Jackson, TN Commercial
121 Executive Drive Jackson, TN 38305
For Sale
$1,625,000
COMMERCIAL - Jackson, TN
Property Size9,230 SF
Lot Size1.11 Acres
Price / SF$176.06
Days on Market530
Property Features for 121 Executive Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 53
- Security features
- Security System
- Fencing
- Privacy
- Standard status
- Active
- APN
- 056H A 025.00
- Size
- 9,230 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11687
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet
- Building materials
- Block, Brick Veneer
- Roof type
- Shingle
Listing Agency:
Fisher Realty & Auction
(731) 286-0090
Listed By:
John Eric Robertson · License #370775
(731) 445-8053
Added: Feb 12, 2025
Changed: Jul 11
Last Checked: Jul 27 at 3:06AM
MLS# 2500615
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Jackson, TN, this commercial property presents an investment opportunity. The property, occupied by the Tennessee Corrections Institute, is situated on 1.11 acres. The building has a size of 9230 square feet. The property is currently 100% occupied under a new 10-year lease with a 5-year firm term. The State of Tennessee backs this investment with its "AAA" Credit Rating.
Key Highlights
- Investment opportunity backed by the State of Tennessee's "AAA" Credit Rating.
- 100% occupied property.
- New 10‑year lease with a 5‑year firm term.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.3k | $17.04 |
| − Vacancy | −$26.0k | −$2.81 |
| EGI | $131.3k | $14.23 |
| − OpEx | −$32.8k | −$3.56 |
| NOI | $98.5k | $10.67 |
9,230 SF · lease $17.04/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,496 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,045 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Investigation Bureau
Police Department
FAQs
What type of property is this?
Office building - Commercial property in Jackson, TN, with a long-term lease.
Where is this office building located?
The property is located at 121 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Investment opportunity backed by the State of Tennessee's "AAA" Credit Rating.; 100% occupied property.; New 10‑year lease with a 5‑year firm term.
