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Property profile & analytics
OFF-MARKET
Estimated value
$13,995,000
Manufacturing properties
24 Bobrick Dr Jackson, TN 38301-5625
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3541192
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
165,938 SF
Lot
24 ac (1,045,440 SF)
Zoning code
I2
APN
057076 06401
UPID
US80-3541192
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
-
US Farathane Factory Production Facility
-
Murray Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.35M
CAP Approach
CAP
$10.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.00M
Owner & transaction history
Us Farathane LLC · 4 yrs held
Us Farathane LLC
since 2021
Last sale
$17.2M
7 recorded transactions
Zoning & alternative use
I2 · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.3M
+867.5%
Retail stores
$13.9M
+636.6%
Commercial (general)
$11.5M
+509.8%
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
$15,680,000
ML approach
$9,345,000
CAP Approach
CAP Return
Estimation
6%
$11,425,000
6.5%
$10,550,000
7%
$9,795,000
Alternative Use
Use
Estimation
RESTAURANT
$18,270,000
Change: +867% · Conversion: Difficult
RETAIL STORES
$13,910,000
Change: +637% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,515,000
Change: +510% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,460,000
Change: +507% · Conversion: Easy
MEDICAL BUILDING
$10,750,000
Change: +469% · Conversion: Difficult
Blend value · Realmo final
$14.00M
Range $12.60M – $15.39M · ±10% · vs last sale $17.20M (Dec 29 2021)
Last sale anchor
$17.20M
Dec 29 2021
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
$84 / 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
$48,994
Tax year 2022
Assessed value
$1,405,840
Assessed 2023
Previous assessed
$1,405,840
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$98,000
Assessed improvement
$1,307,840
Land market value
$245,000
Improvement market value
$3,269,600
Total market value
$3,514,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
4
Total area
165,938 SF
Lot
24 ac (1,045,440 SF)
Zoning code
I2
APN
057076 06401
UPID
US80-3541192
Jurisdiction
MADISON
Zoning & alternative use
I2 · Jackson, TN
Zoning I2 · permitted uses
I2 · 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
RESTAURANT
Est. value
$18.3M
RETAIL STORES
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$10.8M
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
24 ac
Current owner
From public records · entity-resolved
Us Farathane LLC
Entity
Mailing address
1 ALLIED DR STE #1715, LITTLE ROCK, AR 72202-2069
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Tempus Jackson LLC
—
Deed
related
$3,666,542 · Simmons Bank
Dec 29, 2021
—
Us Farathane LLC
Tempus Jackson LLC
Lease
$11,610,000 · Simmons Bank
Dec 29, 2021
$17,200,000
Tempus Jackson LLC
Usf Jackson Real Estate LLC
Special Warranty Deed
—
Dec 27, 2021
—
Jackson Real Estate LLC
Industrial Dev Brd Of City Of Jacks
Quit Claim Deed
related
—
Nov 9, 2005
—
Industrial Dev Board Of City/jack
Usf Jackson Real Estate LLC
Warranty Deed
$2,560,000 · Us Farathane Corp
Nov 3, 2005
—
Phoenician Properties
Industrial Dev Board Of City/jack
Quit Claim Deed
related
—
Nov 3, 2005
$3,200,000
Usf Jackson Real Estate LLC
Phoenician Properties
Warranty Deed
$2,560,000 · Comerica Bank
Jun 11, 2002
—
Industrial Development Boa
Phoenician,prope
Grant Deed
related
—
May 16, 1994
$3,063,321
Phoenician Prop
Unknown
Grant Deed
—
Nov 16, 1989
$263,445
Madison County
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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