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Property profile & analytics
FOR SALE
Medical Office Space
1605 S Highland Ave, Jackson, TN 38301
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-3433979
For Sale
1 / 18
$359,900
1605 S Highland Ave, Jackson, TN 38301
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Total area
2,808 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B5
APN
057109A A 01800
UPID
US80-3433979
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
-
Carolyn M. Newman Physician
-
Carol Newman Physician
-
Tucker Clinic Medical Clinic
-
Nancy Newman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nancy Newman · 18 yrs held
Nancy Newman
since 2007
1 recorded transaction
Zoning & alternative use
B5 · Jackson, TN
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,777
Tax year 2022
Assessed value
$79,680
Assessed 2023
Previous assessed
$79,680
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$49,680
Assessed improvement
$30,000
Land market value
$124,200
Improvement market value
$75,000
Total market value
$199,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1964
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
4
Total area
2,808 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B5
APN
057109A A 01800
UPID
US80-3433979
Jurisdiction
MADISON
Zoning & alternative use
B5 · Jackson, TN
Zoning B5 · permitted uses
B5 · Jackson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.43 ac
Current owner
From public records · entity-resolved
Nancy Newman
Individual
Mailing address
2546 RIVERSIDE DR, JACKSON, TN 38301-9189
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2007
$195,000
Nancy Newman
Souder,bob T
Warranty Deed
$198,128 · Bancorp South 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.
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?”
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