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Property profile & analytics
OFF-MARKET
Estimated value
$8,635,000
Retail properties & Spaces
1160 Vann Dr Jackson, TN 38305-6001
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3230214
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,776 SF
Lot
6.31 ac (274,864 SF)
APN
057055 00824
UPID
US80-3230214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
Flatiron Grille Restaurant
-
Bistro Eleven Sixty Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.84M
CAP Approach
CAP
$8.93M
Comparable Approach
Comparable
$10.33M
Blend (final)
Blend
$8.64M
Owner & transaction history
Exchangeright Value Add Portfolio 2 · 4 yrs held
Exchangeright Value Add Portfolio 2
since 2022
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.8M
+54.3%
Commercial (general)
$7.2M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,905,000
ML approach
$8,840,000
CAP Approach
CAP Return
Estimation
6%
$9,670,000
6.5%
$8,925,000
7%
$8,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,010,000
Current use
MEDICAL BUILDING
$10,820,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,205,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$8.64M
Range $7.77M – $9.50M · ±10% · vs last sale $8.25M (Jun 17 2022)
Last sale anchor
$8.25M
Jun 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$100,549
Tax year 2022
Assessed value
$2,885,200
Assessed 2023
Previous assessed
$2,885,200
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$1,069,560
Assessed improvement
$1,815,640
Land market value
$2,673,900
Improvement market value
$4,539,100
Total market value
$7,213,000
Applied tax rate
57.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
7
Total area
56,776 SF
Lot
6.31 ac (274,864 SF)
APN
057055 00824
UPID
US80-3230214
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
7
Lot
6.31 ac
Current owner
From public records · entity-resolved
Exchangeright Value Add Portfolio 2
Individual
Mailing address
1450 SW VINTAGE PKWY STE #250, ANKENY, IA 50023-7177
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
Exchangeright Net Leased Portfolio
—
Deed
related
$59,463,750 · Morgan Stanley Bank NA
Jun 17, 2022
—
Exchangeright Value Add Portfolio 2
Exchangeright Net Leased Portfolio
Ground Lease
related
—
Jun 13, 2022
—
Exchangeright Nlp Master Lessee LLC
Exchangeright Net Leased Portfolio
Ground Lease
related
—
Apr 25, 2022
$8,250,000
Exchangeright Net Leased Portfolio
1160 Vann Drive Realty Holdings LLC
Special Warranty Deed
$5,016,000 · Ameris Bank
Apr 25, 2022
—
Exchangeright Net Leased Portfolio
1160 Vann Drive Realty Holdings LLC
Assignment Of Lease (leasehold Sale)
—
Apr 8, 2015
$7,200,000
1160 Vann Drive Realty Holding
Ng 1160 Vann LLC
Warranty Deed
$5,040,000 · C III Commercial Mortgage
Mar 19, 2008
$5,750,000
Ng 1160 Vann LLC
Hobby LLC
Warranty Deed
$5,000,000 · Ml-cfc Com'l Mt Tr 2007-9 (tr)
Aug 10, 2007
—
Hobby LLC
Taylor,gary A
Quit Claim Deed
related
—
May 25, 2007
$189,000
Gary A Taylor
Union University
Quit Claim Deed
related
—
May 17, 2007
—
Gary A Taylor
—
Trustees Deed
related
$700,000 · First Tennessee Bank National
Jan 17, 2006
—
Union University
Taylor,gary A
Quit Claim Deed
related
—
Sep 27, 2004
$1,221,860
Gary A Taylor
Rushmeade Dev Corp
Warranty Deed
$4,300,000 · First Tennessee Bank National
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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