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Property profile & analytics

24 Physicians Dr Jackson, TN 38305

  • Medical offices
  • 20,944 SF
  • 2.90 lot acres
For Lease
Last Sale
Dec 13, 2021
$7,415,160
Value Estimations
$6,275,000
Cap Rate Potential
Location Intelligence
Property ID
US80-1326553
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

  • Cheryl Murray / Physician
  • W. Stan Ragon, Jr., MD / Physician
  • L. David Johnson, MD / Physician
  • Mrs. Amy Wren / Physician
  • Leigh Brandeberry / Physician

Property Details for 24 Physicians Dr

Year built
1991
Lot size
2.90 lot acres
Property size
20,944 SF
Zone code
B1
Property type
Medical offices
Property subtype
Medical centers
APN
057044J A 00700
APU
057044JA00700

Description

This exceptional single-story medical office building, located at 24 Physicians Dr, Jackson, TN 38305, offers 26,576 square feet of Class B space. Built in 1991, the property boasts ample parking with 132 spaces available for tenants and visitors. The building is currently multi-tenant, with a significant amount of space available for lease. Two suites are available, ranging from a minimum of 3,318 square feet to a maximum contiguous space of 23,081 square feet. A total of 26,399 square feet is currently vacant, presenting a unique opportunity for a large medical practice or multiple smaller practices seeking to establish or expand their presence in the thriving Jackson, Tennessee market. The building's location in Madison County provides easy access to major roadways and a strong patient base. This property is ideal for medical professionals seeking a well-maintained, spacious, and conveniently located office building. The building's single-story design ensures easy accessibility for patients and staff. With its substantial parking and flexible suite sizes, this property offers a compelling opportunity for growth and success in the medical field. The property is situated in a well-established area of Jackson, TN, offering excellent visibility and accessibility. This is a rare opportunity to secure a significant amount of prime medical office space in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,365,000
    ML approach
    $6,180,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $4,009,000
    Market price range: $2.22M - $6.37M
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $3,990,000
    Current use
    RESTAURANT
    $9,275,000
    Change: +132% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Jackson
County
Madison
State
Tennessee
Longitude
-88.8508
Latitude
35.6828
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
$38,593
$217,520
$891,960
$1,109,480
-
$543,800
$2,229,900
$2,773,700
More about this property
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