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

Property subtype

Other 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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