Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    229 Parkburg Lot 1 Rd Jackson, TN 38301
    Back to Search
    Property profile & analytics

    229 Parkburg Lot 1 Rd, Jackson, TN 38301

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 229 Parkburg Lot 1 Rd

    Property type
    Land

    Description

    This exceptional 45,302.4 square foot residential land lot presents a unique opportunity in Jackson, Tennessee. Located at 229 Parkburg (Lot 1) Road, this property offers ample space for building your dream home in the desirable Madison County area. The lot's generous size provides significant flexibility in design and landscaping, allowing for a spacious residence with extensive outdoor amenities. The address is conveniently situated within the 38301 zip code, offering easy access to local amenities, schools, and transportation routes. This is a blank canvas for creating a custom-built home tailored to your specific needs and preferences. With its substantial size and prime location, this lot represents a rare find in the Jackson real estate market. The asking price is $15,000, making it an attractive investment for those seeking to build in a desirable Tennessee community. Serious inquiries are encouraged to explore this exceptional opportunity to build your dream home on this expansive lot. The property is classified as residential land and is ready for immediate development. Don't miss this chance to secure this exceptional piece of land in Jackson, TN.

    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
    -88.8075
    Latitude
    35.5333

    Comparable in this City

    • Value Estimation by Request

      205 Parkburg Lot 9 Rd

      Land
      205 Parkburg Lot 9 Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      207 Parkburg Rd

      Land
      207 Parkburg Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      305 Hatton St

      Land
      305 Hatton St, 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

      8 Donnet Lot 10 Cv

      Land
      8 Donnet Lot 10 Cv, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      23 Donnet Lot 18 Cv

      Land
      23 Donnet Lot 18 Cv, Medon, TN 38301
      View Details

    Similar Nearby for Sale

    • $45,000

      Land For Sale in Jackson

      Land available in East Jackson, Tennessee.
      116 Stoddert St, Jackson, TN 38301
      View Details
    • $145,000
      33.00 Acres

      33 Acres Land in Jackson

      Versatile 33-acre parcel with development potential in Jackson, TN.
      200 Deep Gap Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      229 Parkburg Lot 1 Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Undeveloped Land in Madison County

      4.2-acre parcel for residential, agricultural, or investment use.
      Mifflin Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale with 43,560 square feet.
      207 Parkburg Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land Near Hospital and Amenities

      Land conveniently located near hospital, shopping, dining, and essentials.
      109 E Forest Ave, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Rent

      One acre commercial site at a busy hard corner.
      1911 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Commercial Site on S Highland

      Commercial land for rent in high-traffic Jackson, Tennessee area.
      1655 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Prime Build-to-Suit Opportunity

      Two-acre site suitable for retail, office, or mixed-use development.
      1871 S Highland Ave, Jackson, TN 38301
      View Details
    • $1,667 /Mo
      5,000 SF

      Jackson, TN Flex Warehouse Space

      Flex space available in Jackson, TN with cross-dock opportunity.
      217 A St, Jackson, TN 38301
      View Details
    • Contact for pricing
      22,978 SF

      Spacious Warehouse with Crane System

      22,978 SF warehouse featuring offices and a crane.
      408 Sterling St, Jackson, TN 38301
      View Details
    • Contact for pricing
      55,796 SF

      Retail Space in Well-Maintained Center

      High-visibility retail space with abundant parking and flexible leasing.
      1320-1328 S Highland Ave, 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.
    229 Parkburg Lot 1 Rd
    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

    Thank You for Inquiry
    229 Parkburg Lot 1 Rd, Jackson, TN, 38301
    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!