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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Grocery and convenience stores
230 Oil Wl Rd Jackson, TN 38305-7914
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3500462
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
11,275 SF
Lot
0.85 ac (37,026 SF)
Zoning code
SC1
APN
057044G G 00100
UPID
US80-3500462
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
-
Shell Restaurant
-
Blimpie Take-out & Catering Catering Service
-
ATM (Shell) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$995k
Owner & transaction history
Bhavna Patel · 12 yrs held
Bhavna Patel
since 2013
7 recorded transactions
Zoning & alternative use
SC1 · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+2.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,390,000
Current use
COMMERCIAL (GENERAL)
$1,430,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
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
$10,805
Tax year 2022
Assessed value
$310,040
Assessed 2023
Previous assessed
$310,040
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$114,760
Assessed improvement
$195,280
Land market value
$286,900
Improvement market value
$488,200
Total market value
$775,100
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
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
11,275 SF
Lot
0.85 ac (37,026 SF)
Zoning code
SC1
APN
057044G G 00100
UPID
US80-3500462
Jurisdiction
MADISON
Zoning & alternative use
SC1 · Jackson, TN
Zoning SC1 · permitted uses
SC1 · 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
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Bhavna Patel
Individual
Free & Clear · 12 yrs held
Mailing address
35 ROCHESTER CV, JACKSON, TN 38305-2674
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
—
Friendship Partners
—
Deed
related
$715,345 · Centennial Bank
Oct 21, 2021
—
Oil Well Foodmart LLC
—
Deed
related
$186,492 · Centennial Bank
Jan 5, 2017
—
Kamlesh A Patel
—
Deed
related
$1,136,261 · Firstbank
Aug 8, 2013
$1,500,000
Bhavna Patel
New Century Props & Inv LLC
Warranty Deed
—
Jan 19, 2012
—
New Century Props & Inv LLC
—
Trustees Deed
related
$200,000 · Banktennessee
May 7, 2008
$5,000,000
New Century Props & Inv LLC
Gibson Properties INC
Grant Deed
related
$4,250,000 · Banktennessee
Jul 15, 2004
$500,000
Gibson Properties INC
Motiva Ents LLC
Grant Deed
$500,000 · Regions Bank
Jan 18, 2001
$1,448,487
Motiva Enterprises LLC
R,r Morrison & S
Grant Deed
related
—
Apr 30, 1997
$250,000
Morrison Rr
R,r Morrison & S
Grant Deed
related
—
—
—
Patel,kamlesh A & Bhavna K
—
Deed Of Trust
related
$101,555 · First Bk
—
—
Bhavna Patel
—
Deed Of Trust
related
$1,234,573 · Firstbank NA
—
—
Kamlesh A Patel
—
Deed Of Trust
related
$1,136,261 · Firstbank
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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