Updated Office
For Sale
$599,900
50 Volunteer Boulevard, Jackson, TN 38305
Commercial Sale, Jackson, TN
Property Size4,212 SF
Price / SF$142.43
Days on Market303
Property Features for 50 Volunteer Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
GENERAL BUSINES
Parking
20
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
033M C 003.00
Size
4,212 SF
Taxes and HOA fees
Tax Annual Amount
5865
Utilities
Utilities
Electricity Available
Cooling system
Electric
Water source
Public
Amenities
his and her bathrooms
kitchen
mechanical room
lobby area
Building Details
Year built
2001
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Hickman Realty Group Inc.-Jack
(731) 664-1006
Listed By:
Tami S. Reid · License #250073
(731) 616-6000
Added: Oct 23, 2025
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 2505109
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 4,212-square-foot office building was constructed in 2001 and features 12–13 offices, two conference rooms, a lobby, kitchen, mechanical room, and separate men’s and women’s restrooms. Interior improvements include updated flooring and paint, while the composition roof is less than five years old. Brick construction, vinyl flooring, electric cooling, and public water service complete the core property profile.
The property is located at 50 Volunteer Boulevard in Jackson, Tennessee, within ZIP Code 38305. Electricity is available at the site. The existing layout provides a range of enclosed work areas and shared business spaces within a single office facility.
The property is located at 50 Volunteer Boulevard in Jackson, Tennessee, within ZIP Code 38305. Electricity is available at the site. The existing layout provides a range of enclosed work areas and shared business spaces within a single office facility.
Key Highlights
- 4,212‑square‑foot office building in Jackson, TN
- 12–13 offices and 2 conference rooms
- Lobby, kitchen, mechanical room, and separate men’s and women’s restrooms
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
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Frequently Asked Questions
What type of property is this?
Office building - Brick office property with multiple private offices, conference rooms, and updated interior finishes.
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 in Jackson, TN; 12–13 offices and 2 conference rooms; Lobby, kitchen, mechanical room, and separate men’s and women’s restrooms
