Office Building with Glass and Brick
For Sale
Contact for pricing
256 Jackson Meadows Dr, Hermitage, TN 37076
Office building with card key access, parking near entrances, and a glass-and-brick exterior.
Property Size9,440 SF
Price / SF$238.35
Days on Market983
Property Features for 256 Jackson Meadows Dr
General Information
Standard status
Active
Size
9,440 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
parking close to building entrances
card key access system
building signage opportunity
Listing Agency:
Avison Young | Nashville
(615) 727-7406
Listed By:
Brent Basham
Source:
Moodyscre
Added: Nov 20, 2023
Changed: Jul 30
Last Checked: Jul 30 at 12:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young | Nashville
Investment Insights
Based on property information with market context.
This office building offers professional workspace with an attractive glass and brick exterior and card key access system. Parking is located close to the building entrances, supporting convenient day-to-day access for employees and visitors. The property also provides a building signage opportunity.
Convenient access to I-40 can support office traffic for commuters and client visits. The building totals 9,440 SF.
The combination of card key entry, close-in parking, and a polished exterior can fit a range of medical, business, or professional office uses.
Convenient access to I-40 can support office traffic for commuters and client visits. The building totals 9,440 SF.
The combination of card key entry, close-in parking, and a polished exterior can fit a range of medical, business, or professional office uses.
Key Highlights
- 9,440 SF office building
- Convenient access to I‑40
- Parking close to building entrances
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 | $249.2k | $26.40 |
| − Vacancy | −$38.6k | −$4.09 |
| EGI | $210.6k | $22.31 |
| − OpEx | −$52.6k | −$5.58 |
| NOI | $157.9k | $16.73 |
9,440 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.97M – $2.63M
NOI $157,941 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$2.08M
$1.82M – $2.43M
NOI $145,681 @ 7.0% cap · market cap 6.47%
Theoretical Best
Warehouse
$11.43M
$10.00M – $13.33M
NOI $800,003 @ 7.0% cap · market cap 35.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building with card key access, parking near entrances, and a glass-and-brick exterior.
Where is this office building located?
The property is located at 256 Jackson Meadows Dr Hermitage, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9,440 SF office building; Convenient access to I‑40; Parking close to building entrances
