Updated Office
For Sale
$599,900
50 Volunteer Boulevard, Jackson, TN 38305
Configured with private offices, conference rooms, a lobby, kitchen, and dedicated parking.
Property Size4,212 SF
Price / SF$142.43
Days on Market322
Property Features for 50 Volunteer Boulevard
General Information
Standard status
Active
Size
4,212 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,426
Amenities
12-13 offices
2 conference rooms
his and her bathrooms
kitchen
mechanical room
lobby area
Electric
3
20 Parking Spaces.
100x286x102x266
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Hickman Realty Group Inc.-jack
(731) 616-6000
Listed By:
Tami Reid · License #250073
(731) 616-6000
Source:
Xome
Added: Oct 13, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:01PM
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 Hickman Realty Group Inc.-jack
Investment Insights
Based on property information with market context.
Built in 2001, this 4,212-square-foot office building includes 12–13 offices, two conference rooms, a lobby, kitchen, mechanical room, and separate men’s and women’s bathrooms. The interior has updated flooring and paint, with improvements made throughout the building. The roof is less than five years old.
The property is located at 50 Volunteer Boulevard in Jackson, Tennessee, with 20 parking spaces available on site. The building’s office configuration and supporting common areas provide a functional setup for a range of professional business uses.
The property is located at 50 Volunteer Boulevard in Jackson, Tennessee, with 20 parking spaces available on site. The building’s office configuration and supporting common areas provide a functional setup for a range of professional business uses.
Key Highlights
- 4,212‑square‑foot office building constructed in 2001
- 12–13 offices and two conference rooms
- Lobby, kitchen, mechanical room, and separate men’s and women’s bathrooms
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
$44,948
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
7.49%
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%
$898,960
$899.0K
Cap Rate 7%
$642,114
$642.1K
Cap Rate 9%
$499,422
$499.4K
Market Conditions
NOI Build-Up for 4,212 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
$71.8K $17.04/SF
− Vacancy
−$11.8K −$2.81/SF
EGI
$59.9K $14.23/SF
− OpEx
−$15.0K −$3.56/SF
NOI
$44.9K $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 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%
$898,960
Cap Rate 7%
$642,114
Cap Rate 9%
$499,422
Alternative Uses
Best Use
Office B
$642.1K
$561.9K – $749.1K
NOI $44,948 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$867.3K
$758.9K – $1.01M
NOI $60,713 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, conference rooms, a lobby, kitchen, and dedicated parking.
Where is this office building located?
The property is located at 50 Volunteer Boulevard Jackson, TN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 4,212‑square‑foot office building constructed in 2001; 12–13 offices and two conference rooms; Lobby, kitchen, mechanical room, and separate men’s and women’s bathrooms
