Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Will Mcknight Dr Jackson, TN 38301

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Will Mcknight Dr

    Property type
    Land

    Description

    This exceptional 155,073.6 square foot commercial lot presents a remarkable opportunity for development in the thriving South Jackson, Tennessee area. Located at 0 Will McKnight Drive, Jackson, TN 38301 (35.5794698, -88.8144535), this flat, build-ready parcel is ideally situated near numerous established businesses, offering immediate access to a robust commercial infrastructure. The property's expansive size provides ample space for a wide range of commercial ventures, from retail establishments and office complexes to light industrial facilities. Its prime location within a growing area ensures strong potential for future appreciation and high returns on investment. The asking price for this exceptional opportunity is $115,000. The property is zoned for commercial use (verification of zoning with local authorities is recommended). This is a rare chance to acquire a significant piece of land in a dynamic and expanding commercial corridor. Don't miss this chance to secure a prime location for your next commercial project. Act quickly, as opportunities like this are seldom available. The property is located in Madison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8145
    Latitude
    35.5795

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      1871 Highland Ave

      Land • 1.00 Acre
      1871 Highland Ave, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      & Bedford White Rd

      Multifamily properties
      0 & Bedford White Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      1340 Highland Ave

      Land
      1340 Highland Ave, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      Mifflin Rd

      Land
      0 Mifflin Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      00 Highway 45 Byp

      Multifamily properties
      00 Highway 45 Byp, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      127 Middle Ave

      Land
      127 Middle Ave, Jackson, TN 38301
      View Details

    Similar Nearby for Sale

    • $55,000

      Downtown Jackson TN Lot

      Prime Commercial/Residential Land, Build Your Dream!
      155 Union Ave, Jackson, TN 38301
      View Details
    • $49,500

      Jackson, TN Commercial Land Parcel

      Acre lot, prime location, $49,500
      115 Calvin Dr, Jackson, TN 38301
      View Details
    • $850,000
      3.00 Acres

      Jackson Commercial Land Opportunity

      Prime 3-acre lot, high visibility
      499 Highland Ave, Jackson, TN 38301
      View Details
    • $1,250,000

      High-Yield Jackson TN Investment

      Multi-use Land, Prime Location
      0 & Bedford White Rd, Jackson, TN 38301
      View Details
    • $70,000

      Jackson, TN Commercial Land Investment

      4.5 Acres, Hwy 45 Bypass, No City Taxes
      00 Highway 45 Byp, Jackson, TN 38301
      View Details
    • $35,000

      Mifflin Road Commercial Land Parcel

      4.2-Acre Commercial Land, Jackson, TN
      0 Mifflin Rd, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      High-Traffic Jackson Retail Land

      Prime 1-Acre Corner Lot, High Visibility
      1911 Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing
      21,780 SF

      High-Visibility Jackson Commercial Land

      Prime Hwy 45 Retail Tract, 1 Acre
      1340 Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing
      43,560 SF

      High-Traffic Retail Land Opportunity

      Prime 1-Acre Build-to-Suit Site
      1871 Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Prime Land Near Interstate 40

      Land for rent near I-40, high traffic, growing area.
      90 Campbell Ln, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land Near Interstate 40

      Commercial land available near Interstate 40 and hotels.
      70 Campbell Ln, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Rent I-40

      Land available for rent off I-40 in Jackson, TN.
      50 Campbell Ln, Jackson, TN 38301
      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.
    Will Mcknight Dr
    Jackson, TN 38301
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.