Flex Space with Highway
For Sale
$1,250,000
1569 Highway 70 E, Jackson, TN 38305
COMMERCIAL - Jackson, TN
Property Size11,160 SF
Lot Size9.40 Acres
Price / SF$277.78
Days on Market52
Property Features for 1569 Highway 70 E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial building in Jackson TN, Not in the city limits but in Madison County
Parking
10
Fencing
Chain Link
Elementary school district
Jackson Madison Consolidated District
Directions
Head south 3.0 miles from interstate I-40 at exit 87 and the destination is on the right
Standard status
Active
APN
064 068.00
Size
4,500 SF
Lot size
9.40 Acres
Taxes and HOA fees
Tax Annual Amount
1446
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
kitchen
bathroom with washer/dryer hookups
secure keypad gate access
Building Details
Year built
1990
Floors in Building
2
Flooring type
Concrete, Vinyl
Building materials
Aluminum Siding, Steel Frame
Roof type
Metal
Listing Agency:
Nest Realty
(731) 265-6800
Listed By:
Brock Blakemore · License #381452
(731) 487-1840
Added: Jun 27
Changed: Aug 4
Last Checked: Aug 17 at 12:06AM
MLS# 2603090
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 flex space property is built with a steel frame and aluminum siding and includes an office on the main level with a separate front entrance. The office is served by central heating and central air, and includes a renovated kitchen, a bathroom with washer and dryer hookups, and additional upstairs space with two rooms and a full bathroom with a shower. The warehouse portion is equipped with three oversized bay doors, multiple electrical receptacles, welding outlets, floor drains, gas heat, and ample lighting.
The site offers highway frontage and two road entrances for convenient access and circulation, with well-lit front and rear parking for employees, customers, and operations. The overall lot size is 9.4 acres, including 1.25 fenced acres with secure keypad gate access to the side of the building. In the fenced area, there are 17 newly built bays, supported by outdoor lighting and designed to support added rental income or business expansion.
Additional infrastructure includes a metal roof, public water, public sewer, and cable available. The property was built in 1990.
The site offers highway frontage and two road entrances for convenient access and circulation, with well-lit front and rear parking for employees, customers, and operations. The overall lot size is 9.4 acres, including 1.25 fenced acres with secure keypad gate access to the side of the building. In the fenced area, there are 17 newly built bays, supported by outdoor lighting and designed to support added rental income or business expansion.
Additional infrastructure includes a metal roof, public water, public sewer, and cable available. The property was built in 1990.
Key Highlights
- 9.4‑acre site with highway frontage on Highway 70 E and two entrances for access
- Approximately 3,000 heated SF plus 8,160 SF warehouse space
- Office with separate front entrance; upstairs includes two rooms and a full bathroom with shower
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
$35,835
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
2.87%
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%
$716,700
$716.7K
Cap Rate 7%
$511,929
$511.9K
Cap Rate 9%
$398,167
$398.2K
Market Conditions
NOI Build-Up for 4,500 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
$44.1K $9.81/SF
− Vacancy
−$2.0K −$0.44/SF
EGI
$42.2K $9.37/SF
− OpEx
−$6.3K −$1.41/SF
NOI
$35.8K $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%
$716,700
Cap Rate 7%
$511,929
Cap Rate 9%
$398,167
Alternative Uses
Best Use
Warehouse
$511.9K
$447.9K – $597.3K
NOI $35,835 @ 7.0% cap · market cap 2.87%
Second Best
Flex RnD
$392.7K
$343.6K – $458.1K
NOI $27,487 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$926.6K
$810.8K – $1.08M
NOI $64,865 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space on Highway 70 E featuring an office, central HVAC, and a large warehouse with multiple oversized bay doors.
Where is this flex space located?
The property is located at 1569 Highway 70 E Jackson, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9.4‑acre site with highway frontage on Highway 70 E and two entrances for access; Approximately 3,000 heated SF plus 8,160 SF warehouse space; Office with separate front entrance; upstairs includes two rooms and a full bathroom with shower
