Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    941 Parkway Jackson, TN 38305
    Back to Search
    Property profile & analytics

    941 Parkway, Jackson, TN 38305

    View on Map
    • Retail properties & Spaces
    • 96,613 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kroger Money Services / Check Cashing
    • Domino's Pizza / Take-out & Catering
    • Lynnwood Place / Shopping Center & Mall
    • MoneyGram / Bank / Credit Union
    • Ria Money Transfer - Kroger / Bank / Credit Union

    Property Details for 941 Parkway

    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    Lynnwood Place, located at 941 North Parkway in Jackson, Tennessee (zip code 38305), offers a prime opportunity for businesses seeking flexible manufacturing or commercial space. This Madison County property encompasses a total of 96,613 square feet, divided into four suites. Currently, 5,850 square feet are available for lease, with individual suites ranging from a minimum of 1,250 square feet to a maximum contiguous space of 1,600 square feet. The property is classified as both retail and industrial, making it suitable for a variety of uses. The building's multi-tenant configuration provides an ideal setting for businesses of varying sizes, offering both flexibility and potential for collaboration. The property's location in Jackson, TN, provides convenient access to transportation routes and essential amenities. Interested parties are encouraged to inquire about lease terms and availability for these versatile spaces. The property is ready for immediate occupancy. This is an excellent opportunity to secure high-quality industrial or commercial space in a thriving Tennessee market. The address is easily accessible and well-suited for efficient logistics and operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.828
    Latitude
    35.6518

    Comparable in this City

    • Value Estimation by Request
      5.95 Acres

      Old Humboldt Rd

      Life science properties
      0 Old Humboldt Rd, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      1987 Highway 70

      Multifamily properties
      1987 Highway 70, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      - A Sterling Farms Dr

      Retail properties & Spaces
      0 - A Sterling Farms Dr, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      279 Walker Rd Rd

      Multifamily properties
      279 Walker Rd Rd, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      200 Park Sq

      Retail properties & Spaces
      200 Park Sq, Jackson, TN 38305
      View Details
    • Value Estimation by Request
      1.00 Acre

      404 Oil Well Rd

      Restaurants
      404 Oil Well Rd, Jackson, TN 38305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Jackson, TN

      75-acre property in a high-traffic area, ideal for development.
      1987 Us Highway 70 Byp E, Jackson, TN 38305
      View Details
    • $925,000
      Pending

      Versatile Warehouse with Expansion Potential

      15,000 SF warehouse on 2.9 acres near I-40.
      75 United Dr, Jackson, TN 38305
      View Details
    • Contact for pricing

      00 Sterling Farms Drive, Jackson, TN 38305

      Commercial land
      00 Sterling Farms Dr, Jackson, TN 38305
      View Details
    • $3,300,000
      20,582 SF

      Prime Retail Asset in Jackson

      Premier retail asset with lease availability in high-traffic Jackson corridor.
      1751 Vann Dr, Jackson, TN 38305
      View Details
    • $100,000

      Commercial Property on Christmasville Road

      0.95-acre commercial property connected to Jackson's busiest exit.
      3138 Christmasville Rd, Jackson, TN 38305
      View Details
    • Contact for pricing

      Sterling Farms Mixed-Use Development Land

      Prime development opportunity in Jackson, TN with high visibility.
      - A Sterling Farms Dr, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      6 SF

      Prime Commercial Land Opportunity

      Corner lot ideal for quick service restaurant or drive-through coffee.
      154 Law Road Ext, Jackson, TN 38305
      View Details
    • Contact for pricing

      Carriage House Drive Office/Retail Space

      Office/retail space available for lease near major transportation routes.
      155 Carriage House Dr, Jackson, TN 38305
      View Details
    • $9,548 /Mo
      6,000 SF

      Retail Opportunity in Thompson Farms

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

      New Construction Warehouse Facility

      73,000 sq ft warehouse with convenient interstate access.
      52 Malone Park Cv, Jackson, TN 38305
      View Details
    • $6,650 /Mo
      6,490 SF

      Office and Warehouse Sublease Opportunity

      Sublease opportunity with office, warehouse, and secure parking in Jackson.
      1980 Us Highway 70 Byp E, Jackson, TN 38305
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Retail space in a rapidly growing commercial area near I-40.
      1296 Union University Dr, Jackson, TN 38305
      View Details
    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.
    941 Parkway
    Jackson, TN 38305
    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
    941 Parkway, 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!