Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1651 Hollywood Dr Jackson, TN 38305
    Back to Search
    Property profile & analytics

    1651 Hollywood Dr Jackson, TN 38305

    View on Map
    • Office Units
    For Lease
    $7 SF/Yr
    View Listing →
    Professional Office Space Available For Lease
    $7 SF/Yr
    4,525 SF

    Professional Office Space Available

    Historic home converted to office space, updated in 2024.

    1651 Hollywood Drive, Jackson, TN 38305
    View Listing
    Property ID
    US80-2483570
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 1651 Hollywood Dr

    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Historic home converted into professional office space Updated 2024.Super Value 4525 Feed of Office with storage. Great Law, Accounting, Insurance all perfect for All Professional Services or Office Showroom. Classic architecture. Large rooms, private offices upstairs. Great road frontage on Hollywood Drive, with easy access to all of West Tennessee. Hollywood is one of Jackson's fastest growing corridors!!! 4 large professional offices - Large Conference - 2 training or Showroom spaces. Tons of Space for money.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.854857
    Latitude
    35.640937

    Comparable in this City

    • $4,750 /Mo
      6,311 SF

      Office Space in Jackson, TN

      Office space for rent with premiere central location.
      20 Vann Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,975 SF

      Medical/Office Space For Rent

      2598 SF medical/office space available for rent.
      37 Sandstone Cir, Jackson, TN 38305
      View Details
    • Contact for pricing
      5,409 SF

      Modern Office Space Available

      Professionally managed office space with modern amenities and ample parking.
      60 Physicians Dr, Jackson, TN 38305
      View Details
    • $6,048 /Mo
      4,032 SF

      Desirable Office Park Space

      Office space in a sought-after Jackson office park.
      3015-3019 Greystone Sq, Jackson, TN 38305
      View Details
    • $3,000 /Mo
      4,525 SF

      Professional Office Space in Jackson

      Historic home converted to office space, updated in 2024.
      1651 Hollywood 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

    Similar Nearby for Sale

    • $325,000
      2,552 SF

      Professional Office Investment Opportunity

      Professional office space with NNN lease until January 2027.
      78 Lynoak Cv, Jackson, TN 38305
      View Details
    • Contact for pricing
      Pending

      Temperature Controlled Warehouse/Office Building

      14,400 SF temperature controlled warehouse/office with ample parking.
      4450 Highway 45 N, Jackson, TN 38305
      View Details
    • Contact for pricing
      5,500 SF

      Versatile Industrial Building in Jackson

      5,500 SF industrial building with warehouse and office space.
      93 Miller Ave, Jackson, TN 38305
      View Details
    • $879,000
      7,320 SF

      Versatile Commercial Retail/Warehouse Building

      7,200 SF commercial building with showroom, office, and warehouse.
      91 Northstar Dr, Jackson, TN 38305
      View Details
    • $325,000
      2,552 SF

      Professional Office Investment Opportunity

      Commercial office space with NNN lease until January 2027.
      78 Lynoak Cv, Jackson, TN 38305
      View Details
    • Contact for pricing

      Prime Retail Corridor Land

      Located in a busy commercial area, ideal for development.
      2732 N Highland Ave, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Commercial Space For Lease

      New commercial space in high-traffic Thomsen Farms area.
      1373 Union University Dr, Jackson, TN 38305
      View Details
    • $1,980 /Mo
      1,320 SF

      Office Space on Vann Drive

      1320 SF office space suitable for professional services.
      319 Vann Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,975 SF

      Medical/Office Space For Rent

      2598 SF medical/office space available for rent.
      37 Sandstone Cir, Jackson, TN 38305
      View Details
    • Contact for pricing
      5,409 SF

      Modern Office Space Available

      Professionally managed office space with modern amenities and ample parking.
      60 Physicians Dr, Jackson, TN 38305
      View Details
    • $6,048 /Mo
      4,032 SF

      Desirable Office Park Space

      Office space in a sought-after Jackson office park.
      3015-3019 Greystone Sq, Jackson, TN 38305
      View Details
    • $3,000 /Mo
      4,525 SF

      Professional Office Space in Jackson

      Historic home converted to office space, updated in 2024.
      1651 Hollywood Dr, Jackson, TN 38305
      View Details
    View Listing
    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.
    1651 Hollywood Dr
    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
    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
    1651 Hollywood Dr, Jackson, TN, 38305
    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!