Single-Story Retail/Office
For Sale
Contact for pricing
Pending
6245 Chester St, Arlington, TN 38002
Single-story brick building with two storefronts, including an operating barber shop and a secondary boutique-style space.
Property Size1,305 SF
Days on Market130
Property Features for 6245 Chester St
General Information
Standard status
Pending
Size
1,305 SF
Class
B
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
1930
Buildings
1
Stories
1
Tenancy
Multi
Construction
brick
Listing Agency:
NAI Saig Company
Listed By:
James McCraw, CCIM · License #TN 340992
(901) 410-3311
Source:
Crexi
Added: Apr 29
Changed: Aug 31
Last Checked: Aug 28 at 7:23PM
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 NAI Saig Company
Investment Insights
Based on property information with market context.
This single-story brick retail/office building offers two storefront spaces within the same structure. One unit is currently occupied by an established barber shop, and the second space is a boutique-style retail/office storefront. The property totals approximately 1,305 square feet.
Located at 6245 Chester Street in Arlington, the building sits on Arlington Town Square and is surrounded by walkable local businesses and retail activity.
The flexible two-frontage configuration supports an owner-user arrangement while also maintaining separate retail storefront presence for an investor scenario with the current tenant in place.
Located at 6245 Chester Street in Arlington, the building sits on Arlington Town Square and is surrounded by walkable local businesses and retail activity.
The flexible two-frontage configuration supports an owner-user arrangement while also maintaining separate retail storefront presence for an investor scenario with the current tenant in place.
Key Highlights
- 1,305 SF single‑story brick retail/office building built in 1930
- Two storefronts: an established barber shop plus a secondary boutique‑style space
- Currently leased with the barbershop tenant
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
$11,839
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
3.38%
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%
$236,780
$236.8K
Cap Rate 7%
$169,129
$169.1K
Cap Rate 9%
$131,544
$131.5K
Market Conditions
NOI Build-Up for 1,305 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
$18.8K $14.40/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$16.9K $12.96/SF
− OpEx
−$5.1K −$3.89/SF
NOI
$11.8K $9.07/SF
Area
Shelby County, TN
Vacancy
10.00%
Lease Rate
$14.40 /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%
$236,780
Cap Rate 7%
$169,129
Cap Rate 9%
$131,544
Alternative Uses
Best Use
Retail
$169.1K
$148.0K – $197.3K
NOI $11,839 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,129 visits/mo
0.1 miles
Demographics for 38002, TN
44,385
Population
15,448
Households
2.9
Avg Household Size
38
Median Age
47%
College-Educated
97%
High-School Grad
116.3 sq mi
ZIP Area
382
Density / Sq Mi
$115,478
Median Household Income
$56,917
Median Earnings
$1,695
Median Rent
$363,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral — Arlington, TN 38002
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story brick building with two storefronts, including an operating barber shop and a secondary boutique-style space.
Where is this storefront property located?
The property is located at 6245 Chester St Arlington, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,305 SF single‑story brick retail/office building built in 1930; Two storefronts: an established barber shop plus a secondary boutique‑style space; Currently leased with the barbershop tenant
