High-Traffic Retail Space
For Sale
Contact for pricing
4119 JACKSON AVE, Memphis, TN 38128
Prime retail space on Jackson Avenue, ideal for owner-user.
Property Size941 SF
Price / SF$201.81
Days on Market110
Property Features for 4119 JACKSON AVE
General Information
Standard status
Active
Size
941 SF
Property subtype
Retail
Building Details
Year Built
1947
Stories
1
Units
1
Listing Agency:
Myers Commercial Real Estate
Listed By:
Melanie Myers Bland · License #TN 288335
Source:
Crexi
Added: May 13
Changed: Aug 24
Last Checked: Aug 29 at 11:31PM
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 Myers Commercial Real Estate
Investment Insights
Based on property information with market context.
Located along Jackson Avenue, this property benefits from high traffic and offers an opportunity for an owner-user or small business operator to establish a presence in Memphis. The site features visibility, convenient access, and consistent daily traffic, supported by a surrounding residential base that drives demand for neighborhood retail and service businesses. The 941-square-foot space has a functional layout suitable for a barbershop, salon, or other service-oriented concept, with the ability to support multiple styling stations. This property provides the flexibility to bring your vision to life.
Key Highlights
- High‑traffic location on Jackson Avenue with excellent visibility.
- Ideal for owner‑user or small business operator.
- Functional layout suitable for barbershop, salon, or similar service 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
$9,871
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
5.20%
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%
$197,420
$197.4K
Cap Rate 7%
$141,014
$141.0K
Cap Rate 9%
$109,678
$109.7K
Market Conditions
NOI Build-Up for 941 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
$15.2K $16.20/SF
− Vacancy
−$1.1K −$1.22/SF
EGI
$14.1K $14.99/SF
− OpEx
−$4.2K −$4.50/SF
NOI
$9.9K $10.49/SF
Area
ZIP 38128
Vacancy
7.50%
Lease Rate
$16.20 /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%
$197,420
Cap Rate 7%
$141,014
Cap Rate 9%
$109,678
Alternative Uses
Best Use
Retail
$141.0K
$123.4K – $164.5K
NOI $9,871 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.7K
$218.5K – $291.3K
NOI $17,480 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Electronics 14%
Valero Energy
Shops & Services
6,938 visits/mo
0.3 miles
Sunoco
Shops & Services
6,208 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
4,997 visits/mo
0.2 miles
AutoZone
Shops & Services
4,242 visits/mo
0.3 miles
Boost Mobile
Electronics
2,551 visits/mo
0.4 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space on Jackson Avenue, ideal for owner-user.
Where is this retail space located?
The property is located at 4119 JACKSON AVE Memphis, TN.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: High‑traffic location on Jackson Avenue with excellent visibility.; Ideal for owner‑user or small business operator.; Functional layout suitable for barbershop, salon, or similar service business.
