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Property profile & analytics
OFF-MARKET
Estimated value
$465,000
Community centers
1220 Parnall Rd Jackson, MI 49201-7071
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-1459586
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Total area
25,032 SF
Lot
5.6 ac (243,936 SF)
Zoning code
C-2
APN
000-08-15-451-003-19
UPID
US43-1459586
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
-
Edward Jones - Financial Advisor: Denise R Moeckel, CFP® Financial Advisor
-
Northwest Family Dentistry Dental Office
-
Natalie McGraw, DDS Dental Office
-
Dollar General Discount Store
-
JumpStart Nutrition & Energy Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$465k
Owner & transaction history
Jackson Partners LLC · 6 yrs held
Jackson Partners LLC
since 2020
3 recorded transactions
Zoning & alternative use
C-2 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district, and limited types of "durable shoppers goods," such as household furnishings, hardware, and apparel. The district also permits services such…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
184.55 ac
Source
code of ordinances
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$465k
Range $419k – $512k · ±10%
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
$19 / 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
$15,825
Tax year 2022
Assessed value
$311,600
Assessed 2023
Previous assessed
$337,100
-7.6% YoY
Effective rate
5.08%
On assessed value
Total market value
$623,200
Applied tax rate
1.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
25,032 SF
Lot
5.6 ac (243,936 SF)
Zoning code
C-2
APN
000-08-15-451-003-19
UPID
US43-1459586
Jurisdiction
JACKSON
Zoning & alternative use
C-2 · Jackson, MIZoning C-2 · permitted uses
C-2 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district, and limited types of "durable shoppers goods," such as household furnishings, hardware, and apparel. The district also permits services such as gasoline stations and branch banks. The district usually occupies more area than a C-1 district, is located on or near arterial streets, and is designed to serve more than one (1) neighborhood. (Code 1977, § 5.38)
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
184.55 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5.6 ac
Current owner
From public records · entity-resolved
Jackson Partners LLC
Entity
Free & Clear · 6 yrs held
Mailing address
330 MARSHALL ST STE #100, LANSING, MI 48912-2317
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Jackson Partners LLC
Jackson Partners L Dissolved
Quit Claim Deed
related
—
Aug 21, 2013
—
Jackson Ptrs
—
Deed Of Trust
related
$3,025,000 · First Nat'l Bk/mi
Jul 12, 2010
—
Jackson Ptrs
—
Loan Modification
related
$2,800,000 · Fifth Third Bank
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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