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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1416 Hollywood Dr Jackson, TN 38301

    • Commercial real estate
    For Sale
    View listing
    $40,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2819318
    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

    • Commercial real estate

    Property Details for 1416 Hollywood Dr

    Property type
    Commercial real estate

    Description

    This exceptional 0.97-acre commercial lot, located at 1416 Hollywood Drive in Jackson, Tennessee, presents a compelling investment opportunity. Priced at $40,000, this 42,253.2 square foot parcel is situated in a high-traffic area, making it perfect for a variety of commercial ventures. The property's zoning allows for office and retail uses, as well as other commercial applications. Its prime location in Madison County, Tennessee, zip code 38301, offers excellent visibility and accessibility. The property is currently listed as active and represents a strong potential for long-term investment growth. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area. The property's size and location make it suitable for a range of businesses seeking a high-visibility presence. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The MLS number for this listing is 183839. Coordinates are 35.635919 latitude and -88.847978 longitude.

    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
    -88.847978
    Latitude
    35.635919

    Comparable in this City

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    • New
      $1,250,000
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      Prime Land I-40 Exit 87

      25+/- acre commercial development opportunity at I-40 Exit 87.
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    • $1,250,000

      High-Yield Jackson TN Investment

      Multi-use Land, Prime Location
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      Prime Jackson, TN Lot - Build Your Dream Home!

      Established neighborhood, tree-lined backyard, great building lot.
      254 Rhea St, Jackson, TN 38301
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    • $75,000
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      Vacant Lot in Jackson, TN

      Prime 0.29-acre vacant lot suitable for parking or other uses.
      1599 Parkway North, Jackson, TN 38301
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    • $199,999
      2,500 SF

      Downtown Jackson Office Space

      Prime Location, Huge Parking Lot, Ready to Renovate
      418 Baltimore St, Jackson, TN 38301
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    Similar Nearby for Sale

    • $1,550,000
      Pending

      Historic Downtown Office Building with Parking

      Historic office building in Jackson's central business district with parking.
      118 N Church St, Jackson, TN 38301
      View Details
    • New
      $1,250,000
      25.00 Acres

      Prime Land I-40 Exit 87

      25+/- acre commercial development opportunity at I-40 Exit 87.
      70 & Bedford White Rd, Jackson, TN 38301
      View Details
    • $1,250,000

      High-Yield Jackson TN Investment

      Multi-use Land, Prime Location
      0 & Bedford White Rd, Jackson, TN 38301
      View Details
    • Contact for pricing

      Prime Jackson, TN Lot - Build Your Dream Home!

      Established neighborhood, tree-lined backyard, great building lot.
      254 Rhea St, Jackson, TN 38301
      View Details
    • $75,000
      0.29 Acres

      Vacant Lot in Jackson, TN

      Prime 0.29-acre vacant lot suitable for parking or other uses.
      1599 Parkway North, Jackson, TN 38301
      View Details
    • $199,999
      2,500 SF

      Downtown Jackson Office Space

      Prime Location, Huge Parking Lot, Ready to Renovate
      418 Baltimore St, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,796 SF

      Jackson, TN Office Space For Lease

      55,796 SF Office Building - Excellent Location
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      Downtown Jackson Commercial Space For Rent

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      21,479 SF

      Jackson, TN Office Space for Lease

      21,479 SF Office Building - Modern Upgrades
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      Jackson, TN Medical Office Space

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      1,467 SF

      Jackson, TN Office Space For Lease

      Prime Jackson location, 1467 sq ft office/retail
      332 Highland Ave, Jackson, TN 38301
      View Details
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    1416 Hollywood Dr
    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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