Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    621 Old Hickory Blvd Jackson, TN 38305

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Jackson, TN Retail Center - High Traffic Location

    Lot size:
    57,813 SF

    Property Features for 621 Old Hickory Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,813 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1971/2023
    Stories
    1

    Spaces For Lease

    at 621 Old Hickory Blvd, Jackson, TN 38305 Contact us

    We can help!

    Listing Contact
    Brandon Buchanan
    Brandon Buchanan

    Listing Agency: Buchanan Realty Group Listing Agent: Brandon Buchanan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hamilton Hills Shopping Center, located at 621 Old Hickory Blvd in Jackson, Tennessee, presents a compelling investment opportunity. This single-story, Class C retail center, built in 1971 and extensively renovated in 2023, offers 57,813 square feet of leasable space. The property is zoned B-5 and boasts six suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 14,000 square feet, providing flexibility for various business needs. Ample parking is available with 200 spaces. Its strategic location just off the interstate in the heart of Jackson, TN ensures high visibility and accessibility for businesses. The center's diverse tenant mix, encompassing storefront, hospitality, and retail businesses, creates a vibrant and thriving commercial environment. This property is ideal for businesses seeking a high-traffic location with excellent visibility and convenient access for customers. The recent renovations ensure modern amenities and a well-maintained property. The property is situated in Madison County, Tennessee, zip code 38305. This prime retail space offers a unique opportunity to establish or expand a business in a dynamic and accessible location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beauty World 3 Cosmetic Store El Mezcal Grocery ... Grocery & Convenience Store Page Corey A Physician Two Sisters Bakery Bakery Debra S Nash Foster Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8510839
    Latitude
    35.6588998

    Nearby Similar for Lease

    • New
      $3,733 /Mo
      3,200 SF

      Office Building in Jackson, TN

      Office building for lease in a highly visible Jackson location.
      1341 N Highland Ave, Jackson, TN 38301
      View Details
    • $22 SF/Yr
      1,400 SF

      Premier Retail Space in Jackson

      12,676 SF retail space in Jackson's premier lifestyle center.
      1348 Union University Dr, Jackson, TN 38305
      View Details
    • $9,548 /Mo
      6,000 SF

      Retail Opportunity in Thompson Farms

      Retail space in Jackson's premier retail corridor, Thompson Farms.
      1378 Union University Dr, Jackson, TN 38305
      View Details
    • $6,650 /Mo
      6,490 SF

      Office and Warehouse Sublease Opportunity

      Sublease opportunity with office, warehouse, and secure parking in Jackson.
      1980 Us Highway 70 Byp E, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      1,600 SF

      Retail Space in Growing Corridor

      Retail space in a rapidly growing retail corridor.
      226 Parkstone Pl, Jackson, TN 38305
      View Details
    • $18 SF/Yr
      3,600 SF

      Restaurant Ready Retail Space

      Retail space with restaurant potential near growing retail corridor.
      222 Parkstone Pl, Jackson, TN 38305
      View Details
    • $17 SF/Yr
      5,250 SF

      Historic Downtown Office Space Available

      Recently renovated office space in historic downtown Jackson, Tennessee.
      109 E Lafayette St, Jackson, TN 38301
      View Details
    • $5,871 /Mo
      5,032 SF

      Midtown Jackson Stand-Alone Office

      Centrally located office building near US 45 Bypass and I-40.
      773 Parkway North, Jackson, TN 38305
      View Details
    • $14 SF/Yr
      2,460 SF

      Downtown Commercial Suite for Rent

      2,460 SF commercial suite in Downtown Jackson, TN.
      230 W Baltimore St, Jackson, TN 38301
      View Details
    • $22 SF/Yr
      4,280 SF

      Class A Medical Clinic Space

      Move-in ready, fully appointed medical space in Jackson, TN.
      213 Sterling Farm Dr, Jackson, TN 38305
      View Details
    • $2,750 /Mo
      5,328 SF

      Versatile Commercial Space in Jackson

      Adaptable office, showroom, and shop space suitable for various businesses.
      31 Case Dr, Jackson, TN 38301
      View Details
    • $5,000 /Mo
      4,212 SF

      Updated Office Building For Rent

      Updated office building featuring multiple offices, conference rooms, and modern amenities.
      50 Volunteer Blvd, Jackson, TN 38305
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Jackson, TN Retail Center - High Traffic Location
    Where is this individual retail property located?
    The property is located at 621 Old Hickory Blvd Jackson, TN.
    What are key features of this property?
    This property features: 220,000 square foot retail center.; Excellent access to I-40 and Hwy 45 Bypass.; $6.1 billion retail trade area.
    (731) 300-3071 Call to check price and availability
    Request Owner's contact information
    621 Old Hickory Blvd Jackson, TN 38305
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    621 Old Hickory Blvd
    Jackson, TN 38305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 Old Hickory Blvd Jackson, TN 38305
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Buchanan
    Brandon Buchanan
    (731) 300-3071 (731) 225-0560
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!