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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Manufacturing properties
2404 Dr F E Wright Dr Jackson, TN 38305-7503
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0591855
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
355,144 SF
Lot
47 ac (2,047,320 SF)
APN
057057 02404
UPID
US80-0591855
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
-
BlueScope Buildings North America Industrial Manufacturer Production Facility
-
Bluescope Buildings Na Construction Company
-
Butler Manufacturing Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Butler Manufacturing Co · 6 yrs held
Butler Manufacturing Co
since 2020
6 recorded transactions
Zoning & alternative use
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
$6 / 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
$89,445
Tax year 2022
Assessed value
$2,566,560
Assessed 2023
Previous assessed
$2,566,560
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$165,520
Assessed improvement
$2,401,040
Land market value
$413,800
Improvement market value
$6,002,600
Total market value
$6,416,400
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
2
Stories
1
Units
1
Bathrooms
17
Total area
355,144 SF
Lot
47 ac (2,047,320 SF)
APN
057057 02404
UPID
US80-0591855
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
2
Units
1
Bathrooms
17
Lot
47 ac
Current owner
From public records · entity-resolved
Butler Manufacturing Co
Entity
Mailing address
1540 GENESSEE ST, KANSAS CITY, MO 64102-1069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 16, 2020
—
Butler Manufacturing Co
Industrial Dev Board Of The City/
Quit Claim Deed
related
—
Mar 28, 2005
—
Industrial Dev Board Of City/jack
Butler Manufacturing
Grant Deed
$7,500,000 · Private Lender
Oct 12, 2004
$4,900,000
Fenton Real Prop Holdings LLC
Butler,larry A
Trustees Deed
related
—
Dec 15, 2003
$1,000,000
Real Property Holdings Fenton
Seiler,vincent K
Grant Deed
related
—
Dec 27, 2000
—
Aemp Corp
Industrial Dev B
Grant Deed
related
—
—
—
Hayes Tennessee Venture LLC
—
Deed Of Trust
related
$1,000,000 · Associated Bank Chicago
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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