Multi-Tenant Office
For Sale
$3,950,000
275 Jackson Meadows Dr, Hermitage, TN 37076
Established office property with long-term occupants and a professional business-district setting.
Property Size9,892 SF
Price / SF$399.31
Days on Market91
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 275 Jackson Meadows Dr
General Information
Standard status
Active
Size
9,892 SF
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
Regal Realty Group
Listed By:
Crystal Lethcoe · License #327488
(615) 618-0990
Source:
Fiddletreerealty
Added: Jul 17
Changed: Oct 7
Last Checked: Oct 15 at 3:00AM
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.
Constructed in 2005, this office building contains 9,892 square feet and is occupied by multiple tenants. The tenancy includes long-term occupants, with most tenants holding multi-year leases, providing a defined existing occupancy profile.
The property is located at 275 Jackson Meadows Dr in Hermitage, within a professional business district behind Walmart on Lebanon Rd. Its office-oriented configuration and established tenant base support continued use as a multi-tenant commercial office property.
The property is located at 275 Jackson Meadows Dr in Hermitage, within a professional business district behind Walmart on Lebanon Rd. Its office-oriented configuration and established tenant base support continued use as a multi-tenant commercial office property.
Key Highlights
- 9,892‑square‑foot office building constructed in 2005
- Multiple tenants occupy the property
- All tenants are described as long‑term occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,503
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,310,060
$3.3M
Cap Rate 7%
$2,364,329
$2.4M
Cap Rate 9%
$1,838,922
$1.8M
Market Conditions
NOI Build-Up for 9,892 SF
Gross rent
$261.1K $26.40/SF
− Vacancy
−$40.5K −$4.09/SF
EGI
$220.7K $22.31/SF
− OpEx
−$55.2K −$5.58/SF
NOI
$165.5K $16.73/SF
Area
Davidson County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,310,060
Cap Rate 7%
$2,364,329
Cap Rate 9%
$1,838,922
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established office property with long-term occupants and a professional business-district setting.
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: 9,892‑square‑foot office building constructed in 2005; Multiple tenants occupy the property; All tenants are described as long‑term occupants
