Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    929 Airways Blvd Jackson, TN 38301-3204

    • Auto shops
    • 12,639 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1278972
    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

    • Construction Equipment Rental and Sales / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Moore Equipment / (Bike/Boat/Book/etc) Store / Garden Center
    • Ace Utilities / Hardware & Home Improvement / HVAC Service

    Property Details for 929 Airways Blvd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Property size
    12,639 SF
    Zone code
    B1
    Property type
    Auto shops
    APN
    057076 02200 001
    APU
    5707602200001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,025,000
      Market price range: $393k - $1.76M
      AI Estimate
      $801,000
      Market price range: $375k - $1.22M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,115,000
      Current use
      RETAIL STORES
      $915,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8794
    Latitude
    35.6207
    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
    $2,680
    $20,960
    $122,080
    $143,040
    -
    $52,400
    $305,200
    $357,600

    Comparable in this City

    • Value Estimation by Request
      3,907 SF

      573 Chester St

      AUTO REPAIR, GARAGE • 3,907 SF
      573 Chester St, Jackson, TN 38301-7061
      View Details
    • Value Estimation by Request
      12,336 SF

      510 Riverside Dr

      AUTO REPAIR, GARAGE • 12,336 SF
      510 Riverside Dr, Jackson, TN 38301-5723
      View Details
    • Value Estimation by Request
      2,095 SF

      105 Irby St

      AUTO REPAIR, GARAGE • 2,095 SF
      105 Irby St, Jackson, TN 38301-6434
      View Details
    • Value Estimation by Request
      6,120 SF

      402 Airways Blvd

      AUTO REPAIR, GARAGE • 6,120 SF
      402 Airways Blvd, Jackson, TN 38301-5747
      View Details
    • Value Estimation by Request
      3,000 SF

      549 Mifflin Rd

      AUTO REPAIR, GARAGE • 3,000 SF
      549 Mifflin Rd, Jackson, TN 38301-9092
      View Details
    • Value Estimation by Request
      2,821 SF

      148 Airways Blvd, Unit B

      AUTO REPAIR, GARAGE • 2,821 SF
      148 Airways Blvd, Jackson, TN 38301-5982
      View Details

    Similar Nearby for Sale

    • $215,000
      8,800 SF

      Jackson, TN Repair Shop

      8,800 SF repair shop with house for sale.
      600 Lower Brownsville Rd, Jackson, TN 38301
      View Details
    • $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
    • $150,000
      84,212 SF

      Jackson, TN Car Wash Available

      Car wash with vacant lot near Lane College for sale.
      301 Lane Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Prime Jackson, TN Lot - Build Your Dream Home!

      Established neighborhood, tree-lined backyard, great building lot.
      254 Rhea St, Jackson, TN 38301
      View Details
    • $75,000
      0.29 Acres

      Vacant Lot in Jackson, TN

      Prime 0.29-acre vacant lot suitable for parking or other uses.
      1599 Parkway North, 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

    Similar Nearby for Lease

    • Contact for pricing
      1,467 SF

      Jackson, TN Office Space For Lease

      Prime Jackson location, 1467 sq ft office/retail
      332 Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing
      43,560 SF

      High-Traffic Retail Land Opportunity

      Prime 1-Acre Build-to-Suit Site
      1871 Highland Ave, 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
    • New
      $15 SF/Yr
      1,840 SF

      South Jackson Retail Space Available

      1,840 SF retail space in Southridge Plaza, South Jackson.
      2103 S Highland Ave, Jackson, TN 38301
      View Details
    • 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
    • Contact for pricing
      4,500 SF

      High-Traffic Jackson Retail Land

      Prime 1-Acre Corner Lot, High Visibility
      1911 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.
    929 Airways Blvd
    Jackson, TN 38301-3204
    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.
    Sign Up Successful!
    You now have access to more from Realmo!