Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1294 Hollywood Dr Jackson, TN 38301
    Back to Search
    Property profile & analytics

    1294 Hollywood Dr Jackson, TN 38301

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1294 Hollywood Dr

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 69,696 square foot lot presents a rare opportunity to build your dream home in Jackson, Tennessee. Located at 1294 Hollywood Drive in Madison County (zip code 38301), this 1.6-acre property offers a blend of privacy and convenience. The lot is currently undeveloped, requiring clearing before construction. Once cleared, a private driveway will be established off Hollywood Drive, leading to the expansive lot. This location provides easy access to major roads, freeways, shopping centers, restaurants, and other essential amenities. The property's size allows for the construction of a substantial residence, providing ample space for a house and landscaping. A survey of the property is currently underway. This is an ideal opportunity for those seeking a spacious, private lot in a desirable location within Jackson, TN. The asking price for this remarkable property is $27,900. Don't miss this chance to secure your future home site.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8456
    Latitude
    35.6325

    Comparable in this City

    • Value Estimation by Request

      Mt Pinson Rd

      Multifamily properties
      0 Mt Pinson Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request
      144.00 Acres

      0000 Steam Mill Ferry Rd

      Agricultural land / Farmland • 144.00 Acres
      0000 Steam Mill Ferry Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      00 Flint Dr And Overhill Dr

      Farms
      00 Flint Dr And Overhill Dr, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      30 Stancil Rd

      Farms
      30 Stancil Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      205 Parkburg Lot 9 Rd

      Land
      205 Parkburg Lot 9 Rd, Jackson, TN 38301
      View Details
    • Value Estimation by Request

      207 Parkburg Rd

      Land
      207 Parkburg Rd, Jackson, TN 38301
      View Details

    Similar Nearby for Sale

    • $300,000
      49.25 Acres

      Land with Building Sites

      49.25-acre timber tract with building sites in Jackson, TN.
      Harts Brg Rd And Lester Chapel Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      193 Parkburg Lot 20 Rd, Jackson, TN 38301
      View Details
    • $45,000

      Land For Sale in Jackson

      Land available in East Jackson, Tennessee.
      116 Stoddert St, Jackson, TN 38301
      View Details
    • $159,000
      33.00 Acres

      33 Acres Land in Jackson

      Versatile 33-acre parcel with development potential in Jackson, TN.
      200 Deep Gap Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      205 Parkburg Lot 9 Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      229 Parkburg Lot 1 Rd, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Rent

      One acre commercial site at a busy hard corner.
      1911 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Commercial Site on S Highland

      Commercial land for rent in high-traffic Jackson, Tennessee area.
      1655 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Prime Build-to-Suit Opportunity

      Two-acre site suitable for retail, office, or mixed-use development.
      1871 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Located in South Jackson's retail hub on Hwy 45.
      1340 S Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      Industrial building featuring office space, loading docks, and truck well.
      105 S Missouri St S, Jackson, TN 38301
      View Details
    • Contact for pricing
      21,479 SF

      Retail Space in Well-Maintained Center

      High-visibility retail space with abundant parking and flexible leasing.
      1320-1328 S Highland Ave, Jackson, TN 38301
      View Details
    Request Owner's contact information
    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.
    1294 Hollywood Dr
    Jackson, TN 38301
    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
    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

    Thank You for Inquiry
    1294 Hollywood Dr, Jackson, TN, 38301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!