Fenced Storefront
For Sale
$139,900
1474 E Chester Street, Jackson, TN 38301
Commercial Sale, Jackson, TN
Property Size1,248 SF
Price / SF$112.10
Days on Market428
Property Features for 1474 E Chester Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-4 City Highway Business
Parking
50
Fencing
Gate, Fenced, Chain Link
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
087C H 001.00
Size
1,248 SF
Taxes and HOA fees
Tax Annual Amount
927
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
Secure Lot fully fenced
Building Details
Year built
1960
Floors in Building
1
Building materials
Block, Clapboard, Concrete
Listing Agency:
Hickman Realty Group Inc.-Jack
(731) 664-1006
Listed By:
Chris Carothers · License #250361
(731) 616-9464
Added: Jun 20, 2025
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
MLS# 2502854
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 storefront property contains 1,248 square feet and was built in 1960. Construction materials include block, clapboard, and concrete, with wall-furnace heating. The improvements include a gated, fenced area secured with chain-link fencing, providing enclosed exterior space connected to the property.
Located at 1474 E Chester Street in Jackson, Tennessee, the property has public water and public sewer service, with cable available. The site’s physical setup includes both an enclosed building and a secured outdoor area, supporting a range of retail-oriented operating requirements where controlled exterior space is useful.
Located at 1474 E Chester Street in Jackson, Tennessee, the property has public water and public sewer service, with cable available. The site’s physical setup includes both an enclosed building and a secured outdoor area, supporting a range of retail-oriented operating requirements where controlled exterior space is useful.
Key Highlights
- 1,248‑square‑foot storefront property
- Gated, fenced area with chain‑link fencing
- Built in 1960
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
132
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 - Retail building with a gated, enclosed area and public water and sewer service.
Where is this storefront property located?
The property is located at 1474 E 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; Gated, fenced area with chain‑link fencing; Built in 1960
