Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$135,000
Banks
1609 Dr F E Wright Dr Jackson, TN 38301-8702
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1684663
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1996
Total area
1,528 SF
Lot
3.7 ac (161,172 SF)
Zoning code
B5
APN
057078 00400
UPID
US80-1684663
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
-
Jackson Indutrial Park Check Cashing Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$135k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
Emmanuel Simmons · 3 yrs held
Emmanuel Simmons
since 2022
Last sale
$120,000
7 recorded transactions
Zoning & alternative use
B5 · Jackson, TN
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
$135,000
ML approach
$135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$135k
Range $122k – $149k · ±10% · vs last sale $120k (Aug 22 2022)
Last sale anchor
$120k
Aug 22 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
$88 / 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
$1,804
Tax year 2022
Assessed value
$51,760
Assessed 2023
Previous assessed
$51,760
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$40,840
Assessed improvement
$10,920
Land market value
$102,100
Improvement market value
$27,300
Total market value
$129,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1996
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
1,528 SF
Lot
3.7 ac (161,172 SF)
Zoning code
B5
APN
057078 00400
UPID
US80-1684663
Jurisdiction
MADISON
Zoning & alternative use
B5 · Jackson, TNZoning B5 · permitted uses
B5 · Jackson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CITY OF JACKSON
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
3.7 ac
Current owner
From public records · entity-resolved
Emmanuel Simmons
Individual
Free & Clear · 3 yrs held
Mailing address
49 WHITE OAKS DR, JACKSON, TN 38305-7701
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
—
Emmanuel Simmons
All Nations Church Of God
Quit Claim Deed
related
—
Sep 4, 2020
$120,000
Jigisha Bhavsar
First Choice Prop & Dev LLC
Warranty Deed
—
Sep 4, 2020
—
Jigisha Bhavsar
Jigisha Bhavsar
Quit Claim Deed
related
—
Jun 11, 2018
$125,000
Firstchoice Property & Dev LLC
Snider,jason
Warranty Deed
—
Jun 8, 2007
—
James E Wolfe JR.
Mckelvy,lloyd A
Quit Claim Deed
related
—
Sep 25, 1992
$10,000
Lawrence Gaia
Unknown,
Grant Deed
—
—
—
Jason W Snider
—
Deed Of Trust
related
$62,055 · Bancorpsouth
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 1609 Dr F E Wright 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.
