Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Theaters & concert halls
1511 Vann Dr Jackson, TN 38305-2095
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-1777743
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,240 SF
Lot
3.81 ac (165,964 SF)
APN
057055 06002
UPID
US80-1777743
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
-
Empire 8 Theatre Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Columns Development Partners Theatr · 8 yrs held
Columns Development Partners Theatr
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,200,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$21 / 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
$96,275
Tax year 2022
Assessed value
$2,762,560
Assessed 2023
Previous assessed
$2,762,560
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$514,360
Assessed improvement
$2,248,200
Land market value
$1,285,900
Improvement market value
$5,620,500
Total market value
$6,906,400
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
34,240 SF
Lot
3.81 ac (165,964 SF)
APN
057055 06002
UPID
US80-1777743
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
WAREHOUSE, STORAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Columns Development Partners Theatr
Entity
Free & Clear · 8 yrs held
Mailing address
2574 CHRISTMASVILLE CV STE H, JACKSON, TN 38305-7012
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Columns Dev Partners-tp
—
Deed
related
—
May 3, 2018
$1,000,000
Columns Development Partners Theatr
Columns II Partners
Warranty Deed
—
Feb 2, 2017
$837,197
Columns Dev Partners Tp
Columns II Partners
Warranty Deed
related
—
Feb 2, 2017
—
Columns Dev Partners-tp
—
Trustees Deed
related
$1,520,000 · Bancorpsouth
Jan 5, 2017
$650,000
Columns Dev Partners Ffo
Columns II Partners
Warranty Deed
related
$2,384,250 · First Bk
Jun 10, 2015
—
Mimi Chang
Chang,ki J
Quit Claim Deed
related
—
Feb 13, 2015
$1,030,000
Columns Dev Partners
Columns II Partners
Grant Deed
related
$3,400,000 · Bancorpsouth
Mar 26, 2013
$2,120,940
Prtoj Investment Co LLC
Taylor,gary A
Warranty Deed
—
Mar 26, 2013
—
Rrtoj Investment Co LLC
—
Grant Deed
related
$7,650,000 · Toyota Motor Credit
Dec 19, 2012
$875,000
Raj Patel
Columns II Partners
Grant Deed
—
Apr 30, 2007
—
Columns II-gm LLC
Columns II Partners
Quit Claim Deed
related
$6,720,000 · First State Bank
Sep 27, 2005
$13,320
Partners Columns II
State Of Tennessee
Quit Claim Deed
related
—
Jul 21, 2005
$1,553,445
Partners Columns II
Bicknell,s L
Warranty Deed
—
—
—
Columns Dev Partners-tp
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1511 Vann Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
