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Property profile & analytics
FOR LEASE
Medical Office Space
209 Oil Well Rd Jackson, TN 38305
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-0859700
For Lease
1 / 48
$20 SF/Yr
209 Oil Well Rd, Jackson, TN 38305
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 209 Oil Well Rd in Jackson, Tennessee, is offered for sale with a leaseback option. The 6,384 square foot, two-story building boasts a modern, ergonomically designed layout perfectly suited for a variety of medical specialties. Features include three surgical treatment rooms, two post-op exam rooms, two recovery bays, a pre-op area, two large waiting areas, and two custom nurse stations. Additional amenities include an on-site X-ray room, a manager's office, ample storage throughout, and a convenient covered loading and unloading area. The upper level offers a full bathroom with shower, a kitchen area, a large breakroom/conference area, a private office with its own bathroom, a laundry room, and extensive storage. The building is currently 100% occupied, generating a net operating income (NOI) of $96,000 for the first year. The property is zoned SC-2 and is offered at $1,500,000, with a price per square foot of $234.96. This is a single-tenant, NNN lease property built 15 years ago. This turnkey operation presents a unique investment opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
6,384 SF
Lot
0.1 ac (4,356 SF)
APN
057044F G 00102
UPID
US80-0859700
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
John W. Crowder, DDS, PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.10M
Owner & transaction history
Mclemore Investments LLC
Mclemore Investments LLC
since 2025
Last sale
$1.2M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,215,000
Current use
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.15M (Dec 9 2025)
Last sale anchor
$1.15M
Dec 9 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$172 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,713
Tax year 2022
Assessed value
$422,200
Assessed 2023
Previous assessed
$422,200
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed improvement
$422,200
Improvement market value
$1,055,500
Total market value
$1,055,500
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2007
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
5
Total area
6,384 SF
Lot
0.1 ac (4,356 SF)
APN
057044F G 00102
UPID
US80-0859700
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
5
Lot
0.1 ac
Current owner
From public records · entity-resolved
Mclemore Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
102 HOWESTON ML DR, JACKSON, TN 38305-6400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$1,150,000
Mclemore Investments LLC
Crowder Properties
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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