Fenced Storefront with
For Sale
$139,900
1474 Chester Street, Jackson, TN 38301
Existing retail improvements include air conditioning and an asphalt-paved site.
Property Size1,248 SF
Price / SF$112.10
Days on Market519
Property Features for 1474 Chester Street
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Retail
Amenities
Secure Lot fully fenced
A/C - Other
3
50 Parking Spaces.
150 X 200 COR
Asphalt.
Building Details
Year Built
1960
Listing Agency:
Hickman Realty Group Inc.-jack
Listed By:
Chris Carothers · License #250361
(731) 616-9464
Source:
Xome
Added: Apr 2, 2025
Changed: Sep 2
Last Checked: Sep 1 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hickman Realty Group Inc.-jack
Investment Insights
Based on property information with market context.
This 1,248-square-foot storefront property at 1474 E Chester Street includes existing retail improvements, air conditioning, and an asphalt surface. Constructed in 1960, the building is paired with a fully fenced outdoor area that adds secured site functionality.
The property includes 50 parking spaces and may accommodate retail, convenience-oriented, food service, daycare, or small contractor operations, based on the stated improvement and site characteristics. Its fenced outdoor area may also support a business requiring exterior storage.
The property includes 50 parking spaces and may accommodate retail, convenience-oriented, food service, daycare, or small contractor operations, based on the stated improvement and site characteristics. Its fenced outdoor area may also support a business requiring exterior storage.
Key Highlights
- 1,248‑square‑foot storefront property
- Fully fenced outdoor area
- 50 parking spaces
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
$12,750
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
9.11%
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%
$255,000
$255.0K
Cap Rate 7%
$182,143
$182.1K
Cap Rate 9%
$141,667
$141.7K
Market Conditions
NOI Build-Up for 1,248 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
$18.7K $15.00/SF
− Vacancy
−$505 −$0.41/SF
EGI
$18.2K $14.59/SF
− OpEx
−$5.5K −$4.38/SF
NOI
$12.8K $10.22/SF
Area
Madison County, TN
Vacancy
2.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$255,000
Cap Rate 7%
$182,143
Cap Rate 9%
$141,667
Alternative Uses
Best Use
Specialty Retail
$234.2K
$204.9K – $273.2K
NOI $16,393 @ 7.0% cap · market cap 11.72%
Second Best
Retail
$182.1K
$159.4K – $212.5K
NOI $12,750 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$257.0K
$224.9K – $299.8K
NOI $17,989 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail improvements include air conditioning and an asphalt-paved site.
Where is this storefront property located?
The property is located at 1474 Chester Street Jackson, TN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,248‑square‑foot storefront property; Fully fenced outdoor area; 50 parking spaces
