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373 N Cumberland Street, Jackson, TN 38301
2-acre commercial property with office, warehouse, and shed.
Property Size5,055 SF
Lot Size2.00 Acres
Price / SF$84.08
Days on Market204
Property Features for 373 N Cumberland Street
General Information
Standard status
Active
Size
5,055 SF
Total Parking Spaces
30
Lot size
2.00 Acres
Property subtype
Office
Building Details
Year Built
1947
Listing Agency:
Prosper Realty Group
(731) 467-0036
Listed By:
Clay Fowler · License #330963
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Prosper Realty Group
Investment Insights
Based on property information with market context.
Located in downtown Jackson, the property at 373 N. Cumberland is a 2-acre commercial site featuring multiple improvements. The site includes three existing structures: an office building, a warehouse, and a shed. It is ideally suited for a construction yard, contractor headquarters, or service-based business, while also offering flexibility for numerous other commercial or industrial uses. With ample yard space, multiple buildings, and a strategic downtown location, this property presents an excellent opportunity for owner-users, investors, or tenants seeking adaptable space in a high-demand area. The property offers a functional setup for a wide range of business operations. The property size is 5055 square feet.
Key Highlights
- 2‑acre commercial property in downtown Jackson.
- Multiple buildings: office, warehouse, and shed.
- Suitable for construction yard, contractor headquarters, or service‑based business.
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
$20,886
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
4.91%
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%
$417,720
$417.7K
Cap Rate 7%
$298,371
$298.4K
Cap Rate 9%
$232,067
$232.1K
Market Conditions
NOI Build-Up for 5,055 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
$30.6K $6.06/SF
− Vacancy
−$796 −$0.16/SF
EGI
$29.8K $5.90/SF
− OpEx
−$9.0K −$1.77/SF
NOI
$20.9K $4.13/SF
Area
Madison County, TN
Vacancy
2.60%
Lease Rate
$6.06 /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%
$417,720
Cap Rate 7%
$298,371
Cap Rate 9%
$232,067
Alternative Uses
Best Use
Office B
$770.6K
$674.3K – $899.1K
NOI $53,943 @ 7.0% cap · market cap 12.69%
Second Best
Mixed Use
$752.3K
$658.3K – $877.7K
NOI $52,660 @ 7.0% cap · market cap 12.39%
Theoretical Best
Office A
$1.04M
$910.8K – $1.21M
NOI $72,865 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2-acre commercial property with office, warehouse, and shed.
Where is this mixed-use property located?
The property is located at 373 N Cumberland Street Jackson, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2‑acre commercial property in downtown Jackson.; Multiple buildings: office, warehouse, and shed.; Suitable for construction yard, contractor headquarters, or service‑based business.
