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    Property profile & analytics

    256 Vann Dr Ste C Jackson, TN 38305-6035

    • Retail space
    • 7,514 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2022
    $700,000
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1284913
    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

    • RJ Young / Data Recovery Service / Printing Equipment Supplier
    • Stride Rite / Shoe Store

    Property Details for 256 Vann Dr Ste C

    Year built
    1997
    Lot size
    0.68 lot acres
    Property size
    7,514 SF
    Zone code
    SC1
    Property type
    Retail space
    APN
    057055D D 00800
    APU
    057055DD00800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $710,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,180,000
      7%
      $1,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $890,000
      Market price range: $480k - $1.58M
      AI Estimate
      $536,000
      Market price range: $235k - $999k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8363
    Latitude
    35.6701
    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
    $8,660
    $97,920
    $150,560
    $248,480
    -
    $244,800
    $376,400
    $621,200

    Comparable in this City

    • Value Estimation
      $270,000
      1,632 SF

      1267 Old Bells Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,632 SF
      1267 Old Bells Rd, Jackson, TN 38305
      View Details
    • Value Estimation
      $265,000
      2,077 SF

      153 Star Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,077 SF
      153 Star Dr, Jackson, TN 38305-5634
      View Details
    • Value Estimation
      $85,000
      2,932 SF

      1990 Hwy 70th E

      RETAIL STORES (PERSONAL SERVICES) • 2,932 SF
      1990 Hwy 70th E, Jackson, TN 38305-8410
      View Details
    • Value Estimation
      $270,000
      2,100 SF

      29-31 Carriage House Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      29-31 Carriage House Dr, Jackson, TN 38305
      View Details
    • Value Estimation
      $255,000
      6,500 SF

      1889 Hollywood Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      1889 Hollywood Dr, Jackson, TN 38305-4346
      View Details
    • Value Estimation
      $265,000
      1,200 SF

      3740 Hwy 45th N

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      3740 Hwy 45th N, Jackson, TN 38305-7800
      View Details

    Similar Nearby for Sale

    • $950,000

      Jackson, TN Retail Investment Opportunity

      High-traffic storefront, flexible space, great location.
      23 Heritage Sq, Jackson, TN 38305
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    • $1,450,000
      27,920 SF

      Prime Jackson, TN Multi-Use Property

      Versatile Retail, Office, & Warehouse
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    • $2,000,000
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    • $1,450,000
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      Hollywood Drive Storefront

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    • $3,500,000
      20,582 SF

      Vann Drive Mixed-Use Investment

      Prime Jackson, TN location; high-traffic, multi-tenant opportunity.
      1751 Vann Dr, Jackson, TN 38305
      View Details
    • $4,125,000
      6,043 SF

      Retail Investment Opportunity in Jackson

      Stand-alone Verizon building with national credit lease in prime retail development.
      1017 Vann Dr, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,813 SF

      Hamilton Hills Shopping Center: Prime Retail Space

      Jackson, TN Retail Center - High Traffic Location
      621 Old Hickory Blvd, Jackson, TN 38305
      View Details
    • Contact for pricing
      2,813 SF

      Retail Space with Modern Amenities

      Well-appointed retail space with flexible floor plans for rent.
      1128-1130 Vann Dr, Jackson, TN 38305
      View Details
    • $24 SF/Yr
      943 SF

      Retail Space on Union University

      Prime leasing opportunity at 1363 Union University Dr, Jackson, TN.
      1363 Union University Dr, Jackson, TN 38305
      View Details
    • $25 SF/Yr
      12,300 SF

      New Retail Space in Jackson

      New retail bays in growing Jackson retail area for lease.
      17 Colonnade Blvd, Jackson, TN 38305
      View Details
    • $4,333 /Mo
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      High-Traffic Retail Location in Jackson

      8,000 SF retail space available for lease January 1, 2024.
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      View Details
    • $7,000 /Mo
      1,900 SF

      Retail Space on Vann Drive

      Retail space with curb side access on Vann Drive.
      1110 Vann Dr, Jackson, TN 38305
      View Details
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    256 Vann Dr Ste C
    Jackson, TN 38305-6035
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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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