Industrial Property with Steel
For Sale
$1,750,000
875/879 Airways Blvd, Jackson, TN 38301
Commercial Sale, Jackson, TN
Property Size12,600 SF
Price / SF$138.89
Days on Market363
Property Features for 875/879 Airways Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
50
Fencing
Chain Link
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
076 021.04
Size
12,600 SF
Taxes and HOA fees
Tax Annual Amount
3089
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Flooring type
Concrete
Building materials
Metal Siding, Steel Frame
Roof type
Metal
Listing Agency:
Crye-Leike Elite
(731) 300-7777
Listed By:
Brently Dean Smith · License #374279
(731) 571-8993
Added: Sep 11, 2025
Changed: Sep 7
Last Checked: Sep 8 at 2:06PM
MLS# 2504496
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.
Investment Insights
Based on property information with market context.
This industrial property comprises two steel commercial buildings totaling 12,600 square feet. The improvements feature steel framing, metal siding, metal roofs, and concrete flooring, with numerous working bays and holding pens. One building is rated for 200 mph + winds. Chain-link fencing is in place, and the property includes public water, public sewer, and cable availability.
Located at 875/879 Airways Blvd in Jackson, Tennessee, the property sits within the industrial Airways area. The buildings were constructed in 1981 and are served by public utilities. The site combines durable metal construction with multiple functional interior areas suited to industrial operations.
Located at 875/879 Airways Blvd in Jackson, Tennessee, the property sits within the industrial Airways area. The buildings were constructed in 1981 and are served by public utilities. The site combines durable metal construction with multiple functional interior areas suited to industrial operations.
Key Highlights
- Two steel commercial buildings totaling 12,600 square feet
- One building rated for 200 mph + winds
- Numerous working bays and holding pens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,006,740
$2.0M
Cap Rate 7%
$1,433,386
$1.4M
Cap Rate 9%
$1,114,856
$1.1M
Market Conditions
NOI Build-Up for 12,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$123.6K $9.81/SF
− Vacancy
−$5.6K −$0.44/SF
EGI
$118.0K $9.37/SF
− OpEx
−$17.7K −$1.41/SF
NOI
$100.3K $7.96/SF
Area
Madison County, TN
Vacancy
4.50%
Lease Rate
$9.81 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,006,740
Cap Rate 7%
$1,433,386
Cap Rate 9%
$1,114,856
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,337 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$743.7K
$650.8K – $867.7K
NOI $52,060 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,621 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two steel-frame buildings offer multiple working bays, holding pens, concrete floors, and chain-link fencing.
Where is this industrial property located?
The property is located at 875/879 Airways Blvd Jackson, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two steel commercial buildings totaling 12,600 square feet; One building rated for 200 mph + winds; Numerous working bays and holding pens
