Historic Professional Office
For Sale
Contact for pricing
1651 Hollywood Drive, Jackson, TN 38305
Updated professional workspace with private offices, conference space, and flexible training or showroom areas.
Property Size4,525 SF
Price / SF$0.66
Days on Market83
Property Features for 1651 Hollywood Drive
General Information
Standard status
Active
Size
4,525 SF
Additional Details
Road Access
Yes
Building Details
Year Renovated
2024
Listing Agency:
Hickman Realty Group Inc.-Jack
(731) 664-1006
Listed By:
Chris Carothers · License #250361
(731) 616-9464
Source:
Pritchardrealty
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 14 at 10:29PM
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 Hickman Realty Group Inc.-Jack
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Investment Insights
Based on property information with market context.
A historic residence has been adapted for professional office use, combining classic architectural character with a substantial interior layout. The property was updated in 2024 and includes storage, four professional offices, a large conference room, and two additional rooms suited to training or showroom functions. Larger rooms and private offices on the upper level add flexibility for a range of office configurations.
The building fronts Hollywood Drive in Jackson, Tennessee, with access to West Tennessee. Its combination of office, conference, storage, training, and showroom areas supports professional operations that require both private workspaces and shared presentation or meeting areas.
The building fronts Hollywood Drive in Jackson, Tennessee, with access to West Tennessee. Its combination of office, conference, storage, training, and showroom areas supports professional operations that require both private workspaces and shared presentation or meeting areas.
Key Highlights
- Historic residence converted to professional office use
- Updated in 2024
- Four professional offices plus private upstairs offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,230
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,600
$924.6K
Cap Rate 7%
$660,429
$660.4K
Cap Rate 9%
$513,667
$513.7K
Market Conditions
NOI Build-Up for 4,525 SF
Gross rent
$67.9K $15.00/SF
− Vacancy
−$1.8K −$0.41/SF
EGI
$66.0K $14.59/SF
− OpEx
−$19.8K −$4.38/SF
NOI
$46.2K $10.22/SF
Area
Madison County, TN
Vacancy
2.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,600
Cap Rate 7%
$660,429
Cap Rate 9%
$513,667
Alternative Uses
Best Use
Office B
$689.8K
$603.6K – $804.8K
NOI $48,288 @ 7.0% cap · market cap 1,609.60%
Second Best
Retail
$660.4K
$577.9K – $770.5K
NOI $46,230 @ 7.0% cap · market cap 1,541.00%
Theoretical Best
Office A
$931.8K
$815.3K – $1.09M
NOI $65,225 @ 7.0% cap · market cap 2,174.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated professional workspace with private offices, conference space, and flexible training or showroom areas.
Where is this office building located?
The property is located at 1651 Hollywood Drive Jackson, TN.
What are key features of this property?
This property features: Historic residence converted to professional office use; Updated in 2024; Four professional offices plus private upstairs offices
