Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    201 N Fairgrounds St Jackson, TN 38301

    Sponsored
    For Sale
    $179,900

    DUPLEX - Jackson, TN

    Property size:
    2,745 SF
    Days on Market:
    5
    Last Refresh:
    Jan 20 at 12:06 am

    Property Features for 201 N Fairgrounds St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    077L G 01100 000
    Parking
    3
    Parking features
    Open
    Size
    2,745 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    1

    We can help!

    Listing Contact
    Sheila Darnell

    Exit Realty Blues City (731) 554-3948

    Listing agent Sheila Darnell (731) 554-3948 License #350695

    Listing date Jan 16, 2026

    MLS# 2505090 Listing URL

    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

    Triplex in Downtown Jackson, TN

    Located in downtown Jackson, TN, this property features a converted older home configured as a triplex. The property offers unique character and convenience, suitable for tenants seeking downtown living. The location provides proximity to shopping, dining, and entertainment options. The property contains 2,745 square feet. This property is an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.829272
    Latitude
    35.618373

    Nearby Similar for Sale

    • New
      $575,000
      1,402 SF

      Restaurant on Corner Lot

      Restaurant with drive-thru on a corner lot for sale.
      1291 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing
      11,411 SF

      Class A Corporate Office Building

      Class A office building in premier business corridor, West Tennessee.
      26 Security Dr, Jackson, TN 38305
      View Details
    • $1,200,000
      2,768 SF

      Turn-Key Restaurant with Drive-Thru

      Restaurant with drive-thru in Jackson's busiest location.
      71 Carriage House Dr, Jackson, TN 38305
      View Details
    • $1,550,000
      Pending

      Historic Downtown Office Building with Parking

      Historic office building in Jackson's central business district with parking.
      118 N Church St, Jackson, TN 38301
      View Details
    • New
      $3,600,000
      5,090 SF

      Turnkey Multifamily Portfolio in Jackson

      35-door portfolio in high-demand rental areas with recent updates.
      112 Holland Ave, Jackson, TN 38301
      View Details
    • $1,425,000
      Pending

      Warehouse/Office Building For Sale

      14,400 SF temperature-controlled warehouse/office building with ample parking.
      4450 Highway 45 N, Jackson, TN 38305
      View Details
    • $925,000
      15,000 SF

      Versatile Warehouse with Expansion Potential

      15,000 SF warehouse on 2.9 acres near I-40.
      75 United Dr, Jackson, TN 38305
      View Details
    • $4,125,000
      6,043 SF

      Retail Investment Opportunity in Jackson

      Stand-alone Verizon building with national credit lease in prime retail development.
      1017 Vann Dr, Jackson, TN 38305
      View Details
    • $125,000
      3,875 SF

      Duplex in Jackson, Tennessee

      Investor opportunity: duplex with potential in Jackson, Tennessee.
      420 Lexington Ave, Jackson, TN 38301
      View Details
    • $239,000
      2,176 SF

      Former Restaurant on Corner Lot

      Restaurant with equipment on a high-visibility corner lot.
      1432 Riverside Dr, Jackson, TN 38301
      View Details
    • $300,000
      800 SF

      Versatile Commercial Property with Warehouses

      Commercial property featuring office space and multiple warehouses for sale.
      692 Boone Ln, Jackson, TN 38301
      View Details
    • $1,595,000
      23,872 SF

      Income-Generating Buildings on 21+ Acres

      21.72-acre property with income-generating buildings and development potential.
      2970 Old Medina Rd, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in downtown Jackson, TN, ideal for investment.
    Where is this triplex located?
    The property is located at 201 N Fairgrounds St Jackson, TN.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Prime downtown Jackson location: close to shopping, dining, and entertainment.; - Triplex conversion: thoughtfully converted into three individual rental units.; - Investment opportunity: priced right with high rental potential.
    (731) 879-0920
    Request Owner's contact information
    201 N Fairgrounds St Jackson, TN 38301
    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.
    201 N Fairgrounds St
    Jackson, TN 38301
    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
    201 N Fairgrounds St Jackson, TN 38301
    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
    Sheila Darnell
    Real Estate License ID: 350695
    (731) 879-0920
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.