Professional Business District Investment
275 Jackson Meadows Dr Hermitage, TN 37076
275 Jackson Meadows Dr, Hermitage, TN, 37076
$3,950,000
For Sale
$3,950,000
Located in a professional business district with long-term tenants.
Property Size9,892 SF
Lot Size0.76 Acres
Price / SF$399.31
Days on Market145
Property Features for 275 Jackson Meadows Dr
General Information
- Standard status
- Active
- Size
- 9,892 SF
- Lot size
- 0.76 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing Agency
REGAL REALTY GROUP
(615) 499-5864
Listed by
CRYSTAL LETHCOE
Source
Corcoran
Added: Feb 25 Checked: Jul 19 at 3:29 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 REGAL REALTY GROUP
Investment Insights
Based on property information with market context.
This commercial property, situated in a professional business district behind Walmart on Lebanon Rd, is offered for sale. The property encompasses 9892 square feet. Tenants are all long-term, and most have multi-year leases. Intended use of the property is for commercial real estate, office buildings, office properties & spaces, shopping centers, and retail properties & spaces.
Key Highlights
- Long‑term tenants with multi‑year leases provide stable income.
- Convenient location in a professional business district.
- Located behind Walmart on Lebanon Rd.
Local 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 | $261.1k | $26.40 |
| − Vacancy | −$40.5k | −$4.09 |
| EGI | $220.7k | $22.31 |
| − OpEx | −$55.2k | −$5.58 |
| NOI | $165.5k | $16.73 |
9,892 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,503 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$11.98M
$10.48M – $13.97M
NOI $838,308 @ 7.0% cap · market cap 21.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nashville's Balayage and Vivids ...
Photography Service
Andrew W. Stanfield, ...
Medical Clinic
JORDAN FULTZ
Physician
Built-More, LLC
General Contractor
Kara England
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Located in a professional business district with long-term tenants.
Where is this office building located?
The property is located at 275 Jackson Meadows Dr Hermitage, TN.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Long‑term tenants with multi‑year leases provide stable income.; Convenient location in a professional business district.; Located behind Walmart on Lebanon Rd.
