Flexible Multi-Suite Flex
For Sale
Contact for pricing
256 Vann Dr., Jackson, TN 38305
Separately metered improvements with three HVAC systems support divided occupancy.
Property Size6,030 SF
Lot Size0.68 Acres
Price / SF$165.66
Days on Market48
Property Features for 256 Vann Dr.
General Information
Standard status
Active
Size
6,030 SF
Lot size
0.68 Acres
Property subtype
Office, Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Building Size
6,030 SF
Listing Agency:
Avison Young - Knoxville
Listed By:
Keith Cunningham · License #TN 364657
(865) 803-5330
Source:
Crexi
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 16 at 6:51AM
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 - Knoxville
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Investment Insights
Based on property information with market context.
This approximately 6,030 SF flex property occupies approximately 0.68 acres and is configured for either one user or multiple occupants. Two suites have been combined and updated with private offices, open work areas, a reception lobby, conference room, break room, bathrooms, and storage. The remaining suite retains its original layout. Separate meters and three HVAC systems support independent occupancy arrangements, while on-site parking can be divided among users.
The property has frontage along Vann Drive in Jackson, Tennessee, with visibility from Interstate 40. It sits within an established commercial corridor that includes retail, restaurants, hospitality, and other commercial uses. The combination of flexible interior configuration, separate building systems, and multiple parking areas accommodates a range of office, service, and retail operations.
The property has frontage along Vann Drive in Jackson, Tennessee, with visibility from Interstate 40. It sits within an established commercial corridor that includes retail, restaurants, hospitality, and other commercial uses. The combination of flexible interior configuration, separate building systems, and multiple parking areas accommodates a range of office, service, and retail operations.
Key Highlights
- Approximately 6,030 SF on approximately 0.68 acres
- Three‑suite configuration with two suites combined and updated
- Separate electric metering and three HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,348
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,960
$1.3M
Cap Rate 7%
$919,257
$919.3K
Cap Rate 9%
$714,978
$715.0K
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$102.8K $17.04/SF
− Vacancy
−$17.0K −$2.81/SF
EGI
$85.8K $14.23/SF
− OpEx
−$21.4K −$3.56/SF
NOI
$64.3K $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%
$1,286,960
Cap Rate 7%
$919,257
Cap Rate 9%
$714,978
Alternative Uses
Best Use
Office B
$919.3K
$804.4K – $1.07M
NOI $64,348 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,919 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Mae Lou's Cafe — Inside of Madison Place, 565 Carriage House Dr Ste 9, Jackson, TN 38305
Frequently Asked Questions
What type of property is this?
Flex space - Separately metered improvements with three HVAC systems support divided occupancy.
Where is this flex space located?
The property is located at 256 Vann Dr. Jackson, TN.
What is the asking price?
The asking price for this property is $998,900.
What are key features of this property?
This property features: Approximately 6,030 SF on approximately 0.68 acres; Three‑suite configuration with two suites combined and updated; Separate electric metering and three HVAC systems
