Split-Layout Office
For Sale
$395,000
68 Executive Drive, Jackson, TN 38305
Commercial Sale, Jackson, TN
Property Size2,400 SF
Price / SF$164.58
Days on Market103
Property Features for 68 Executive Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Retail Trade, Office, Warehouse
Parking
16
Elementary school district
Jackson Madison Consolidated District
Standard status
Active
APN
056H A 044.00
Size
2,400 SF
Taxes and HOA fees
Tax Annual Amount
3544
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Carpet, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Ragan Realty Group
(731) 410-7700
Listed By:
Brandi Ragan · License #333847
(731) 267-1932
Added: Jul 6
Changed: Oct 2
Last Checked: Oct 16 at 1:06AM
MLS# 2603192
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.
This 2,400-square-foot commercial building is configured as two approximately 1,200-square-foot sides, each with multiple office layouts and its own utility meter. The property was most recently used as a daycare and offers a practical foundation for office occupancy or other permitted commercial applications. Block construction, ceramic tile and carpet flooring, central air, and natural gas heating are in place. Built in 1997, the building is served by public water and public sewer and has a shingle roof.
Key Highlights
- 2,400 square feet of commercial building area
- Two approximately 1,200‑square‑foot sides
- Separate utility meter for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,611
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,220
$512.2K
Cap Rate 7%
$365,871
$365.9K
Cap Rate 9%
$284,567
$284.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.9K $17.04/SF
− Vacancy
−$6.7K −$2.81/SF
EGI
$34.1K $14.23/SF
− OpEx
−$8.5K −$3.56/SF
NOI
$25.6K $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 Rate 5%
$512,220
Cap Rate 7%
$365,871
Cap Rate 9%
$284,567
Alternative Uses
Best Use
Office B
$365.9K
$320.1K – $426.9K
NOI $25,611 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
465
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two independently metered sides support flexible office occupancy and potential multi-tenant use.
Where is this office units located?
The property is located at 68 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,400 square feet of commercial building area; Two approximately 1,200‑square‑foot sides; Separate utility meter for each side
