Professional Office
For Sale
$325,000
78 Lynoak Cove, Jackson, TN 38305
Established professional office with central air, electric service, and asphalt parking.
Property Size2,552 SF
Price / SF$127.35
Days on Market190
Property Features for 78 Lynoak Cove
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Office
Net Operating Income
$43,363
Amenities
Central Air, Electric
3
10 Parking Spaces.
80x124x152xirr
Asphalt.
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
Hickman Realty Group Inc.-jack
(731) 616-9464
Listed By:
Chris Carothers · License #250361
(731) 616-9464
Source:
Xome
Added: Feb 21
Changed: Aug 29
Last Checked: Aug 30 at 2:18PM
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.
This professional office property contains 2,552 square feet and was built in 1995. The improvements include central air and electric service, with an asphalt parking area providing 10 spaces. The property is positioned for professional office use and may suit an owner occupant or an investor seeking an office asset with an NNN lease structure.
Located at 78 Lynoak Cove in Jackson, Tennessee, the property occupies an irregular lot measuring 80x124x152xirr. Its office configuration, existing parking, and established construction provide a straightforward commercial setting for continued professional use.
Located at 78 Lynoak Cove in Jackson, Tennessee, the property occupies an irregular lot measuring 80x124x152xirr. Its office configuration, existing parking, and established construction provide a straightforward commercial setting for continued professional use.
Key Highlights
- 2,552‑square‑foot professional office property built in 1995
- NNN lease structure in place
- Central air and electric service
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
$27,233
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
8.38%
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%
$544,660
$544.7K
Cap Rate 7%
$389,043
$389.0K
Cap Rate 9%
$302,589
$302.6K
Market Conditions
NOI Build-Up for 2,552 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
$43.5K $17.04/SF
− Vacancy
−$7.2K −$2.81/SF
EGI
$36.3K $14.23/SF
− OpEx
−$9.1K −$3.56/SF
NOI
$27.2K $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%
$544,660
Cap Rate 7%
$389,043
Cap Rate 9%
$302,589
Alternative Uses
Best Use
Office B
$389.0K
$340.4K – $453.9K
NOI $27,233 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.5K
$459.8K – $613.1K
NOI $36,786 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
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 units - Established professional office with central air, electric service, and asphalt parking.
Where is this office units located?
The property is located at 78 Lynoak Cove Jackson, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,552‑square‑foot professional office property built in 1995; NNN lease structure in place; Central air and electric service
