Multi-Building Flex
For Sale
$425,000
373 N Cumberland Street, Jackson, TN 38301
COMMERCIAL - Jackson, TN
Property Size5,505 SF
Lot Size2.00 Acres
Price / SF$77.20
Days on Market46
Property Features for 373 N Cumberland Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
--
Parking
30
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
078I S 024.00
Size
5,505 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
1533
Amenities
break room
Building Details
Year built
1947
Floors in Building
1
Building materials
Brick
Listing Agency:
Prosper Realty Group
(731) 215-0210
Listed By:
Laith Al-Jafari · License #381930
(731) 217-7400
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 8 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This flex property at 373 N Cumberland Street combines several functional improvements on approximately 2 acres. The 5,505-square-foot offering includes a finished office building with carpeted offices, open work areas, natural light, a break room, laundry and utility hookups, and a built-in vault room. A brick and block warehouse provides an open interior with high ceilings, while a separate storage shed adds another enclosed space.
Exterior gravel yard areas provide room for vehicles, equipment, materials, and fleet parking. The combination of office, warehouse, storage, and yard components can accommodate contractor, construction, fabrication, storage, and service-oriented operations. The property was built in 1947 and is located in downtown Jackson, Tennessee.
Exterior gravel yard areas provide room for vehicles, equipment, materials, and fleet parking. The combination of office, warehouse, storage, and yard components can accommodate contractor, construction, fabrication, storage, and service-oriented operations. The property was built in 1947 and is located in downtown Jackson, Tennessee.
Key Highlights
- Approximately 2 acres at 373 N Cumberland Street
- 5,505‑square‑foot flex property with multiple buildings
- Finished office building with carpeted offices and open work areas
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
$33,626
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
7.91%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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 Office 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 - Office, warehouse, storage, and gravel 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; 5,505‑square‑foot flex property with multiple buildings; Finished office building with carpeted offices and open work areas
