Office Building with Open Floor
4829 US-45 N Bypass, Jackson, TN 38305
For Sale
$3,100,000
Commercial Sale, Jackson, TN
Property Size36,481 SF
Lot Size10.56 Acres
Price / SF$84.98
Days on Market48
Property Features for 4829 US-45 N Bypass
General Information
Property type
Property subtype
Zoning description
Parking
Security features
Elementary school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
landscaped yard areas
patio and courtyard
secured rear courtyard
pond
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Haltom Real Estate Group
(731) 984-2200
Listed By:
Kathryn Tucker · License #375976
(731) 225-9001
Added: Sep 23
Changed: Oct 27
Last Checked: Nov 9 at 5:06AM
MLS# 2604494
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.
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Investment Insights
Based on property information with market context.
The property includes a 36,481-square-foot brick office building constructed in 2000 on 10.56 acres. Formerly configured as a call center, the interior has an open work environment with furniture for approximately 400 workstations, seven private offices, two training rooms with combined seating for 50, and four conference rooms. Vinyl, concrete, and carpet flooring are installed throughout, with a flat roof and central HVAC systems.
Site improvements include a 342-space lighted parking lot, landscaped yard areas, a patio, courtyard, secured rear courtyard, and pond. The property is zoned I-2 (Light Industrial), with public water and public sewer. It fronts US-45 N Bypass in Jackson, approximately 1 hour 25 minutes from Memphis International Airport and 2 hours 5 minutes from Nashville International Airport.
Site improvements include a 342-space lighted parking lot, landscaped yard areas, a patio, courtyard, secured rear courtyard, and pond. The property is zoned I-2 (Light Industrial), with public water and public sewer. It fronts US-45 N Bypass in Jackson, approximately 1 hour 25 minutes from Memphis International Airport and 2 hours 5 minutes from Nashville International Airport.
Key Highlights
- 36,481 SF brick office building on 10.56 acres
- Furniture in place for approximately 400 workstations
- Seven private offices, two training rooms, and four conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,833
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,456,660
$4.5M
Cap Rate 7%
$3,183,329
$3.2M
Cap Rate 9%
$2,475,922
$2.5M
Market Conditions
NOI Build-Up for 36,481 SF
Gross rent
$359.0K $9.84/SF
− Vacancy
−$16.2K −$0.44/SF
EGI
$342.8K $9.40/SF
− OpEx
−$120.0K −$3.29/SF
NOI
$222.8K $6.11/SF
Area
Madison County, TN
Vacancy
4.50%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,456,660
Cap Rate 7%
$3,183,329
Cap Rate 9%
$2,475,922
Alternative Uses
Best Use
Office B
$5.56M
$4.87M – $6.49M
NOI $389,300 @ 7.0% cap · market cap 12.56%
Second Best
Flex RnD
$3.18M
$2.79M – $3.71M
NOI $222,833 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$7.51M
$6.57M – $8.76M
NOI $525,852 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
43
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
$221,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Jackson, TN
Properties on Market for Office buildings in Jackson
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - I-2-zoned office property with central heating and cooling, public utilities, and a landscaped site along US-45 N Bypass.
Where is this office building located?
The property is located at 4829 US-45 N Bypass Jackson, TN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 36,481 SF brick office building on 10.56 acres; Furniture in place for approximately 400 workstations; Seven private offices, two training rooms, and four conference rooms
