Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21 Meridian Spgs Dr Jackson, TN 38301-5900
    Back to Search
    Property profile & analytics

    21 Meridian Spgs Dr, Jackson, TN 38301-5900

    View on Map
    • Medical Office Space
    • 15,220 SF
    • 1.76 lot acres
    Off-Market
    Property ID
    US80-0879574
    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
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 21 Meridian Spgs Dr

    Year built
    2008
    Lot size
    1.76 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    057109 10503
    APU
    5710910503

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2014 $1,100,000 Meridian Springs LLC First State Bank Special Warranty Deed $1.1M · Avenue Bank
    Sep 7, 2011 $1,400,000 St Bk First Kizer Bonds Hughes & Bowen Pll Trustees Deed —
    Feb 22, 2008 — Complete Dental Care R/e Holdi — Trustees Deed · related $2.9M · Bank Of Madison
    — — Meridian Springs LLC — Loan Modification · related $921k · Pinnacle Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,799,000
      Market price range: $1.09M - $4.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8056
    Latitude
    35.5502
    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
    $14,553
    $193,600
    $224,000
    $417,600
    -
    $484,000
    $560,000
    $1,044,000

    Comparable in this City

    • Value Estimation
      $855,000
      6,900 SF

      589 College St

      MEDICAL BUILDING
      589 College St, Jackson, TN 38301-6409
      View Details
    • Value Estimation
      $1,280,000
      10,360 SF

      512 Roland Ave

      MEDICAL BUILDING
      512 Roland Ave, Jackson, TN 38301-4302
      View Details
    • Value Estimation
      $1,735,000
      14,594 SF

      28 Medical Ctr Dr

      MEDICAL BUILDING
      28 Medical Ctr Dr, Jackson, TN 38301-3947
      View Details
    • Value Estimation
      $5,765,000
      46,637 SF

      238 Summar Dr

      MEDICAL BUILDING
      238 Summar Dr, Jackson, TN 38301-3906
      View Details
    • Value Estimation
      $795,000
      6,427 SF

      329 Coatsland Dr

      MEDICAL BUILDING
      329 Coatsland Dr, Jackson, TN 38301-3912
      View Details
    • Value Estimation
      $685,000
      5,560 SF

      36 Frst Cv, Unit 44

      MEDICAL BUILDING
      36 Frst Cv, Jackson, TN 38301-4366
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Investment Opportunity

      High-quality medical office near Jackson-Madison County General Hospital.
      28 Medical Center Dr, Jackson, TN 38301
      View Details
    • $1,600,000
      16.85 Acres

      Commercial Land in Jackson, TN

      16.85 acres of commercial land zoned for all businesses.
      1242 Whitehall St, Jackson, TN 38301
      View Details
    • Contact for pricing

      Versatile Retail and Office Space

      Retail and office space in a highly visible location.
      1385 S Highland Ave, Jackson, TN 38301
      View Details
    • $1,750,000
      45,000 SF

      Historic Downtown Jackson Office Building

      Prime Office Redevelopment Opportunity, 45,000 SF
      118 Church St, Jackson, TN 38301
      View Details
    • $499,900
      7,201 SF

      Downtown Jackson Commercial Redevelopment Opportunity

      7,201 sq ft commercial property with redevelopment potential in Jackson.
      403 E Baltimore St, Jackson, TN 38301
      View Details
    • Contact for pricing

      Landmark Office Building For Sale

      Office building with employee parking and convenient South Highland Avenue location.
      1605 S Highland Ave, Jackson, TN 38301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,479 SF

      Jackson, TN Office Space For Lease

      Large Retail/Office Space - Excellent Location
      1328 Highland Ave, Jackson, TN 38301
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      Industrial building featuring office space, loading docks, and truck well.
      105 S Missouri St S, Jackson, TN 38301
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Global network of workspaces with flexible options and locations.
      118 N Liberty St, Jackson, TN 38301
      View Details
    • $1.00 SF/Yr
      45,000 SF

      Downtown Jackson Commercial Space Available

      Iconic five-story building with flexible leasing options in Jackson, TN.
      118 N Church St, Jackson, TN 38301
      View Details
    • $17 SF/Yr
      5,250 SF

      Historic Downtown Office Space Available

      Recently renovated office space in historic downtown Jackson, Tennessee.
      109 E Lafayette St, Jackson, TN 38301
      View Details
    • Contact for pricing

      Versatile Commercial Property for Lease

      Commercial property with office and warehouse space available for lease.
      68 College Park Cv, Jackson, TN 38301
      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.
    21 Meridian Spgs Dr
    Jackson, TN 38301-5900
    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
    21 Meridian Spgs Dr, Jackson, TN, 38301
    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!