Office Suite with Reception
New
For Sale
$179,900
382 Carriage House Drive, Jackson, TN 38305
Commercial Sale, Jackson, TN
Property Size1,204 SF
Price / SF$149.42
Days on Market6
Property Features for 382 Carriage House Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial/Business
Parking
4
Directions
Beginning at the Intersection of Old Hickory and the 45 By Pass- Turn Right on the 45 By Pass-- Turn Right on Carriage House Drive-- Continue on Carriage House Drive-- The Office is Located on the Right
Standard status
Active
APN
055F A 009.00
Size
1,204 SF
Taxes and HOA fees
Tax Annual Amount
1165
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
landscaped entrance
reception area
conference area
storage area
restroom
Building Details
Year built
1988
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Brick, Vinyl Siding
Roof type
Composition
Listing Agency:
CENTURY 21 Action Realty · Century 21 Real Estate
(731) 668-7700
Listed By:
Sandra Anderson Carter · License #302150
(731) 928-9535
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 16 at 2:06AM
MLS# 2604358
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office unit provides a reception area, three large suites, a conference area, dedicated storage, and a restroom. Natural light and modern finishes contribute to the interior presentation, while staged furnishings are included in the current setup. The suite was built in 1988 and features brick and vinyl siding construction, laminate and ceramic tile flooring, central heating, and central air conditioning.
The property is located on Carriage House Drive in Jackson, Tennessee, within the 38305 ZIP code. Public water and public sewer serve the property, and cable service is available. The space is identified for office use and is also presented as suitable for salon, medical office, retail, and other professional business applications.
The property is located on Carriage House Drive in Jackson, Tennessee, within the 38305 ZIP code. Public water and public sewer serve the property, and cable service is available. The space is identified for office use and is also presented as suitable for salon, medical office, retail, and other professional business applications.
Key Highlights
- Reception area with three large suites
- Conference area, storage space, and restroom
- Natural light and modern interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,440
$272.4K
Cap Rate 7%
$194,600
$194.6K
Cap Rate 9%
$151,356
$151.4K
Market Conditions
NOI Build-Up for 1,204 SF
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.
Gross rent
$26.0K $21.60/SF
− Vacancy
−$3.3K −$2.74/SF
EGI
$22.7K $18.86/SF
− OpEx
−$9.1K −$7.54/SF
NOI
$13.6K $11.31/SF
Area
Madison County, TN
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,440
Cap Rate 7%
$194,600
Cap Rate 9%
$151,356
Alternative Uses
Best Use
Healthcare Medical
$194.6K
$170.3K – $227.0K
NOI $13,622 @ 7.0% cap · market cap 7.57%
Second Best
Office B
$183.5K
$160.6K – $214.1K
NOI $12,848 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
947
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
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
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Frequently Asked Questions
What type of property is this?
Office units - Three large suites, a conference area, storage, and a restroom create a flexible professional office layout.
Where is this office units located?
The property is located at 382 Carriage House Drive Jackson, TN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Reception area with three large suites; Conference area, storage space, and restroom; Natural light and modern interior finishes
