Flex Space with Private
For Sale
Contact for pricing
662 Vann Dr, Jackson, TN 38305
A central open area complements private offices, a conference room, and an employee kitchen.
Property Size3,722 SF
Price / SF$2.08
Days on Market9
Property Features for 662 Vann Dr
General Information
Standard status
Active
Size
3,722 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private offices
conference room
kitchen
large open space
Building Details
Year Built
1998
Listing Agency:
Crye-Leike Elite Realtors
Listed By:
Angi Mathenia 7313439724 · License #331470
Source:
Nashvillehouses
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 4:40PM
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 Crye-Leike Elite Realtors
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Investment Insights
Based on property information with market context.
Built in 1998, this 3,722-square-foot flex property combines three private offices and a dedicated conference room with a kitchen and a broad central open area. The open portion can accommodate a range of business layouts, including workstations, showroom space, or customer-facing functions.
The property is on Vann Drive, with exposure along the road and sightlines from I-40. Shopping and dining are nearby, and interstate access is convenient.
The property is on Vann Drive, with exposure along the road and sightlines from I-40. Shopping and dining are nearby, and interstate access is convenient.
Key Highlights
- 3,722 square feet of flex space
- Three private offices and a dedicated conference room
- Central open area, kitchen, and flexible interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,378
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
$307.6K
Cap Rate 7%
$219,686
$219.7K
Cap Rate 9%
$170,867
$170.9K
Market Conditions
NOI Build-Up for 3,722 SF
Gross rent
$22.6K $6.06/SF
− Vacancy
−$586 −$0.16/SF
EGI
$22.0K $5.90/SF
− OpEx
−$6.6K −$1.77/SF
NOI
$15.4K $4.13/SF
Area
Madison County, TN
Vacancy
2.60%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,560
Cap Rate 7%
$219,686
Cap Rate 9%
$170,867
Alternative Uses
Best Use
Retail
$543.2K
$475.3K – $633.8K
NOI $38,026 @ 7.0% cap · market cap 490.40%
Second Best
Flex RnD
$324.8K
$284.2K – $378.9K
NOI $22,735 @ 7.0% cap · market cap 293.20%
Theoretical Best
Office A
$766.4K
$670.6K – $894.2K
NOI $53,650 @ 7.0% cap · market cap 691.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Mae Lou's Cafe — Inside of Madison Place, 565 Carriage House Dr Ste 9, Jackson, TN 38305
Frequently Asked Questions
What type of property is this?
Flex space - A central open area complements private offices, a conference room, and an employee kitchen.
Where is this flex space located?
The property is located at 662 Vann Dr Jackson, TN.
What are key features of this property?
This property features: 3,722 square feet of flex space; Three private offices and a dedicated conference room; Central open area, kitchen, and flexible interior layout
