High-Frontage Office
For Sale
$999,900
1629 S Highland Avenue, Jackson, TN 38301
Commercial Sale, Jackson, TN
Property Size5,670 SF
Lot Size2.50 Acres
Price / SF$176.35
Days on Market494
Property Features for 1629 S Highland Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
30
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
109A A 017.00
Size
5,670 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Annual Amount
7663
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Flooring type
Linoleum, Carpet
Building materials
Stone
Listing Agency:
Ragan Realty Group
(731) 410-7700
Listed By:
Brandi Ragan · License #333847
(731) 267-1932
Added: May 7, 2025
Changed: Sep 5
Last Checked: Sep 12 at 1:06PM
MLS# 2502055
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.
This office building contains 5,670 square feet on a 2.5-acre commercial property. Constructed in 1963, the building has stone construction with linoleum and carpet flooring. Public water and public sewer serve the site.
The property fronts Hwy 45 along 239 feet and sits in a commercial corridor with reported daily traffic exceeding 35,000 vehicles. Its address is 1629 S Highland Avenue in Jackson, Tennessee, within Madison County and ZIP Code 38301. The combination of an existing office building, commercial zoning, substantial land area, and direct highway frontage supports a range of commercial planning considerations.
The property fronts Hwy 45 along 239 feet and sits in a commercial corridor with reported daily traffic exceeding 35,000 vehicles. Its address is 1629 S Highland Avenue in Jackson, Tennessee, within Madison County and ZIP Code 38301. The combination of an existing office building, commercial zoning, substantial land area, and direct highway frontage supports a range of commercial planning considerations.
Key Highlights
- 5,670‑square‑foot office building on 2.5 acres
- 239 feet of road frontage on Hwy 45
- Daily traffic count exceeding 35,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,283,020
$1.3M
Cap Rate 7%
$916,443
$916.4K
Cap Rate 9%
$712,789
$712.8K
Market Conditions
NOI Build-Up for 5,670 SF
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.
Gross rent
$122.5K $21.60/SF
− Vacancy
−$15.6K −$2.74/SF
EGI
$106.9K $18.86/SF
− OpEx
−$42.8K −$7.54/SF
NOI
$64.2K $11.31/SF
Area
Madison County, TN
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,283,020
Cap Rate 7%
$916,443
Cap Rate 9%
$712,789
Alternative Uses
Best Use
Healthcare Medical
$916.4K
$801.9K – $1.07M
NOI $64,151 @ 7.0% cap · market cap 6.42%
Second Best
Office B
$864.4K
$756.3K – $1.01M
NOI $60,506 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,730 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 38301, TN
34,170
Population
15,769
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
226
Density / Sq Mi
$40,062
Median Household Income
$28,542
Median Earnings
$958
Median Rent
$119,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with public water and sewer serving a 2.5-acre site.
Where is this office building located?
The property is located at 1629 S Highland Avenue Jackson, TN.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 5,670‑square‑foot office building on 2.5 acres; 239 feet of road frontage on Hwy 45; Daily traffic count exceeding 35,000 vehicles
