209 Oil Well RdJackson, TN 38305
- Healthcare properties
- 6,384 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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