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

    1404 E Chester St Jackson, TN 38301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Commercial lot with pavement, ready for immediate use.

    Property size:
    21,344 SF
    Lot size:
    0.49 Acres

    Property Features for 1404 E Chester St

    General Information

    Standard status
    Pending
    Size
    21,344 SF
    Lot size
    0.49 Acres

    We can help!

    Listing Contact
    Chris Carothers
    Chris Carothers
    Source: Exitrealty

    Listing Agency: Hickman Realty Group Listing Agent: Chris Carothers

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

    Learn more

    Overview

    Commercial Lot with Great Visibility

    This commercial lot offers high visibility at a red light intersection. The property includes pavement and is ready for immediate use. It is suitable for a food truck owner looking to own land instead of renting. Alternatively, it presents an opportunity for investors to own and lease the space for a food truck or various other business options. The property has a size of 21344 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.793775
    Latitude
    35.611449

    Nearby Similar for Sale

    • $789,900
      4,828 SF

      Turnkey Office in Madison Square

      Well-maintained office building with drive-thru, safe room, and generator.
      57 Directors Row, Jackson, TN 38305
      View Details
    • $325,000
      2,552 SF

      Professional Office Investment Opportunity

      Commercial office space with NNN lease until January 2027.
      78 Lynoak Cv, Jackson, TN 38305
      View Details
    • $450,000
      5,055 SF

      Versatile Commercial Property in Jackson

      2-acre commercial property with office, warehouse, and shed.
      373 N Cumberland St, Jackson, TN 38301
      View Details
    • $899,000
      5,500 SF

      Versatile Industrial Building in Jackson

      5,500 SF industrial building with warehouse and office space.
      93 Miller Ave, Jackson, TN 38305
      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
    • $350,000
      9,020 SF

      Commercial Property with Income Potential

      Two units, storage, ample parking, high traffic, income potential.
      2053 Hollywood Dr, Jackson, TN 38305
      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
    • $329,900
      2,328 SF

      Commercial Property Near South Side

      Commercial property with employee parking and convenient circular floor plan.
      1605 S Highland Ave, Jackson, TN 38301
      View Details
    • $925,000
      Pending

      Versatile Warehouse with Expansion Potential

      15,000 SF warehouse on 2.9 acres near I-40.
      75 United Dr, Jackson, TN 38305
      View Details
    • $5,135,000
      20,000 SF

      Retail Strip Center Investment Opportunity

      Retail strip center in Jackson's commercial corridor. Value-add potential.
      1000 Vann Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,575 SF

      Retail Redevelopment in Jackson, TN

      Class A retail redevelopment opportunity in Jackson's premiere retail corridor.
      817 Vann Dr, Jackson, TN 38305
      View Details
    • $314,900
      2,720 SF

      North Jackson Triplex Investment Opportunity

      Well-maintained triplex in North Jackson with recent renovations.
      76 Carolane Dr, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with pavement, ready for immediate use.
    Where is this commercial land located?
    The property is located at 1404 E Chester St Jackson, TN.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Great visibility at a Red Light; - Pavement already in place; - Ready to use
    (731) 616-9464
    Request Owner's contact information
    1404 E Chester 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.
    1404 E Chester 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
    1404 E Chester 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
    Chris Carothers
    Chris Carothers
    Real Estate License ID: 250361
    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!