Multi-Building Flex
373 N Cumberland Street, Jackson, TN 38301
For Sale
$425,000
Commercial Sale, Jackson, TN
Property Size5,505 SF
Lot Size2.00 Acres
Price / SF$77.20
Days on Market139
Property Features for 373 N Cumberland Street
General Information
Property type
Property subtype
Zoning description
Parking
Elementary school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
break room
laundry hookups
utility hookups
built-in vault room
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Prosper Realty Group
(731) 215-0210
Listed By:
Laith Al-Jafari · License #381930
(731) 217-7400
Added: Jun 24
Changed: Oct 2
Last Checked: Nov 9 at 5:06AM
MLS# 2602929
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.
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Investment Insights
Based on property information with market context.
This multi-building flex property combines a finished office building, warehouse, separate storage shed, and expansive gravel yard within one commercial site. The 5,505-square-foot office component includes multiple carpeted offices, open work areas, natural light, a break room, laundry and utility hookups, and a built-in vault room. The warehouse provides an open interior with high ceilings and masonry construction, while the additional shed expands on-site storage capacity.
The property encompasses approximately 2 acres at 373 N. Cumberland Street in downtown Jackson, Tennessee. Its outdoor gravel yard offers space for vehicles, equipment, materials, or fleet parking. The combination of finished office space, warehouse capacity, storage improvements, and yard area supports construction, contractor, service, storage, fabrication, and other commercial operations.
The property encompasses approximately 2 acres at 373 N. Cumberland Street in downtown Jackson, Tennessee. Its outdoor gravel yard offers space for vehicles, equipment, materials, or fleet parking. The combination of finished office space, warehouse capacity, storage improvements, and yard area supports construction, contractor, service, storage, fabrication, and other commercial operations.
Key Highlights
- Approximately 2 acres at 373 N. Cumberland Street in Jackson, TN 38301
- 5,505 square feet of property area
- Finished office building with carpeted offices and open work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,626
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,520
$672.5K
Cap Rate 7%
$480,371
$480.4K
Cap Rate 9%
$373,622
$373.6K
Market Conditions
NOI Build-Up for 5,505 SF
Gross rent
$54.2K $9.84/SF
− Vacancy
−$2.4K −$0.44/SF
EGI
$51.7K $9.40/SF
− OpEx
−$18.1K −$3.29/SF
NOI
$33.6K $6.11/SF
Area
Madison County, TN
Vacancy
4.50%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,520
Cap Rate 7%
$480,371
Cap Rate 9%
$373,622
Alternative Uses
Best Use
Office B
$839.2K
$734.3K – $979.1K
NOI $58,746 @ 7.0% cap · market cap 13.82%
Second Best
Warehouse
$626.3K
$548.0K – $730.6K
NOI $43,838 @ 7.0% cap · market cap 10.31%
Theoretical Best
Office A
$1.13M
$991.9K – $1.32M
NOI $79,351 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, storage, and outdoor yard components support varied commercial and industrial operations.
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 $425,000.
What are key features of this property?
This property features: Approximately 2 acres at 373 N. Cumberland Street in Jackson, TN 38301; 5,505 square feet of property area; Finished office building with carpeted offices and open work areas
