3015 Greystone SqJackson, TN 38305

Property Details for 3015 Greystone Sq

Year built

2009

Lot size

0.03 AC

Property size (Sq ft)

1,374 SF

Property type

Office properties

APN

057043I G 03400

APU

057043IG03400

Description

This exceptional Class A office complex, located at 3015-3019 Greystone Square in Jackson, Tennessee, presents a compelling investment opportunity. The property encompasses 4,032 square feet across three units within a single, one-story building constructed in 2009. Currently boasting 100% occupancy with a national tenant under a triple net (NNN) lease, the property generates a substantial net operating income (NOI) of $59,000 annually, projecting a 9.08% cap rate. The lease has one year remaining with options for renewal. This presents a unique opportunity for an owner-occupant upon lease expiration. Situated on a 0.09-acre lot in a commercially zoned area (Madison County, zip code 38305), this property offers versatility as an investment or owner-occupied space. The building's features include executive, medical, and traditional office space configurations, making it suitable for a variety of uses. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $314,067

  6.5%

  $289,908

  7%

  $269,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,117

  Geo Method

  $107,117

• Alternative Use

  Use

  Valuation

  Residential

  $359,486

  Hospitality

  $329,287

  Educational

  $273,963

  Medical

  $283,385

  Retail

  $426,165

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6867

Longitude

-88.8279

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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