Leased Office
For Sale
$1,625,000
121 Executive Drive, Jackson, TN 38305
Commercial Sale, Jackson, TN
Property Size9,230 SF
Lot Size1.11 Acres
Price / SF$176.06
Days on Market601
Property Features for 121 Executive Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
53
Security features
Security System
Fencing
Privacy
Elementary school district
Jackson Madison Consolidated District
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: Oct 2
Last Checked: Oct 6 at 10:06PM
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.
The 9,230-square-foot office building was constructed in 2005 on a 1.11-acre site at 121 Executive Drive in Jackson, Tennessee. Construction includes block and brick veneer, with carpet and vinyl flooring, a shingle roof, and privacy fencing.
The property is fully occupied by the Tennessee Corrections Institute under a new 10-year lease that includes a 5-year firm term. Public water and public sewer serve the site, and phone service is available. The building is classified within the office buildings property type.
The property is fully occupied by the Tennessee Corrections Institute under a new 10-year lease that includes a 5-year firm term. Public water and public sewer serve the site, and phone service is available. The building is classified within the office buildings property type.
Key Highlights
- 9,230‑square‑foot office building constructed in 2005
- Situated on 1.11 acres at 121 Executive Drive, Jackson, TN 38305
- 100% occupied under a new 10‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,496
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,920
$2.0M
Cap Rate 7%
$1,407,086
$1.4M
Cap Rate 9%
$1,094,400
$1.1M
Market Conditions
NOI Build-Up for 9,230 SF
Gross rent
$157.3K $17.04/SF
− Vacancy
−$26.0K −$2.81/SF
EGI
$131.3K $14.23/SF
− OpEx
−$32.8K −$3.56/SF
NOI
$98.5K $10.67/SF
Area
Madison County, TN
Vacancy
16.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,920
Cap Rate 7%
$1,407,086
Cap Rate 9%
$1,094,400
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with public water, public sewer, phone availability, and privacy fencing.
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: 9,230‑square‑foot office building constructed in 2005; Situated on 1.11 acres at 121 Executive Drive, Jackson, TN 38305; 100% occupied under a new 10‑year lease
