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    Property profile & analytics

    1341 N Highland Ave Jackson, TN 38301

    • Office Properties & Spaces
    • 11,854 SF
    • 0.50 lot acres
    For Lease
    View listing
    $3,733 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0352293
    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

    • St Johns Masonic Lodge #332 F&AM / Fraternal Organization
    • United Way Of West Tennessee / Association Or Organization
    • The Ivey Building / Real Estate Agency

    Property Details for 1341 N Highland Ave

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    11,854 SF
    Zone code
    B4
    Property type
    Office Properties & Spaces
    APN
    057065P G 02600
    APU
    057065PG02600

    Description

    The Ivey Building, a Class A property located at 1341 N Highland Ave, Jackson, TN 38301, offers 4,800 square feet of versatile office space in the Midtown Jackson submarket. Built in 1983 and extensively renovated in 2024, this two-story building boasts two suites, each a minimum of 1,600 square feet, with a maximum contiguous space of 4,800 square feet. Currently, the entire 4,800 square feet is vacant and move-in ready. The property is zoned B-4 General Business District, allowing for a variety of uses including traditional, medical, and creative office spaces. Its prime location at the intersection of N. Highland and Campbell Street ensures high traffic visibility. Ample parking is available with 25 spaces. The building's recent renovation provides modern amenities and a fresh, updated aesthetic. This exceptional opportunity is perfect for a single tenant seeking a large space or for two tenants requiring approximately 1,600 square feet each. The building's flexible layout caters to diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8225
    Latitude
    35.6366
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $195,000
    $458,400
    $653,400

    Comparable in this City

    • Value Estimation
      $390,000
      13,243 SF

      525 Main St

      OFFICE (GENERAL) • 13,243 SF
      525 Main St, Jackson, TN 38301-6400
      View Details
    • Value Estimation
      $295,000
      1,816 SF

      139 Mdw St

      OFFICE (GENERAL) • 1,816 SF
      139 Mdw St, Jackson, TN 38301
      View Details
    • Value Estimation by Request
      2,079 SF

      334 Cumberland St

      OFFICE (GENERAL) • 2,079 SF
      334 Cumberland St, Jackson, TN 38301-5406
      View Details
    • Value Estimation by Request
      1,712 SF

      570 Cumberland St

      OFFICE (GENERAL) • 1,712 SF
      570 Cumberland St, Jackson, TN 38301-5367
      View Details
    • Value Estimation by Request
      4,041 SF

      336 Harts Brg Rd

      OFFICE (GENERAL) • 4,041 SF
      336 Harts Brg Rd, Jackson, TN 38301-7614
      View Details
    • Value Estimation by Request
      37,484 SF

      304 Hays Ave

      OFFICE (GENERAL) • 37,484 SF
      304 Hays Ave, Jackson, TN 38301-6441
      View Details

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      Historic office building in Jackson's central business district with parking.
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    Similar Nearby for Lease

    • Contact for pricing
      21,479 SF

      Jackson, TN Office Space for Lease

      21,479 SF Office Building - Modern Upgrades
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    • Contact for pricing
      1,500 SF

      Jackson, TN Medical Office Space

      Prime Medical Office: Build-to-Suit Available
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    • New
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      Jackson, TN Office Space For Lease

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    • $4,200 /Mo
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      Jackson Warehouse and Office Space

      25560 SqFt warehouse with office space for lease.
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      View Details
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    1341 N Highland Ave
    Jackson, TN 38301
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    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
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