Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,510,000
Office Spaces
32-34 Garland Dr Jackson, TN 38305
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1412745
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,280 SF
Lot
2.33 ac (101,495 SF)
Zoning code
OC
APN
057044G A 01000
UPID
US80-1412745
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$6.51M
Owner & transaction history
Garland Partners · 1 yrs held
Garland Partners
since 2025
7 recorded transactions
Zoning & alternative use
OC · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+50.1%
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
COMMERCIAL (GENERAL)
$7,015,000
Current use
MEDICAL BUILDING
$10,530,000
Change: +50% · Conversion: Easy
RETAIL STORES
$6,825,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±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
$118 / 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
Land market value
$349,500
Improvement market value
$1,955,800
Total market value
$2,305,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
14
Total area
55,280 SF
Lot
2.33 ac (101,495 SF)
Zoning code
OC
APN
057044G A 01000
UPID
US80-1412745
Jurisdiction
MADISON
Zoning & alternative use
OC · Jackson, TN
Zoning OC · permitted uses
OC · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
14
Lot
2.33 ac
Current owner
From public records · entity-resolved
Garland Partners
Entity
Mailing address
PO BOX 11205, JACKSON, TN 38308-0120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 27, 2025
$1,860,000
Garland Partners
Madison Haywood Developmental Servi
Warranty Deed
$1,581,000 · Bank3
May 6, 2019
—
Madison Haywood Developmental
—
Deed
related
$750,000 · Simmons Bk
Jan 29, 2009
—
Haywood Developmental Madison
—
Trustees Deed
related
$600,000 · First South Bank
Feb 13, 2008
—
Madison-haywood Developmental
Developmental Disabilities Cor
Quit Claim Deed
related
$500,000 · Bancorp South Bank
—
—
Madison Haywood Developmental
—
Loan Modification
related
—
—
—
Madison Haywood Developmental
—
Loan Modification
related
$750,000 · Simmons Bk
—
—
Madison Haywood Developmental
—
Loan Modification
related
—
—
—
Haywood Developmental Madison
—
Deed Of Trust
related
$1,000,000 · First South Bank
—
—
Haywood Developmental Madison
—
Deed Of Trust
related
$119,000 · First South Bank
—
—
Madison Haywood Dev Svcs INC
—
Deed Of Trust
related
$1,900,000 · First South Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 32-34 Garland Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
