Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    53 Carriage House Drive Jackson, TN 38305

    View on Map
    Claim this Listing
    For Lease
    $4 SF/Yr $7,996/Mo (calc)

    COMMERCIAL - Jackson, TN

    Type:Retail
    Property size:
    23,988 SF
    Lot size:
    10.00 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    317
    Last Refresh:
    May 6 at 5:06 pm

    Property Features for 53 Carriage House Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking
    300
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    055 025.00
    Size
    23,988 SF
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11000

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Block

    We can help!

    Listing Contact
    Chris Carothers
    Chris Carothers

    Listing agent Chris Carothers License #250361

    Listing office Hickman Realty Group Inc.-Jack 49 Murray Guard Dr., Jackson, TN

    Listing date Jun 24, 2025

    MLS# 2502949 Listing URL

    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.

    HighLights

    • Large retail space: 23,988 SF, suitable for various businesses.
    • Value‑add opportunity: Low rate of $4.00 PSF annually NNN.
    • Truck well: Facilitates efficient loading and unloading.
    • Extensive parking: Accommodates high customer volume.
    • Versatile space: Suitable for events, discount retailers, and more.
    • Accessible: Features accessible approach with ramp.

    Overview

    Retail Opportunity in Jackson, TN

    This 23,988 square foot retail space is available for lease in Jackson, Tennessee. The property, formerly a Gimmi Five discount retail and wholesale foods space, is offered in AS IS condition. It features a truck well and extensive parking. The property is situated on a 10-acre lot. The space is suitable for events, discount retailers, and other large retail opportunities seeking warehouse pricing. The annual NNN rate is $4.00 per square foot, with an additional $1.60 per square foot annually for 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Half Priced Foods Grocery & Convenience Store Keevado Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.833008
    Latitude
    35.668854

    Nearby Similar for Lease

    • $1,800/Mo

      Updated Office Space For Lease

      Move-in ready office space in North Jackson, convenient location.
      121 Stonebridge Boulevard, Jackson, TN 38305
      View Details
    • $1,400/Mo

      Well-Appointed Commercial Office Space

      1,100 SF commercial office space for rent in Jackson, TN.
      106 Tucker Street, Jackson, TN 38301
      View Details
    • $14 SF/Yr

      Downtown Commercial Suite for Rent

      2,460 SF commercial suite in Downtown Jackson, TN.
      230 W Baltimore Street, Jackson, TN 38301
      View Details
    • $2,750/Mo

      Versatile Commercial Space in Jackson

      Adaptable office, showroom, and shop space suitable for various businesses.
      31 Case Drive, Jackson, TN 38301
      View Details
    • $20 SF/Yr

      Class A Medical Building ForRent

      Class A medical building with surgical rooms and flexible lease terms.
      209 Oil Well Road, Jackson, TN 38305
      View Details
    • $17 SF/Yr

      Historic Downtown Office Space Available

      Recently renovated office space in historic downtown Jackson, Tennessee.
      109 E Lafayette Street, Jackson, TN 38301
      View Details
    • $9,548/Mo

      Retail Opportunity in Thompson Farms

      Retail space in Jackson's premier retail corridor, Thompson Farms.
      1378 Union University Drive, Jackson, TN 38305
      View Details
    • $5,000/Mo

      Updated Office Building For Rent

      Updated office building featuring multiple offices, conference rooms, and modern amenities.
      50 Volunteer Boulevard, Jackson, TN 38305
      View Details
    • $15 SF/Yr

      South Jackson Retail Space Available

      1,840 SF retail space in Southridge Plaza, South Jackson.
      2103 S Highland Avenue, Jackson, TN 38301
      View Details
    • $3,500/Mo

      Stand Alone Office Building

      Office building with ample parking and flexible floor plan.
      240 Carriage House Drive, Jackson, TN 38305
      View Details
    • $16 SF/Yr

      Downtown Jackson Customizable Office Space

      Customizable office space in downtown Jackson, Tennessee.
      210 E Lafayette Street, Jackson, TN 38301
      View Details
    • $3,500/Mo

      Retail Space in Jackson, TN

      Retail space available for lease in Jackson, Tennessee.
      100 Vann Drive, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Retail space - 23,988 SF retail space available for lease in Jackson, TN.
    Where is this retail space located?
    The property is located at 53 Carriage House Drive Jackson, TN.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Large retail space: 23,988 SF, suitable for various businesses.; Value‑add opportunity: Low rate of $4.00 PSF annually NNN.; Truck well: Facilitates efficient loading and unloading.
    (731) 616-9464
    We can help!
    Listing Contact
    Chris Carothers
    Chris Carothers
    Real Estate License ID: 250361
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    53 Carriage House Drive, Jackson, TN 38305
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!