209 Oil Well RdJackson, TN 38305

  • Healthcare properties
  • 6,384 SF
For Sale
$1,500,000 View listing

Property Details for 209 Oil Well Rd

Year built
2007
Lot size
0.10 AC
Property size (Sq ft)
6,384 SF
Property type
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
209 Oil Well Rd, Jackson, Tennessee

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

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
$14,713
-
$422,200
$422,200
-
-
$1,055,500
$1,055,500

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].