Multi-Tenant Office
68 Executive Drive Jackson, TN 38305
For Sale
$400,000
COMMERCIAL - Jackson, TN
Property Size2,400 SF
Price / SF$166.67
Days on Market24
Property Features for 68 Executive Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
16
Standard status
Active
APN
056H A 044.00
Size
2,400 SF
Taxes and HOA fees
Tax Annual Amount
3544
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet
Building materials
Block
Roof type
Shingle
Listing Agency:
Ragan Realty Group
(731) 410-7700
Listed By:
Brandi Ragan · License #333847
(731) 267-1932
Added: Jul 6
Changed: Jul 11
Last Checked: Jul 29 at 5:06AM
MLS# 2603192
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.
68 Executive Drive is a commercial office building totaling about 2,400+/- square feet, laid out as two sides of approximately 1,200 square feet each. The property includes multiple office configurations and is supported by two separate utility meters, which can accommodate split occupancy.
The building was most recently operated as a daycare, and the layout may be suited for conversion back to professional office space.
For prospective tenants, owners, or investors seeking a smaller multi-tenant setup, the existing two-side configuration provides flexibility for different operating needs while retaining the option to manage utilities independently through separate meters.
The building was most recently operated as a daycare, and the layout may be suited for conversion back to professional office space.
For prospective tenants, owners, or investors seeking a smaller multi-tenant setup, the existing two-side configuration provides flexibility for different operating needs while retaining the option to manage utilities independently through separate meters.
Key Highlights
- 2,400+/- SF commercial building built in 1997 with block construction
- Previously operated as a daycare; can be converted to professional office space
- Two separate utility meters allow for multiple tenants or owner‑occupancy with added rental income
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 | $40.9k | $17.04 |
| − Vacancy | −$6.7k | −$2.81 |
| EGI | $34.1k | $14.23 |
| − OpEx | −$8.5k | −$3.56 |
| NOI | $25.6k | $10.67 |
2,400 SF · lease $17.04/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.9K
$320.1K – $426.9K
NOI $25,611 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two separate utility metered office configurations total about 2,400 square feet, most recently operated as a daycare.
Where is this office building located?
The property is located at 68 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,400+/- SF commercial building built in 1997 with block construction; Previously operated as a daycare; can be converted to professional office space; Two separate utility meters allow for multiple tenants or owner‑occupancy with added rental income
