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    Property profile & analytics

    2289 Dr F E Wright Dr Jackson, TN 38305-7606

    • Manufacturing properties
    • 17,090 SF
    • 2.60 lot acres
    OFF-MARKET
    Last Sale
    Oct 17, 2024
    $620,000
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0030378
    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.

    Current Use by Public Records

    • XPOWER / Factory / Industrial Manufacturer

    Property Details for 2289 Dr F E Wright Dr

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.60 lot acres
    Property size
    17,090 SF
    Property type
    Manufacturing properties
    APN
    057065 11500
    APU
    5706511500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $620,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $780,000
      WAREHOUSE, STORAGE
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.7858
    Latitude
    35.6558
    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
    $8,975
    $20,800
    $236,720
    $257,520
    -
    $52,000
    $591,800
    $643,800

    Comparable in this City

    • Value Estimation
      $510,000
      22,701 SF

      2252 Dr F E Wright Dr

      MANUFACTURING (LIGHT) • 22,701 SF
      2252 Dr F E Wright Dr, Jackson, TN 38305-7503
      View Details
    • Value Estimation by Request
      14,850 SF

      2182 Hwy 70th E

      MANUFACTURING (LIGHT) • 14,850 SF
      2182 Hwy 70th E, Jackson, TN 38305-8418
      View Details
    • Value Estimation
      $1,425,000
      115,000 SF

      2500 Dr F E Wright Dr

      MANUFACTURING (LIGHT) • 115,000 SF
      2500 Dr F E Wright Dr, Jackson, TN 38305-7504
      View Details
    • Value Estimation by Request
      32,000 SF

      48 Ugn Pkwy

      MANUFACTURING (LIGHT) • 32,000 SF
      48 Ugn Pkwy, Jackson, TN 38305-1954
      View Details
    • Value Estimation
      $4,975,000
      400,814 SF

      2500 Dr F E Wright Dr

      MANUFACTURING (LIGHT) • 400,814 SF
      2500 Dr F E Wright Dr, Jackson, TN 38305-7504
      View Details
    • Value Estimation by Request
      25,463 SF

      4468 Hwy 45th N

      MANUFACTURING (LIGHT) • 25,463 SF
      4468 Hwy 45th N, Jackson, TN 38305-9731
      View Details

    Similar Nearby for Sale

    • New
      $925,000
      Pending

      Versatile Warehouse with Expansion Potential

      15,000 SF warehouse on 2.9 acres near I-40.
      75 United Dr, Jackson, TN 38305
      View Details
    • $1,250,000
      25.00 Acres

      Prime Jackson, TN Commercial Land

      25 Acres, Hwy 70 & I-40 Access
      0 Bedford White Rd, Jackson, TN 38305
      View Details
    • $995,000
      238.00 Acres

      Development Potential Land Jackson

      238-acre land parcel with road frontage.
      N And Browns Church Rd, Jackson, TN 38305
      View Details
    • $199,900
      5.95 Acres

      Jackson, TN Commercial Land - $199,900

      5.95-acre vacant lot, 12,000 sq ft potential.
      0 Old Humboldt Rd, Jackson, TN 38305
      View Details
    • $1,450,000
      Pending

      Versatile Commercial Space in Jackson

      27,920 SF retail, office, and warehouse space for sale.
      2058 Hollywood Dr, Jackson, TN 38305
      View Details
    • $15,000,000

      Prime Jackson TN Land Investment

      75-Acre Commercial Development Opportunity
      1987 Us Highway 70 Byp, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,613 SF

      Jackson, TN Industrial Space For Lease

      Manufacturing space, multiple suites available.
      941 Parkway, Jackson, TN 38305
      View Details
    • $4,000 /Mo
      5,000 SF

      Flex Distribution Warehouse Space

      5,000 SF flex space with office, dock, and ground access.
      71 Fairway Blvd, Jackson, TN 38305
      View Details
    • $6,650 /Mo
      6,490 SF

      Office and Warehouse Sublease Opportunity

      Sublease opportunity with office, warehouse, and secure parking in Jackson.
      1980 Us Highway 70 Byp E, Jackson, TN 38305
      View Details
    • $5,871 /Mo
      5,032 SF

      Midtown Jackson Stand-Alone Office

      Centrally located office building near US 45 Bypass and I-40.
      773 Parkway North, Jackson, TN 38305
      View Details
    • $4,830 /Mo
      3,600 SF

      Retail Space on Vann Drive

      3600 SF retail space in Jackson's busiest commercial development.
      1000-D Vann Dr, Jackson, TN 38305
      View Details
    • $8 SF/Yr
      8,450 SF

      Prime Retail Space, I-40 Visibility

      8,450 SF Single-Tenant Retail Space
      23 Carriage House Dr, Jackson, TN 38305
      View Details
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    Jackson, TN 38305-7606
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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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