,900
      3,778 SF

      Dyersburg Quadplex Investment Opportunity

      Well-maintained quadplex with income potential in Dyersburg, Tennessee.
      704 Finley St, Dyersburg, TN 38024
      View Details
    • $139,000
      1,040 SF

      Dyersburg Commercial Building For Sale

      Free-standing mixed-use building with ample parking on over an acre.
      1355 Saint John Ave, Dyersburg, TN 38024
      View Details
    • $69,900
      1,728 SF

      Dyersburg Duplex with Rental Income

      Income-generating duplex in Dyersburg, Tennessee with strong rental history.
      715 Byars St, Dyersburg, TN 38024
      View Details
    • New
      $217,000
      1,718 SF

      Dyersburg Duplex with Income Potential

      Residential duplex in Dyersburg, TN, with income-producing potential.
      202 College St, Dyersburg, TN 38024
      View Details
    • $410,000
      16,848 SF

      Dyersburg Multifamily Investment Opportunity

      17-unit multifamily investment package in Dyersburg, Tennessee.
      14 Unit Investment Package, Dyersburg, TN 38024
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile commercial space in downtown Dyersburg with historic features.
    Where is this office space located?
    The property is located at 119 W Market St Dyersburg, TN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Expansive commercial property in downtown Dyersburg.; - Original hardwood floors throughout.; - Exposed brick walls and ornate tin ceilings.
    (731) 445-9997
    Request Owner's contact information
    119 W Market St Dyersburg, TN 38024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 W Market St
    Dyersburg, TN 38024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 W Market St Dyersburg, TN 38024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark A Thompson
    Mark A Thompson
    Real Estate License ID: 271911
    (731) 445-9997 (731) 285-5505
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!