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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2112 Hwy 70th E, Jackson, TN 38305-8415
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2088387
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,914 SF
Lot
2.41 ac (104,980 SF)
Zoning code
B3
APN
057042 05501
UPID
US80-2088387
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
-
Little D's Grocery & Convenience Store
-
DK USA Inc. Department Store
-
Shell Gas Station
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
Hasmukh Dahyalal Patel · 3 yrs held
Hasmukh Dahyalal Patel
since 2022
Last sale
$275,000
6 recorded transactions
Zoning & alternative use
B3 · 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
$2,828
Tax year 2022
Assessed value
$150,920
Assessed 2023
Previous assessed
$150,920
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$80,960
Assessed improvement
$69,960
Land market value
$202,400
Improvement market value
$174,900
Total market value
$377,300
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
1,914 SF
Lot
2.41 ac (104,980 SF)
Zoning code
B3
APN
057042 05501
UPID
US80-2088387
Jurisdiction
MADISON
Zoning & alternative use
B3 · Jackson, TN
Zoning B3 · permitted uses
B3 · 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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
2.41 ac
Current owner
From public records · entity-resolved
Hasmukh Dahyalal Patel
Individual
Mailing address
71 NEW RENFROE ST, LEXINGTON, TN 38351-1351
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
Dec 29, 2022
$275,000
Hasmukh Dahyalal Patel
D K USA INC
Warranty Deed
$275,000 · D K USA INC
Mar 12, 2020
$399,000
D K USA INC
Ashishkumar G Patel
Warranty Deed
—
Aug 2, 2017
$440,000
Ashiskumar Patel
Steadfast Investments And Propertie
Warranty Deed
$405,518 · The Peoples Bank
Dec 3, 2015
$329,100
Steadfast Invs & Props LLC
Couch Investments LLC
Warranty Deed
$675,000 · Couch Investments LLC
Mar 20, 1995
$1,576,000
Rode Oil Co
—
Grant Deed
related
—
—
—
Couch Investments LLC
—
Deed Of Trust
related
$905,000 · First 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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