Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23 Carriage House Dr Jackson, TN 38305

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    Established shopping center with high visibility and easy access.

    Lot size:
    1.00 Acre

    Property Features for 23 Carriage House Dr

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Chris Carothers
    Source: Exprealty

    Listing Agency: Hickman Realty Group Inc.-Jack Listing Agent: Chris Carothers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Regional Power Center Showroom Space

    The North Plaza Shopping Center offers space for rent within an established 173,500 sq ft regional power center. The property benefits from high visibility on I-40, with an average daily traffic count of 40,000. Anchored by Tractor Supply, Planet Fitness, and Aaron's Rent to Own, the center provides excellent parking and easy access. The available space ranges from 1,550 to 34,000 sq ft and includes a large showroom area, two bathrooms, and office space. The base rent is $8.00 per sq ft AS-IS, plus taxes, insurance, and a triple net CAM fee estimated at $1.65 per sq ft.
    Location Intelligence

    Current Use by Public Records

    Jackson home furniture Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Similar Places Nearby

    Prpsige, Millennium Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.853569
    Latitude
    35.660227

    Nearby Similar for Lease

    • $22 SF/Yr
      4,280 SF

      Class A Medical Clinic Space

      Move-in ready, fully appointed medical space in Jackson, TN.
      213 Sterling Farm Dr, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      6,384 SF

      Class A Medical Building ForRent

      Class A medical building with surgical rooms and flexible lease terms.
      209 Oil Well Rd, Jackson, TN 38305
      View Details
    • $1,950 /Mo
      1,257 SF

      Remodeled Retail Space on 45

      Remodeled retail space with high visibility, ready for immediate occupancy.
      1932 By Pass Byp, Jackson, TN 38305
      View Details
    • $23 SF/Yr
      8,585 SF

      Medical Office in Jackson, TN

      Class A medical office space available for lease in Jackson.
      31 Physicians Dr, Jackson, TN 38305
      View Details
    • $5,871 /Mo
      5,032 SF

      Midtown Jackson Stand-Alone Office

      Centrally located office building near US 45 Bypass and I-40.
      773 Parkway North, Jackson, TN 38305
      View Details
    • $4,750 /Mo
      6,311 SF

      Office Space in Jackson, TN

      Office space for rent with premiere central location.
      20 Vann Dr, Jackson, TN 38305
      View Details
    • $3,733 /Mo
      3,200 SF

      Office Building in Jackson, TN

      Office building for lease in a highly visible Jackson location.
      1341 N Highland Ave, Jackson, TN 38301
      View Details
    • $2,750 /Mo
      5,328 SF

      Versatile Commercial Space in Jackson

      Adaptable office, showroom, and shop space suitable for various businesses.
      31 Case Dr, Jackson, TN 38301
      View Details
    • $3,000 /Mo
      4,525 SF

      Professional Office Space in Jackson

      Historic home converted to office space, updated in 2024.
      1651 Hollywood Dr, Jackson, TN 38305
      View Details
    • New
      $22 SF/Yr
      1,400 SF

      Premier Retail Space in Jackson

      12,676 SF retail space in Jackson's premier lifestyle center.
      1348 Union University Dr, Jackson, TN 38305
      View Details
    • $3,050 /Mo
      Pending

      Medical Office Space Available

      Medical office space featuring reception area, exam rooms, and storage.
      160 W University Pkwy, Jackson, TN 38305
      View Details
    • $18 SF/Yr
      1,300 SF

      Restaurant Space in Prime Location

      Restaurant space with full kitchen in high-traffic retail development.
      404 Oil Well Rd, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Shopping center - Established shopping center with high visibility and easy access.
    Where is this shopping center located?
    The property is located at 23 Carriage House Dr Jackson, TN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on I-40 with 40,000 ADDT.; - Anchored by Tractor Supply, Planet Fitness, and Aaron's Rent to Own.; - Space available from 1,550 to 34,000 sq ft.
    (731) 616-9464
    Request Owner's contact information
    23 Carriage House Dr Jackson, TN 38305
    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.
    23 Carriage House Dr
    Jackson, TN 38305
    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
    23 Carriage House Dr Jackson, TN 38305
    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
    Chris Carothers
    (731) 616-9464
    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.