Brick Medical Office
1605 S Highland Avenue Jackson, TN 38301
1605 S Highland Avenue, Jackson, TN, 38301
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For Sale
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Brick medical office with lobby, separate offices, kitchen, and restrooms, plus employee parking at the rear.
Property Size2,328 SF
Price / SF$128.82
Days on Market22
Property Features for 1605 S Highland Avenue
General Information
- Standard status
- Active
- Size
- 2,328 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1964
Listing Agency
RE/MAX Realty Source
(731) 695-4480
Listed by
Ben Roberts · License #265965
Source
Crexi
Added: Jun 27 Checked: Jul 17 at 6:34 am
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 RE/MAX Realty Source
Investment Insights
Based on property information with market context.
This brick medical office building offers a warm, welcoming lobby and a layout designed for a smooth, circular flow between work areas. The interior includes separate offices along with additional work space, and it’s supported by a nicely equipped kitchen. Dedicated men’s and women’s restrooms are also in place, helping keep day-to-day operations efficient and convenient.
The property is positioned at a landmark location directly across from South Side High School on South Highland Avenue. Access to the building is straightforward, with employee parking located in the back for practical daily use.
For medical and professional office tenants, the mix of private offices, open work areas, and on-site amenities such as the kitchen and restrooms supports a range of clinic and office-based workflows. Buyers considering an owner-operator setup may also appreciate the straightforward circulation and defined office spaces, paired with rear employee parking and an easily identifiable setting across from a prominent local school.
The property is positioned at a landmark location directly across from South Side High School on South Highland Avenue. Access to the building is straightforward, with employee parking located in the back for practical daily use.
For medical and professional office tenants, the mix of private offices, open work areas, and on-site amenities such as the kitchen and restrooms supports a range of clinic and office-based workflows. Buyers considering an owner-operator setup may also appreciate the straightforward circulation and defined office spaces, paired with rear employee parking and an easily identifiable setting across from a prominent local school.
Key Highlights
- Brick medical office building built in 1964 with a lobby and circular flow layout
- Separate offices and work areas plus a nicely equipped kitchen
- Men's and women's restrooms
Local Financial Insights For Healthcare Medical
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 | $50.3k | $21.60 |
| − Vacancy | −$6.4k | −$2.74 |
| EGI | $43.9k | $18.86 |
| − OpEx | −$17.6k | −$7.54 |
| NOI | $26.3k | $11.31 |
2,328 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$376.3K
$329.2K – $439.0K
NOI $26,339 @ 7.0% cap · market cap 8.78%
Second Best
Office B
$354.9K
$310.5K – $414.1K
NOI $24,843 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$479.4K
$419.5K – $559.3K
NOI $33,557 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carolyn M. Newman
Physician
Carol Newman
Physician
Tucker Clinic
Medical Clinic
Nancy Newman
Physician
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FAQs
What type of property is this?
Medical Office Space - Brick medical office with lobby, separate offices, kitchen, and restrooms, plus employee parking at the rear.
Where is this medical office space located?
The property is located at 1605 S Highland Avenue Jackson, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Brick medical office building built in 1964 with a lobby and circular flow layout; Separate offices and work areas plus a nicely equipped kitchen; Men's and women's restrooms
