Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1046 Greystone Sq Jackson, TN 38305-3580

    • Office Properties & Spaces
    • 1,383 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    5.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US80-1510349
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1046 Greystone Sq

    Year built
    2006
    Lot size
    0.03 lot acres
    Property size
    1,383 SF
    Property type
    Office Properties & Spaces
    APN
    057043I H 02300
    APU
    057043IH02300

    Description

    This exceptional 1,344-square-foot executive office suite is ideally located within the prestigious Greystone Office Park in Jackson, Tennessee, at 1046 Greystone Square, zip code 38305. Built in 2006, this single-story office space offers a blank canvas for customization, allowing businesses to create a workspace perfectly tailored to their specific needs. The property includes four dedicated parking spaces, providing ample convenience for employees and clients. Enjoy the added benefit of access to a scenic walking trail and a tranquil lake, enhancing the overall work environment and offering attractive outdoor amenities. A monthly association fee of $200 covers essential services, including insurance, exterior maintenance, and landscaping, ensuring a worry-free ownership experience. The property sits on a 0 square foot lot. This turnkey opportunity presents a compelling investment at an asking price of $99,999. Don't miss the chance to secure this prime office space in a desirable Jackson location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $220,000
      7%
      $205,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8273
    Latitude
    35.6861
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,259
    $0.00
    $36,120
    $36,120
    -
    $0.00
    $90,300
    $90,300

    Comparable in this City

    • Value Estimation by Request

      1651 Hollywood Dr

      Individual retail properties
      1651 Hollywood Dr, Jackson, TN 38305
      View Details
    • Value Estimation
      $250,000
      1,428 SF

      367 Pkwy Pkwyb3

      OFFICE (GENERAL) • 1,428 SF
      367 Pkwy Pkwyb3, Jackson, TN 38305-2872
      View Details
    • Value Estimation
      $250,000
      1,428 SF

      367th N Pkwy Pkwyb4

      OFFICE (GENERAL) • 1,428 SF
      367th N Pkwy Pkwyb4, Jackson, TN 38305-2865
      View Details
    • Value Estimation
      $255,000
      1,080 SF

      98 Star Dr

      OFFICE (GENERAL) • 1,080 SF
      98 Star Dr, Jackson, TN 38305-5684
      View Details
    • Value Estimation
      $265,000
      3,868 SF

      124 Devonshire Sq

      OFFICE (GENERAL) • 3,868 SF
      124 Devonshire Sq, Jackson, TN 38305-2266
      View Details
    • Value Estimation
      $250,000
      1,080 SF

      86th Northshore Dr

      OFFICE (GENERAL) • 1,080 SF
      86th Northshore Dr, Jackson, TN 38305-9247
      View Details

    Similar Nearby for Sale

    • $1,450,000
      27,920 SF

      Prime Jackson, TN Multi-Use Property

      Versatile Retail, Office, & Warehouse
      2058 Hollywood Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      6,336 SF

      Prime Jackson Office Space

      High-visibility office building, ideal for various uses.
      3031 Highway 45 Byp, Jackson, TN 38305
      View Details
    • $1,750,000

      Jackson TN Mixed-Use Land Development

      Prime Jackson location, 435,600 sq ft, development opportunity.
      00 Sterling Farms Dr, Jackson, TN 38305
      View Details
    • $15,000,000

      Prime Jackson TN Land Investment

      75-Acre Commercial Development Opportunity
      1987 Us Highway 70 Byp, Jackson, TN 38305
      View Details
    • $1,450,000
      Pending

      Versatile Commercial Space in Jackson

      27,920 SF retail, office, and warehouse space for sale.
      2058 Hollywood Dr, Jackson, TN 38305
      View Details
    • $179,900

      Prime Jackson Commercial Land

      Acre Lot, Build-to-Suit Option
      126 Volunteer Blvd, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,684 SF

      Jackson TN Office Suite C

      Modern Office Space, 3684 sq ft
      15 Old Humboldt Rd, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,460 SF

      Jackson, TN Commercial Space for Lease

      Brand New Retail/Office Space in High-Traffic Area
      1373 Union University Dr, Jackson, TN 38305
      View Details
    • $18 SF/Yr
      1,257 SF

      Jackson Retail Center - Highway 45 Bypass

      High-traffic retail space, fully remodeled.
      1932 By Pass Byp, Jackson, TN 38305
      View Details
    • $22 SF/Yr
      12,900 SF

      Premiere Retail Space in Jackson, TN

      1,400 SF Retail Space Available
      1348 Union University Dr, Jackson, TN 38305
      View Details
    • $9 SF/Yr
      4,525 SF

      Jackson Office Building: Prime Location

      Historic Office Building, 4,525 sq ft
      1651 Hollywood Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      3,318 SF

      Medical Office Space in Jackson

      Class A medical office space in Jackson's healthcare hub.
      24 Physicians Dr, Jackson, TN 38305
      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.
    1046 Greystone Sq
    Jackson, TN 38305-3580
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.