Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31 Stonebridge Blvd Jackson, TN 38305-2042
    Back to Search
    Property profile & analytics

    31 Stonebridge Blvd, Jackson, TN 38305-2042

    View on Map
    • Medical Office Space
    • 6,164 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jun 29, 2022
    $650,000
    Property ID
    US80-0979337
    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
    $670,000
    Show details
    Cap Rate Potential
    9.9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Nest Realty Jackson / Real Estate Agency
    • Lana Petrinjak | Nest Realty Jackson / Real Estate Agency
    • Jennifer Weems Nest Realty / Real Estate Agency
    • Katie Lewis, Nest Realty Jackson Broker / Real Estate Agency
    • Katy Ellis | Nest Realty | Jackson, TN REALTOR® / Real Estate Agency

    Property Details for 31 Stonebridge Blvd

    Year built
    1983
    Lot size
    0.15 lot acres
    Zone code
    OC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    057055B A 01201
    APU
    057055BA01201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2024 — 731 Living LLC — Deed · related $101k · Commercial Bank & Trust Company
    Jun 2, 2023 — 731 Living LLC — Deed · related $400k · Commercial Bank & Trust Company
    Jun 29, 2022 $650,000 731 Living LLC Rex Baker Warranty Deed $585k · Commercial Bank & Trust Company

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $652,000
      Market price range: $652k - $1.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8543
    Latitude
    35.6735
    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
    $5,032
    $6,600
    $137,800
    $144,400
    -
    $16,500
    $344,500
    $361,000

    Comparable in this City

    • Value Estimation
      $4,845,000
      36,952 SF

      1535 Vann Dr

      MEDICAL BUILDING
      1535 Vann Dr, Jackson, TN 38305-2095
      View Details
    • Value Estimation
      $860,000
      6,308 SF

      3035 Highland Ave

      MEDICAL BUILDING
      3035 Highland Ave, Jackson, TN 38305-3411
      View Details
    • Value Estimation
      $545,000
      3,156 SF

      129 Star Dr

      MEDICAL BUILDING
      129 Star Dr, Jackson, TN 38305-5634
      View Details
    • Value Estimation by Request
      1,651 SF

      468 Pkwy Parkway

      MEDICAL BUILDING
      468 Pkwy Parkway, Jackson, TN 38305-2857
      View Details
    • Value Estimation
      $780,000
      6,480 SF

      2781 Highland Ave

      MEDICAL BUILDING
      2781 Highland Ave, Jackson, TN 38305-1740
      View Details
    • Value Estimation
      $550,000
      4,502 SF

      3067 Highland Ave

      MEDICAL BUILDING
      3067 Highland Ave, Jackson, TN 38305-3411
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing

      00 Sterling Farms Drive, Jackson, TN 38305

      Commercial land
      00 Sterling Farms Dr, Jackson, TN 38305
      View Details
    • $1,545,000
      23,872 SF

      Jackson Commercial Property with Income

      21.72 acres with three buildings and railroad access.
      2970 Old Medina Rd, Jackson, TN 38305
      View Details
    • $1,900,000
      8,585 SF

      Prime Jackson Office Building

      8,585 SF Office, 0.92 Acres
      31 Physicians 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

      Sterling Farms Mixed-Use Development Land

      Prime development opportunity in Jackson, TN with high visibility.
      - A Sterling Farms Dr, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      4,280 SF

      Class A Medical Clinic Space

      Move-in ready, fully appointed medical space in Jackson, TN.
      213 Sterling Farm Dr, Jackson, TN 38305
      View Details
    • $9,548 /Mo
      6,000 SF

      Retail Opportunity in Thompson Farms

      Retail space in Jackson's premier retail corridor, Thompson Farms.
      1378 Union University Dr, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      6,384 SF

      Class A Medical Building ForRent

      Class A medical building with surgical rooms and flexible lease terms.
      209 Oil Well Rd, Jackson, TN 38305
      View Details
    • Contact for pricing

      Premier Medical Space in Jackson

      5,400 SF medical space with modern amenities and ample parking.
      60 Physicians Dr, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      8,585 SF

      Medical Office Space For Lease

      Class A medical office space suitable for various medical practices.
      31 Physicians Dr, Jackson, TN 38305
      View Details
    • Contact for pricing

      Medical/Office Space in Jackson, TN

      Class-A medical/office space with excellent visibility and accessibility.
      15 Old Humboldt Rd, Jackson, TN 38305
      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.
    31 Stonebridge Blvd
    Jackson, TN 38305-2042
    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
    31 Stonebridge Blvd, 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!