Custom-Built Veterinary Medical
For Sale
$650,000
84 W University Pkwy, Jackson, TN 38305
Purpose-built veterinary facility with clinical suites, animal rooms, staff areas, and included furnishings and equipment.
Property Size3,288 SF
Price / SF$197.69
Days on Market50
Property Features for 84 W University Pkwy
General Information
Standard status
Active
Size
3,288 SF
Building Details
Year Built
1995
Listing Agency:
Hickman Realty Group Inc
Listed By:
James Chris Carothers
(731) 616-9464
Source:
Fykesrealtygroup
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 7 at 1:03PM
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 Hickman Realty Group Inc
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Investment Insights
Based on property information with market context.
Custom-built veterinary medical center offering a purpose-designed clinical layout within a 3,288-square-foot building constructed in 1995. The facility includes a reception area, preparation space, laboratory, surgery suite, X-ray suite, wash area, and separate rooms for large and small animals with drains. Offices, private staff space, and additional storage support day-to-day operations.
The concrete block building sits on a large lot across from Kroger along a major retail corridor in Jackson. The sale includes furniture, fixtures, and equipment, while certain personal property will be retained by the seller. The current business is owner occupied, and showings require an appointment at least 24 hours in advance.
The concrete block building sits on a large lot across from Kroger along a major retail corridor in Jackson. The sale includes furniture, fixtures, and equipment, while certain personal property will be retained by the seller. The current business is owner occupied, and showings require an appointment at least 24 hours in advance.
Key Highlights
- 3,288‑square‑foot veterinary medical center
- Purpose‑built facility constructed in 1995
- Surgery, laboratory, X‑ray, preparation, and wash areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,201
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,020
$744.0K
Cap Rate 7%
$531,443
$531.4K
Cap Rate 9%
$413,344
$413.3K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$71.0K $21.60/SF
− Vacancy
−$9.0K −$2.74/SF
EGI
$62.0K $18.86/SF
− OpEx
−$24.8K −$7.54/SF
NOI
$37.2K $11.31/SF
Area
Madison County, TN
Vacancy
12.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,020
Cap Rate 7%
$531,443
Cap Rate 9%
$413,344
Alternative Uses
Best Use
Healthcare Medical
$531.4K
$465.0K – $620.0K
NOI $37,201 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.1K
$592.4K – $789.9K
NOI $47,395 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built veterinary facility with clinical suites, animal rooms, staff areas, and included furnishings and equipment.
Where is this medical center located?
The property is located at 84 W University Pkwy Jackson, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,288‑square‑foot veterinary medical center; Purpose‑built facility constructed in 1995; Surgery, laboratory, X‑ray, preparation, and wash areas
