Flex Property with Office and
373 N Cumberland Street Jackson, TN 38301
373 N Cumberland Street, Jackson, TN, 38301
$450,000
For Sale
$450,000
Downtown Jackson site with office, warehouse, and shed plus 2-acre yard for flexible commercial use.
Property Size5,055 SF
Lot Size2.00 Acres
Price / SF$89.02
Days on Market185
Property Features for 373 N Cumberland Street
General Information
- Standard status
- Active
- Size
- 5,055 SF
- 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
(731) 467-0036
Source
Xome
Added: Jan 19 Updated: Jul 23 at 12:38AM Checked: Jul 23 at 12:38AM
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 at 373 N Cumberland Street in Jackson, TN, this flex property sits on approximately 2 acres and includes three existing structures: an office building, a warehouse, and a shed. The multi-building setup is designed to support a range of operational needs where both office space and improved storage or work areas are helpful.
Public remarks note that the site is well-suited for uses such as a construction yard, contractor headquarters, or other service-based business operations, while also offering flexibility for other commercial or industrial applications. The property is presented as an owner-user or tenant-ready option with ample yard space and multiple improvements to accommodate day-to-day business activities.
Public remarks note that the site is well-suited for uses such as a construction yard, contractor headquarters, or other service-based business operations, while also offering flexibility for other commercial or industrial applications. The property is presented as an owner-user or tenant-ready option with ample yard space and multiple improvements to accommodate day-to-day business activities.
Key Highlights
- 2‑acre downtown Jackson commercial site with multiple improvements and ample yard space
- Includes three structures: an office building, a warehouse, and a shed
- 30 parking spaces
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.6k | $9.81 |
| − Vacancy | −$2.2k | −$0.44 |
| EGI | $47.4k | $9.37 |
| − OpEx | −$7.1k | −$1.41 |
| NOI | $40.3k | $7.96 |
5,055 SF · lease $9.81/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$575.1K
$503.2K – $670.9K
NOI $40,254 @ 7.0% cap · market cap 8.95%
Second Best
Flex RnD
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.04M
$910.8K – $1.21M
NOI $72,865 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
HPL Transport LLC
Trucking Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Downtown Jackson site with office, warehouse, and shed plus 2-acre yard for flexible commercial use.
Where is this flex space located?
The property is located at 373 N Cumberland Street Jackson, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2‑acre downtown Jackson commercial site with multiple improvements and ample yard space; Includes three structures: an office building, a warehouse, and a shed; 30 parking spaces
