Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37 Sandstone Cir Jackson, TN 38305
    Back to Search
    Property profile & analytics

    37 Sandstone Cir, Jackson, TN 38305

    View on Map
    • Medical Office Space
    • 34,735 SF
    • 2.01 lot acres
    For Lease
    $3,795,000
    View Listing →
    Medical/Office Space For Rent For Lease
    $3,795,000
    2,598 SF

    Medical/Office Space For Rent

    2598 SF medical/office space available for rent.

    37 Sandstone Cir, Jackson, TN
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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
    Zone code
    OC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    057055B A 00500
    APU
    057055BA00500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 7, 2024 $3,400,000 Hopefield Healthcare Services PLLC Apex Bank Warranty Deed $2.7M · Cadence Bank A Mississippi State Ch
    Apr 1, 2015 $1,000,000 Bank Of Camden 37 Sandstone LLC Deed In Lieu Of Foreclosure · related —
    Jul 27, 2006 $5,959,000 37 Sandstone LLC North Jackson Healthcare Devel Warranty Deed $4.8M · Capmark Bank
    Feb 26, 1998 $300,000 North Jackson Healthcare D North,jackson He Grant Deed · related —
    Nov 10, 1994 $58,000 Stonecreek Assoc Ltd — Grant Deed · related —

    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 estimation — 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
      10 Lynoak Cv, Jackson, TN 38305-2800
      View Details
    • Value Estimation
      $975,000
      10,363 SF

      31 Sandstone Cir

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

      23 Sandstone Cir

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

      33 Lynoak Cv

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

      16 Murray Guard Dr

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

      174 Murray Guard Dr

      MEDICAL BUILDING
      174 Murray Guard Dr, Jackson, TN 38305-3742
      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
    • Contact for pricing
      2,552 SF

      Professional Office Investment Opportunity

      Professional office space with NNN lease until January 2027.
      78 Lynoak Cv, Jackson, TN 38305
      View Details
    • Contact for pricing
      1,092 SF

      Commercial Redevelopment Opportunity in Jackson

      Strategic commercial redevelopment opportunity on a dynamic traffic corridor.
      385 Parkway North, Jackson, TN 38305
      View Details
    • Contact for pricing
      4,828 SF

      Turnkey Office in Madison Square

      Well-maintained office building with drive-thru and generator.
      57 Directors Row, 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
    • 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

      Class A Medical/Office Sublease

      Sublease opportunity in Thompson Farms, custom-built for medical/office use.
      68 Exeter Rd, Jackson, TN 38305
      View Details
    • $3,050 /Mo
      Pending

      Medical Office Space Available

      Medical office space featuring reception area, exam rooms, and more.
      160 W University Pkwy, Jackson, TN 38305
      View Details
    View Listing
    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

    Thank You for Inquiry
    37 Sandstone Cir, 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!