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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Grocery and convenience stores
1817 Pkwy Parkway, Jackson, TN 38301-3635
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-0763054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,070 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B5
APN
057065 03900
UPID
US80-0763054
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.39M
Owner & transaction history
D3 Land Company LLC · 4 yrs held
D3 Land Company LLC
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
B5 · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+152.4%
Auto repair, garage
$890,000
+22.2%
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
$1,510,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,835,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.35M (Feb 22 2022)
Last sale anchor
$1.35M
Feb 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
$138 / 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
$10,089
Tax year 2022
Assessed value
$289,520
Assessed 2023
Previous assessed
$289,520
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$83,400
Assessed improvement
$206,120
Land market value
$208,500
Improvement market value
$515,300
Total market value
$723,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
10,070 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B5
APN
057065 03900
UPID
US80-0763054
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$890,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
D3 Land Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
96 SMITH LN, JACKSON, TN 38301-9669
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
D3 Land Company LLC
Delta Contracting Company LLC
Quit Claim Deed
related
—
Dec 5, 2017
$1,348,198
Macs Convenience Stores LLC
Circle K Stores INC
Grant Deed
—
Jan 27, 2010
$1,000
Delta Contracting Co LLC
Dement Construction Co
Warranty Deed
related
—
Dec 8, 2006
$650,000
Circle K Stores INC
Motiva Ents LLC
Grant Deed
—
Jan 18, 2001
$1,294,897
Motiva Enterprises LLC
R,r Morrison & S
Grant Deed
related
—
Oct 20, 1993
$110,000
City Concrete
Unknown
Grant Deed
—
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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