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    2262 Highland Ave Jackson, TN 38305-4952
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    Property profile & analytics

    2262 Highland Ave, Jackson, TN 38305-4952

    View on Map
    • Motels
    • 36,040 SF
    • 2.65 lot acres
    Off-Market
    Property ID
    US80-0352288
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Red Roof Inn & Suites Jackson, TN / Hotel & Motel

    Property Details for 2262 Highland Ave

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.65 lot acres
    Zone code
    B4
    Property type
    Motels
    APN
    057056I A 04600
    APU
    057056IA04600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2018 — Pranav Gp — Deed · related $708k · Clayton Bk
    Dec 13, 2017 — Pranav G P — Deed · related $715k · Firstbank
    Jul 12, 2007 — Pranav Gp Pranav LLC Quit Claim Deed · related $1.3M · Clayton Bank & Trust
    — — Pranav Gp — Deed Of Trust · related $152k · Clayton Bk&tr
    — — Pranav Gp — Deed Of Trust · related $865k · Clayton Bank & Trust
    — — Pranav Gp — Loan Modification · related $708k · Clayton Bk
    — — Pranav G P — Loan Modification · related $715k · Firstbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $652,000
      Market price range: $652k - $2.12M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $965,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8275
    Latitude
    35.6658
    CBSA code
    27180
    CBSA name
    JACKSON, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,455
    $101,960
    $111,960
    $213,920
    -
    $254,900
    $279,900
    $534,800

    Comparable in this City

    • Value Estimation
      $2,265,000
      76,194 SF

      1849 Hwy 45th Byp

      MOTEL
      1849 Hwy 45th Byp, Jackson, TN 38305-2407
      View Details
    • Value Estimation
      $590,000
      22,788 SF

      40 International Cv

      MOTEL
      40 International Cv, Jackson, TN 38305-9353
      View Details
    • Value Estimation
      $735,000
      40,628 SF

      535 Wiley Parker Rd

      MOTEL
      535 Wiley Parker Rd, Jackson, TN 38305-2226
      View Details
    • Value Estimation by Request
      22,138 SF

      1940 Hwy 45th Byp

      MOTEL
      1940 Hwy 45th Byp, Jackson, TN 38305-2478
      View Details
    • Value Estimation
      $1,600,000
      52,423 SF

      1919 Hwy 45th Byp

      MOTEL
      1919 Hwy 45th Byp, Jackson, TN 38305-2407
      View Details
    • Value Estimation
      $3,490,000
      38,266 SF

      220 Vann Dr

      MOTEL
      220 Vann Dr, Jackson, TN 38305-3971
      View Details

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    • Contact for pricing

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      40 acres near I-40 with multiple development possibilities.
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      Convenient Store Near Interstate 40

      Former gas station and convenience store near Interstate 40.
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    • Contact for pricing

      Prime Retail Corridor Land

      Located in a busy commercial area, ideal for development.
      2732 N Highland Ave, Jackson, TN 38305
      View Details
    • $1,200,000
      1,395 SF

      Jackson Commercial Property Near I-40

      Commercial property near I-40, previously a gas station/convenience store.
      56 Kenworth Blvd, Jackson, TN 38305
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    Similar Nearby for Lease

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      Retail Space in Growing Area

      Retail space in a rapidly growing commercial area near I-40.
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      Prime Jackson Commercial Office Space

      Convenient location with access to I-40 and U.S. 45.
      76 Federal Dr, Jackson, TN 38305
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      Retail Space on Vann Drive

      Retail space with curb side access on Vann Drive.
      1110 Vann Dr, Jackson, TN 38305
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    • $5 SF/Yr

      New Construction Warehouse Facility

      73,000 sq ft warehouse with convenient interstate access.
      52 Malone Park Cv, Jackson, TN 38305
      View Details
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      High-Profile Shopping Center For Rent

      10-acre shopping center near I-40 and 45 Bypass.
      621 Old Hickory Blvd, Jackson, TN 38305
      View Details
    • Contact for pricing

      Prime Retail Space in Jackson

      High-visibility retail space in a thriving Jackson, TN location.
      865 Vann Dr, Jackson, TN 38305
      View Details
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    Jackson, TN 38305-4952
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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