Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    671 Vann Dr Jackson, TN 38305
    Back to Search
    Property profile & analytics

    671 Vann Dr Jackson, TN 38305

    View on Map
    • Land
    • 1.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lowe's ProServices / Building Supply / Industrial Manufacturer
    • Installation Services / General Contractor
    • Lowe's Garden Center / Garden Center
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
    • Lowe's Home Improvement / Building Supply / Industrial Manufacturer

    Property Details for 671 Vann Dr

    Lot size
    1.19 lot acres
    Property type
    Land

    Description

    This exceptional 1.19-acre commercial land parcel presents a unique investment opportunity in Jackson, Tennessee. Strategically located at 671 Vann Dr, this property boasts unparalleled visibility from Interstate 40, ensuring high traffic exposure for any commercial development. The lot is zoned SC-1, allowing for a variety of commercial uses, subject to local regulations. With its convenient location in Madison County, near the Jackson Towne Center, this site offers easy access to major transportation routes and a thriving local community. The property's size and zoning make it ideal for a range of commercial ventures, from retail establishments and restaurants to office spaces and light industrial uses. The parcel's address is 675 Vann Dr, Jackson, TN 38305, and its Assessor's Parcel Number (APN) is 055-016.08. This is a rare opportunity to acquire a highly visible and versatile commercial lot in a rapidly growing area. Serious inquiries are encouraged to explore the potential of this prime location. The property is ready for development, offering immediate potential for return on investment. Don't miss this chance to secure a piece of Jackson's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8468
    Latitude
    35.6669

    Comparable in this City

    • Value Estimation by Request
      25.00 Acres

      Bedford White Rd

      Land • 25.00 Acres
      0 Bedford White Rd, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      Windcrest Dr

      Land
      0 Windcrest Dr, Jackson, TN 38305
      View Details
    • Value Estimation by Request
      1.29 Acres

      Frontage Highway 45 Byp

      Land • 1.29 Acres
      Frontage Highway 45 Byp, Jackson, TN 38305
      View Details
    • Value Estimation by Request

      200 Park Sq

      Retail properties & Spaces
      200 Park Sq, Jackson, TN 38305
      View Details
    • Value Estimation by Request
      5.95 Acres

      Old Humboldt Rd

      Life science properties • 12,000 SF
      0 Old Humboldt Rd, Jackson, TN 38305
      View Details
    • Value Estimation by Request
      1.00 Acre

      404 Oil Well Rd

      Restaurants • 9,100 SF
      404 Oil Well Rd, Jackson, TN 38305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Madison County Tree-Covered Land

      Land near Interstate, shopping, restaurants, and sports complex.
      00 Us Highway 70 Byp E, Jackson, TN 38305
      View Details
    • $200,000

      Land For Sale Jackson, TN

      Land available for purchase in Jackson, Tennessee.
      1 Wdxi Dr, Jackson, TN 38305
      View Details
    • Contact for pricing

      Land in Fox Ridge Subdivision

      Land for sale in peaceful Fox Ridge Subdivision.
      32 Pinewood Dr, Jackson, TN 38305
      View Details
    • Contact for pricing

      Land For Sale Jackson, TN

      Land available for sale in Jackson, Tennessee.
      20 Volunteer Blvd, Jackson, TN 38305
      View Details
    • $2,700,000
      135.00 Acres

      Prime Location Land Opportunity

      Approximately 135-acre parcel in a desirable Jackson location.
      Passmore Ln, Jackson, TN 38305
      View Details
    • Contact for pricing

      Corner Lot in Park Place

      1.15 acre corner lot in growing retail development.
      19 Park Sq East, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      2,148 SF

      Prime Commercial Land Opportunity

      Corner lot near I-40, ideal for restaurant or drive-through.
      196 Law Road Ext, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,949 SF

      Redevelopment Opportunity on Emporium Drive

      1-acre site with existing building, ideal for redevelopment.
      1914 Emporium Dr, Jackson, TN 38305
      View Details
    • Contact for pricing

      High-Traffic Retail Location Available

      Pad-ready commercial land for rent in a high-density area.
      3100 N Highland Ave, Jackson, TN 38305
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      High-visibility land near sportsplex and upcoming waterpark resort.
      Ridgecrest Rd, Jackson, TN 38305
      View Details
    • $1.00 SF/Yr
      6 SF

      Prime Commercial Land Opportunity

      Corner lot ideal for quick service restaurant or drive-through coffee.
      154 Law Road Ext, Jackson, TN 38305
      View Details
    • Contact for pricing

      Prime Retail Development Opportunity

      Retail development opportunity with high visibility and flexible leasing options.
      38 Parker Dr, Jackson, TN 38305
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    671 Vann Dr
    Jackson, TN 38305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    671 Vann Dr, Jackson, TN, 38305
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!