Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37 Sandstone Cir Jackson, TN 38305

    • Medical Office Space
    • 34,735 SF
    • 2.01 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3541156
    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

    • Kirk Thame / Pediatrician / Medical Clinic
    • Justin Godown / Pediatrician / Medical Clinic
    • Dr. Alaina Davis / Pediatrician / Medical Clinic
    • Dr. Dennis Stokes / Pediatrician / Medical Clinic
    • Dr. Andrew Radbill / Pediatrician / Medical Clinic

    Property Details for 37 Sandstone Cir

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.01 lot acres
    Property size
    34,735 SF
    Zone code
    OC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    057055B A 00500
    APU
    057055BA00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,279,000
      Market price range: $1.67M - $4.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8545
    Latitude
    35.677
    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
    $58,326
    $88,640
    $1,585,000
    $1,673,640
    -
    $221,600
    $3,962,500
    $4,184,100

    Comparable in this City

    • Value Estimation by Request
      3,635 SF

      10 Lynoak Cv

      MEDICAL BUILDING • 3,635 SF
      10 Lynoak Cv, Jackson, TN 38305-2800
      View Details
    • Value Estimation
      $975,000
      10,363 SF

      31 Sandstone Cir

      MEDICAL BUILDING • 10,363 SF
      31 Sandstone Cir, Jackson, TN 38305-2073
      View Details
    • Value Estimation
      $570,000
      4,800 SF

      23 Sandstone Cir

      MEDICAL BUILDING • 4,800 SF
      23 Sandstone Cir, Jackson, TN 38305-2073
      View Details
    • Value Estimation by Request
      2,711 SF

      33 Lynoak Cv

      MEDICAL BUILDING • 2,711 SF
      33 Lynoak Cv, Jackson, TN 38305-2800
      View Details
    • Value Estimation
      $1,125,000
      8,864 SF

      16 Murray Guard Dr

      MEDICAL BUILDING • 8,864 SF
      16 Murray Guard Dr, Jackson, TN 38305-3661
      View Details
    • Value Estimation
      $1,065,000
      9,374 SF

      174 Murray Guard Dr

      MEDICAL BUILDING • 9,374 SF
      174 Murray Guard Dr, Jackson, TN 38305-3742
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Building in Jackson

      Class A medical office building in Jackson's healthcare hub.
      24 Physicians Dr, Jackson, TN 38305
      View Details
    • $1,425,000
      Pending

      Warehouse/Office Building For Sale

      14,400 SF temperature-controlled warehouse/office building with ample parking.
      4450 Highway 45 N, 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
    • New
      $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
    • $995,000
      7,320 SF

      Versatile Commercial Building with Warehouse

      7320 sq ft commercial building with flexible space.
      91 Northstar Dr, Jackson, TN 38305
      View Details
    • $1,150,000

      Jackson, TN Commercial Land Opportunity

      Prime 3.72-45 Acre Mixed-Use Development Plot
      0 - 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
    • $22 SF/Yr

      Class A Medical Clinic Space

      Move-in ready, fully appointed medical space in Sterling Farms.
      213 Sterling Farm Dr, Jackson, TN 38305
      View Details
    • $20 SF/Yr

      Class A Medical Building For Rent

      Class A medical building with surgical rooms and flexible lease terms.
      209 Oil Well Rd, Jackson, TN 38305
      View Details
    • $11 SF/Yr
      30,005 SF

      Midtown Jackson Medical Office Space

      Galleria Office Suites: 1,300-4,117 SF Available
      180 Old Hickory Blvd, Jackson, TN 38305
      View Details
    • Contact for pricing
      71,087 SF

      Park Place Shopping Center Investment

      Prime Jackson, TN medical & retail space
      2596 Christmasville Cv, Jackson, TN 38305
      View Details
    • Contact for pricing
      4,280 SF

      Jackson Medical Office Space For Lease

      4,280 SF Medical Office Suite Available
      213 Sterling Farm Dr, 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.
    37 Sandstone Cir
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!