Flex Property with Office and
For Sale
$450,000
373 N Cumberland Street, Jackson, TN 38301
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 Market193
Property Features for 373 N Cumberland Street
General Information
Standard status
Active
Size
5,055 SF
Lot size
2.00 Acres
Property subtype
Office
Lease Type
NNN
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
Changed: Jul 23
Last Checked: Jul 23 at 3:37AM
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
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 authorities.
Property 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
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 - 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
