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
    Back to Search
    Property profile & analytics

    215 Main St Jackson, TN 38301-6113

    • Retail space
    • 5,044 SF
    • 52.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2022
    $100,000
    Value Estimations
    $115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1957431
    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

    • Sacred Adornments / Tattoo Shop
    • Baker Bros. BBQ / Barbecue Restaurant

    Property Details for 215 Main St

    Year built
    1920
    Construction
    WOOD
    Lot size
    52.00 lot acres
    Property size
    5,044 SF
    Zone code
    B3
    Property type
    Retail space
    APN
    057078P K 00500
    APU
    057078PK00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $110,000
      ML approach
      $70,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $170,000
      Market price range: $134k - $664k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8212
    Latitude
    35.6146
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN 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
    2022
    $1,665
    $7,840
    $39,920
    $47,760
    -
    $19,600
    $99,800
    $119,400

    Comparable in this City

    • Value Estimation by Request
      9,878 SF

      220 Royal St

      Individual retail properties • 9,878 SF
      220 Royal St, Jackson, TN 38301
      View Details
    • Value Estimation
      $310,000
      2,880 SF

      555 Bolivar Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      555 Bolivar Hwy, Jackson, TN 38301-7846
      View Details
    • Value Estimation
      $270,000
      1,301 SF

      1024 Campbell St

      RETAIL STORES (PERSONAL SERVICES) • 1,301 SF
      1024 Campbell St, Jackson, TN 38301-4047
      View Details
    • Value Estimation
      $250,000
      1,500 SF

      559 Chester St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      559 Chester St, Jackson, TN 38301-7063
      View Details
    • Value Estimation
      $280,000
      1,016 SF

      346 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,016 SF
      346 Main St, Jackson, TN 38301
      View Details
    • Value Estimation
      $220,000
      2,524 SF

      427 Greenwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,524 SF
      427 Greenwood Ave, Jackson, TN 38301-4135
      View Details

    Similar Nearby for Sale

    • $849,000
      10,850 SF

      Commercial Property in High-Traffic Location

      Commercial property with high visibility and flexible occupancy options.
      1090 Us-45 Byp, Jackson, TN 38301
      View Details
    • $1,750,000
      6,760 SF

      Vacant Retail Building For Sale

      Single tenant retail building with great access and visibility.
      2090 N Highland Ave, Jackson, TN 38301
      View Details
    • $700,000
      9,878 SF

      Prime Jackson Retail Storefront

      High-traffic location, value-add opportunity
      220 Royal St, Jackson, TN 38301
      View Details
    • $139,900
      1,248 SF

      Retail Location with Secure Lot

      Retail location with secure, fenced lot suitable for various businesses.
      1474 E Chester St, Jackson, TN 38301
      View Details
    • $250,000
      8,800 SF

      Jackson, TN Repair Shop

      8800 Sq Ft repair shop with additional house.
      600 Lower Brownsville Rd, Jackson, TN 38301
      View Details
    • New
      $239,000
      2,176 SF

      Former Restaurant on Corner Lot

      Restaurant with equipment on a high-visibility corner lot.
      1432 Riverside Dr, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,479 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
    • $17 SF/Yr
      2,272 SF

      Downtown Jackson Commercial Space For Rent

      Renovated commercial space in historic downtown Jackson building.
      320 E Lafayette St, Jackson, TN 38301
      View Details
    • Contact for pricing
      1,500 SF

      Updated Retail Space For Rent

      Updated 1,500 SF retail space suitable for various businesses.
      1926 S Highland Ave, Jackson, TN 38301
      View Details
    • $1,100 /Mo
      2,400 SF

      Versatile Commercial Space in Jackson

      New 2,400 SF commercial building suitable for various business types.
      121 H O Forgy Dr, Jackson, TN 38301
      View Details
    • New
      $14 SF/Yr
      2,460 SF

      Downtown Commercial Suite for Rent

      2,460 SF commercial suite in Downtown Jackson, TN.
      230 W Baltimore St, Jackson, TN 38301
      View Details
    • $2,750 /Mo
      5,328 SF

      Versatile Commercial Space in Jackson

      Adaptable office, showroom, and shop space suitable for various businesses.
      31 Case Dr, 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.
    215 Main St
    Jackson, TN 38301-6113
    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.