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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    82 Federal Dr Jackson, TN 38305-3905

    • Retail space
    • 2,449 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2025
    $300,000
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    9%
    Retail space
    Location Intelligence
    Property ID
    US80-1606676
    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

    • Office Lounge / Bar / Night Club

    Property Details for 82 Federal Dr

    Year built
    1981
    Lot size
    0.23 lot acres
    Property size
    2,449 SF
    Zone code
    B5
    Property type
    Retail space
    APN
    057055E A 00515
    APU
    057055EA00515

    Description

    This exceptional commercial property, located at 82 Federal Drive in Jackson, Tennessee, presents a unique investment opportunity. The building encompasses a substantial 2,449 square feet of space, offering ample room for a variety of business ventures. Situated on a conveniently sized 0.23-acre lot, the property provides ample parking and potential for expansion or outdoor use. The building's versatility makes it suitable for a wide range of commercial applications, from retail and office space to light industrial uses. Its prime location in Jackson, TN offers excellent visibility and accessibility, ensuring high traffic flow and convenient access for customers and employees. The asking price of $339,000 represents a compelling value for a property of this size and potential in a thriving market. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and specifications are available upon request. This is an exceptional opportunity to acquire a well-located, versatile commercial property in a growing Tennessee market. Don't miss out on this chance to establish your business in a prime Jackson location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $206,000
      Market price range: $156k - $513k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $300,000
      Current use
      COMMERCIAL (GENERAL)
      $310,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8351
    Latitude
    35.6691
    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
    $2,011
    $8,520
    $49,200
    $57,720
    -
    $21,300
    $123,000
    $144,300

    Comparable in this City

    • Value Estimation
      $260,000
      1,632 SF

      1267 Old Bells Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,632 SF
      1267 Old Bells Rd, Jackson, TN 38305
      View Details
    • Value Estimation
      $260,000
      2,077 SF

      153 Star Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,077 SF
      153 Star Dr, Jackson, TN 38305-5634
      View Details
    • Value Estimation
      $85,000
      2,932 SF

      1990 Hwy 70th E

      RETAIL STORES (PERSONAL SERVICES) • 2,932 SF
      1990 Hwy 70th E, Jackson, TN 38305-8410
      View Details
    • Value Estimation
      $260,000
      2,100 SF

      29-31 Carriage House Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      29-31 Carriage House Dr, Jackson, TN 38305
      View Details
    • Value Estimation
      $335,000
      6,500 SF

      1889 Hollywood Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      1889 Hollywood Dr, Jackson, TN 38305-4346
      View Details
    • Value Estimation
      $210,000
      1,200 SF

      3740 Hwy 45th N

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      3740 Hwy 45th N, Jackson, TN 38305-7800
      View Details

    Similar Nearby for Sale

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      Prime Jackson, TN location; high-traffic, multi-tenant opportunity.
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    Similar Nearby for Lease

    • $4 SF/Yr
      23,988 SF

      Retail Opportunity in Jackson, TN

      23,988 SF retail space available for lease in Jackson, TN.
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    • $1,950 /Mo
      1,257 SF

      Remodeled Retail Space on 45

      Remodeled retail space with high visibility, ready for immediate occupancy.
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      View Details
    • New
      $2,600 /Mo
      1,885 SF

      Prime Commercial Building For Lease

      Commercial building for lease in a high-traffic business area.
      127 Bon Air Cir, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      2,500 SF

      Retail Space Available For Rent

      2,500 square feet of retail space for lease.
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    • Contact for pricing
      2,949 SF

      Redevelopment Opportunity on Emporium Drive

      1-acre site with existing building, ideal for redevelopment.
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      View Details
    • $8 SF/Yr
      8,450 SF

      Retail Space in Regional Center

      Retail space available in established regional power center with high visibility.
      23 Carriage House Dr, Jackson, TN 38305
      View Details
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    82 Federal Dr
    Jackson, TN 38305-3905
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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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