Remodeled Building with Commercial
For Sale
Contact for pricing
68 Executive Drive, Jackson, TN 38305
Remodeled mixed-use building with upgraded commercial kitchen and adjoining lot.
Property Size2,400 SF
Price / SF$166.67
Days on Market91
Property Features for 68 Executive Drive
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
10
Property subtype
Mixed Use, Office
Building Details
Year Built
1997
Listing Agency:
Cornerstone Realty and Property Management
(731) 467-1133
Listed By:
Charlotte Vaughn · License #284473
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Aug 8 at 3:03PM
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 Cornerstone Realty and Property Management
Investment Insights
Based on property information with market context.
This is a mixed-use property featuring a newly remodeled building with new floors and an upgraded A/C unit. The property includes a newly upgraded commercial kitchen and a new ramp that has been approved by the Fire Department. The price includes an adjoining lot. The property size is 2400 square feet. Please note that the camera system and fire system are not included in the price. The property is located on Executive Drive in Jackson, TN.
Key Highlights
- Great location, offering convenience and accessibility.
- Newly remodeled, offering a modern and updated space.
- Newly upgraded commercial kitchen, ideal for food‑related businesses.
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
$31,525
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
7.88%
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%
$630,500
$630.5K
Cap Rate 7%
$450,357
$450.4K
Cap Rate 9%
$350,278
$350.3K
Market Conditions
NOI Build-Up for 2,400 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
$43.2K $18.00/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$42.0K $17.51/SF
− OpEx
−$10.5K −$4.38/SF
NOI
$31.5K $13.14/SF
Area
Madison County, TN
Vacancy
2.70%
Lease Rate
$18.00 /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%
$630,500
Cap Rate 7%
$450,357
Cap Rate 9%
$350,278
Alternative Uses
Best Use
Specialty Retail
$450.4K
$394.1K – $525.4K
NOI $31,525 @ 7.0% cap · market cap 7.88%
Second Best
Mixed Use
$357.2K
$312.5K – $416.7K
NOI $25,002 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled mixed-use building with upgraded commercial kitchen and adjoining lot.
Where is this mixed-use property located?
The property is located at 68 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Great location, offering convenience and accessibility.; Newly remodeled, offering a modern and updated space.; Newly upgraded commercial kitchen, ideal for food‑related businesses.
