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
    Back to Search
    Property profile & analytics

    405 Jackson St Tullahoma, TN 37388

    • Commercial real estate
    • 1,269 SF
    • 0.23 lot acres
    For Sale
    View listing
    $299,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0667087
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 405 Jackson St

    Year built
    1940
    Lot size
    0.23 lot acres
    Property size
    1,269 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    016124J F 00500
    APU
    016124JF00500

    Description

    This versatile 1,500 square foot building located at 405 S Jackson St, Tullahoma, TN, presents a unique investment opportunity. Situated on a 0.34-acre lot, the property boasts original hardwood floors in excellent condition, showcasing its inherent character. Previously used as a church, the building is currently zoned for commercial use, offering a wide range of potential applications. However, the zoning can be converted to residential if desired, providing flexibility for future development. The property is being sold in "as-is" condition. While the listed square footage is 1,500 square feet, potential buyers are encouraged to conduct their own measurements to verify the space. This property is ideal for those seeking a unique building with significant potential for adaptation and redevelopment in a desirable Tullahoma location. The asking price is $299,900. Serious inquiries only. The property's history and current zoning provide a solid foundation for a variety of commercial or residential ventures. Its central location in Tullahoma offers easy access to local amenities and transportation routes. Don't miss this chance to acquire a property with substantial upside.

    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
    Tullahoma
    County
    Coffee
    State
    Tennessee
    Longitude
    -86.215
    Latitude
    35.3651
    CBSA code
    46100
    CBSA name
    TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,260
    $26,400
    $5,040
    $31,440
    -
    $66,000
    $12,600
    $78,600

    Comparable in this City

    • Value Estimation by Request
      2.95 Acres

      Old Manchester Hwy

      COMMERCIAL (GENERAL) • 2.95 Acres
      Old Manchester Hwy, Tullahoma, TN 37388
      View Details
    • Value Estimation by Request

      915 Woosley Rd

      COMMERCIAL (GENERAL)
      915 Woosley Rd, Tullahoma, TN 37388-7829
      View Details
    • Value Estimation by Request

      Lincoln St

      COMMERCIAL (GENERAL)
      Lincoln St, Tullahoma, TN 37388
      View Details
    • Value Estimation by Request
      1,950 SF

      311 Washington St

      COMMERCIAL (GENERAL) • 1,950 SF
      311 Washington St, Tullahoma, TN 37388-4527
      View Details
    • Value Estimation by Request
      0.65 Acres

      925 Washington St

      COMMERCIAL (GENERAL) • 0.65 Acres
      925 Washington St, Tullahoma, TN 37388-2313
      View Details
    • Value Estimation by Request
      2,100 SF

      409 Decherd St

      COMMERCIAL (GENERAL) • 2,100 SF
      409 Decherd St, Tullahoma, TN 37388-3905
      View Details

    Similar Nearby for Sale

    • $10,500,000
      26.09 Acres

      Prime Tullahoma Commercial Land

      26 Acres, Development Ready, High Growth Area
      2219 Jackson St, Tullahoma, TN 37388
      View Details
    • $200,000
      0.49 Acres

      Tullahoma Airport Business Land

      Prime Airport Land, Seller Financing!
      Wilson St, Tullahoma, TN 37388
      View Details
    • $200,000
      0.49 Acres

      Wilson St, Tullahoma, TN 37388

      Commercial real estate • 0.49 Acres
      Wilson St, Tullahoma, TN 37388
      View Details
    • $159,900
      2.80 Acres

      Tullahoma Land - Great Potential

      2.8-acre commercial lot, city utilities.
      1201 Jackson St, Tullahoma, TN 37388
      View Details
    • $279,900
      0.39 Acres

      Tullahoma Commercial Land - Prime Location

      Two lots, corner location, development ready.
      501 Jackson St, Tullahoma, TN 37388
      View Details
    • $415,000
      0.84 Acres

      Tullahoma Commercial Land - High Traffic

      Prime 0.84-acre corner lot in Tullahoma, TN.
      601 Anderson St, Tullahoma, TN 37388
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,235 SF

      Tullahoma Creative Office Space

      2,235 SF Available, High Visibility
      111 Marbury Xing, Tullahoma, TN 37388
      View Details
    • Contact for pricing
      214,450 SF

      Forrest Gallery Retail Space in Tullahoma, TN

      High-traffic retail center with multiple spaces available.
      1905 Jackson St, Tullahoma, TN 37388
      View Details
    • $19 SF/Yr

      Medical Office Suite Near Hospital

      Functional medical office space with excellent signage and parking.
      100 B St, Tullahoma, TN 37388
      View Details
    • $1,350 /Mo
      1,440 SF

      Two-Bedroom Townhome for Rent

      Two-bedroom, two-and-a-half bath townhome with kitchen appliances included.
      201 Blue Lake Dr, Tullahoma, TN 37388
      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.
    405 Jackson St
    Tullahoma, TN 37388
    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.