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    Property profile & analytics

    343 Vann Dr Jackson, TN 38305-6018

    • Retail space
    • 15,000 SF
    • 1.80 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2022
    $1,848,500
    Value Estimations
    $2,020,000
    Show details
    Cap Rate Potential
    7.7%
    Retail space
    Location Intelligence
    Property ID
    US80-0880556
    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

    • Retail space

    Property Details for 343 Vann Dr

    Year built
    1998
    Lot size
    1.80 lot acres
    Property size
    15,000 SF
    Zone code
    SC1
    Property type
    Retail space
    APN
    057055 02001
    APU
    5705502001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,995,000
      ML approach
      $1,730,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,555,000
      6.5%
      $2,360,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,503,000
      Market price range: $958k - $3.14M
      AI Estimate
      $1,509,000
      Market price range: $469k - $1.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.8392
    Latitude
    35.6697
    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
    $24,359
    $216,000
    $482,960
    $698,960
    -
    $540,000
    $1,207,400
    $1,747,400

    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
      View Details
    • $1,450,000
      27,920 SF

      Prime Jackson, TN Multi-Use Property

      Versatile Retail, Office, & Warehouse
      2058 Hollywood Dr, Jackson, TN 38305
      View Details
    • $2,000,000
      246.00 Acres

      Jackson TN Development Opportunity Land

      246-acre development opportunity near Highway 70 and Exit 87 in Jackson.
      70 & Browns Church Rd, Jackson, TN 38305
      View Details
    • $700,000
      8,000 SF

      Prime Jackson Retail Space

      8,000 SF Storefront - High Traffic
      220-224 Royal St, Jackson, TN 38305
      View Details
    • $469,000
      Pending

      Commercial Building on Highway 45

      Commercial building suitable for office, retail, or restaurant use.
      1938 Highway 45 Byp, Jackson, TN 38305
      View Details
    • $700,000
      8,000 SF

      High-Traffic Retail Location in Jackson

      8,000 sq ft retail space in high-traffic Jackson location.
      220-224 N Royal St, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,949 SF

      Redevelopment Opportunity on Emporium Drive

      1-acre site with existing building, ideal for redevelopment.
      1914 Emporium Dr, Jackson, TN 38305
      View Details
    • $20 SF/Yr
      2,500 SF

      Retail Space Available For Rent

      2,500 square feet of retail space for lease.
      35 W University Pkwy, Jackson, TN 38305
      View Details
    • $8 SF/Yr
      8,450 SF

      Retail Space in Regional Center

      Retail space available in established regional power center with high visibility.
      23 Carriage House Dr, Jackson, TN 38305
      View Details
    • $18 SF/Yr
      1,257 SF

      Jackson Retail Center - Highway 45 Bypass

      High-traffic retail space, fully remodeled.
      1932 By Pass Byp, Jackson, TN 38305
      View Details
    • $1,200 /Mo
      1,000 SF

      Retail Space in Jackson, TN

      1000 sq ft commercial property with excellent road access.
      368 Parkway North, Jackson, TN 38305
      View Details
    • 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
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    343 Vann Dr
    Jackson, TN 38305-6018
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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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