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    Property profile & analytics

    2049 Highway 70 E Jackson, TN 38305

    • Commercial real estate
    For Sale
    View listing
    $8,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0436933
    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

    • Exit 87 BBQ & Catering / Restaurant / Takeout Restaurant

    Property Details for 2049 Highway 70 E

    Property type
    Commercial real estate

    Description

    This exceptional 1,398,276 square foot commercial land parcel presents a remarkable investment opportunity in Jackson, Tennessee. Located at 2049 E Highway 70, this 41-acre site boasts nearly a mile of road frontage along Interstate 40, Highway 70, and Ridgecrest extension, ensuring high visibility and accessibility. Its strategic location offers proximity to major transportation arteries, industrial facilities, and thriving commercial developments, including the Great Wolf Lodge and a local ballpark. The property is zoned for a wide range of commercial uses, making it ideal for hotels, retail establishments (grocery, shopping centers, gas stations), restaurants, and more. The seller is willing to subdivide the land into minimum 2-acre lots, providing flexibility for various development scenarios. This prime location, combined with its substantial size and versatile zoning, makes this property an exceptional opportunity for investors seeking significant returns in a rapidly growing area. The asking price is $6,300,000. The property is situated in Madison County, Tennessee, with a zip code of 38305.

    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
    -88.7301525
    Latitude
    35.6684779

    Comparable in this City

    • $136,050
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      Jackson, TN Residential Land - 9.4 Acres

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      00 Campbell St, Jackson, TN 38305
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    • $3,000,000
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      Prime Jackson, TN Commercial Land

      10 Acres, High-Traffic Location, Development Ready
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      Jackson, TN Commercial Land Opportunity

      9.88 Acres of Prime Commercial Land
      1371 Union University Dr, Jackson, TN 38305
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    • $135,400

      Jackson TN Commercial Land

      6.47 Acres Wooded Lot, Zoned RS-1
      0 Windcrest Dr, Jackson, TN 38305
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    • $3,000,000

      Prime Jackson, TN Commercial Land

      304,920 SF lot, ideal for development
      00 Chloe Pl Rd, Jackson, TN 38305
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    • $1,750,000

      Jackson TN Mixed-Use Land Development

      Prime Jackson location, 435,600 sq ft, development opportunity.
      00 Sterling Farms Dr, Jackson, TN 38305
      View Details

    Similar Nearby for Sale

    • $136,050
      9.40 Acres

      Jackson, TN Residential Land - 9.4 Acres

      Prime Residential Land, Development Potential
      00 Campbell St, Jackson, TN 38305
      View Details
    • $3,000,000
      10.00 Acres

      Prime Jackson, TN Commercial Land

      10 Acres, High-Traffic Location, Development Ready
      0 Chloe Pl, Jackson, TN 38305
      View Details
    • Contact for pricing

      Jackson, TN Commercial Land Opportunity

      9.88 Acres of Prime Commercial Land
      1371 Union University Dr, Jackson, TN 38305
      View Details
    • $135,400

      Jackson TN Commercial Land

      6.47 Acres Wooded Lot, Zoned RS-1
      0 Windcrest Dr, Jackson, TN 38305
      View Details
    • $3,000,000

      Prime Jackson, TN Commercial Land

      304,920 SF lot, ideal for development
      00 Chloe Pl Rd, Jackson, TN 38305
      View Details
    • $1,750,000

      Jackson TN Mixed-Use Land Development

      Prime Jackson location, 435,600 sq ft, development opportunity.
      00 Sterling Farms Dr, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Near Interstate 40

      Land for rent near I-40, close to hotels.
      101 Campbell Oaks Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      3,000 SF

      High-Profile Jackson Retail Land

      Prime 1-Acre Commercial Lot, Pad Ready
      3100 Highland Ave, Jackson, TN 38305
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      High-visibility land near sportsplex and upcoming waterpark resort.
      Ridgecrest Rd, Jackson, TN 38305
      View Details
    • $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
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    • $18 SF/Yr
      9,100 SF

      Jackson, TN Retail Opportunity

      Prime Restaurant Space, 1,300 SF, High Traffic
      404 Oil Well Rd, Jackson, TN 38305
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    • Contact for pricing
      2,949 SF

      Redevelopment Opportunity on Emporium Drive

      1-acre site with existing building, ideal for redevelopment.
      1914 Emporium Dr, Jackson, TN 38305
      View Details
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    2049 Highway 70 E
    Jackson, TN 38305
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    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
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