209 Oil Well RdJackson, TN 38305

Property Details for 209 Oil Well Rd

Year built

2007

Lot size

0.10 AC

Property size (Sq ft)

6,384 SF

Property type

Medical offices

Property subtype

Medical centers

APN

057044F G 00102

APU

057044FG00102

Description

This exceptional Class A medical office building, located at 209 Oil Well Rd in Jackson, Tennessee, is offered for sale with a leaseback option. The 6,384 square foot, two-story building boasts a modern, ergonomically designed layout perfectly suited for a variety of medical specialties. Features include three surgical treatment rooms, two post-op exam rooms, two recovery bays, a pre-op area, two large waiting areas, and two custom nurse stations. Additional amenities include an on-site X-ray room, a manager's office, ample storage throughout, and a convenient covered loading and unloading area. The upper level offers a full bathroom with shower, a kitchen area, a large breakroom/conference area, a private office with its own bathroom, a laundry room, and extensive storage. The building is currently 100% occupied, generating a net operating income (NOI) of $96,000 for the first year. The property is zoned SC-2 and is offered at $1,500,000, with a price per square foot of $234.96. This is a single-tenant, NNN lease property built 15 years ago. This turnkey operation presents a unique investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,459,247

  6.5%

  $1,346,997

  7%

  $1,250,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $497,697

  Geo Method

  $497,697

• Alternative Use

  Use

  Valuation

  Residential

  $1,670,276

  Hospitality

  $1,529,964

  Educational

  $1,272,912

  Medical

  $1,316,690

  Retail

  $1,980,086

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6903

Longitude

-88.8515

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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