Custom-Built Veterinary Medical
New
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 Market5
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) 664-1006
Source:
Fykesrealtygroup
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 18 at 11:02AM
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
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 = 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
$37,201
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
5.72%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
