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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Medical Office Space
395 Hospital Blvd, Jackson, TN 38305-2080
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1502862
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
11,485 SF
Lot
1.47 ac (63,903 SF)
Zoning code
B1
APN
057044J A 02000
UPID
US80-1502862
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
-
Donald Wilson, MD Physician
-
Jeffrey Ball, MD Physician
-
Rachael Armstrong, MD Physician
-
Jackson Surgical Associates PA Physician
-
Vein & Vascular Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.98M
Owner & transaction history
Halltown Farms LLC · 3 yrs held
Halltown Farms LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
B1 · Jackson, TN
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
Method
Estimation
Statistic approach
$3,205,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
$2,165,000
6.5%
$2,000,000
7%
$1,855,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,190,000
Current use
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10% · vs last sale $2.97M (Oct 6 2022)
Last sale anchor
$2.97M
Oct 6 2022
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
$259 / 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
$24,393
Tax year 2022
Assessed value
$728,520
Assessed 2023
Previous assessed
$699,960
+4.1% YoY
Effective rate
3.35%
On assessed value
Assessed land
$110,240
Assessed improvement
$618,280
Land market value
$275,600
Improvement market value
$1,545,700
Total market value
$1,821,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
9
Total area
11,485 SF
Lot
1.47 ac (63,903 SF)
Zoning code
B1
APN
057044J A 02000
UPID
US80-1502862
Jurisdiction
MADISON
Zoning & alternative use
B1 · Jackson, TN
Zoning B1 · permitted uses
B1 · 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
MEDICAL BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING Current
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
1991
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
9
Lot
1.47 ac
Current owner
From public records · entity-resolved
Halltown Farms LLC
Entity
Mailing address
3022 COUNTY RD 745, JONESBORO, AR 72405-8202
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$2,970,000
Halltown Farms LLC
Hb Medical Holdings LLC
Warranty Deed
$1,800,000 · Encore Bank NA
Oct 7, 2021
$1,750,000
Hb Medical Holdings LLC
Jackson Surgical Assc Rentalcompany
Warranty Deed
$18,825 · Iberiabank
Nov 12, 2002
—
Jackson Surgical Associate
Scott,a B
Grant Deed
related
—
May 31, 1990
$42,500
Scott A B Etal
Unknown
Grant Deed
—
—
—
Jackson Surgical Assocs Rental
—
Deed Of Trust
related
$1,494,394 · Bancorp South Bank
—
—
Jackson Surgical Assocs Rental
—
Deed Of Trust
related
$1,960,000 · Bank Of Jackson
—
—
Jackson Surgical Assocs Rental
—
Deed Of Trust
related
$260,968 · Bancorp South Bank
—
—
Jackson Surgical Assocs Rental
—
Deed Of Trust
related
$260,968 · Bancorp 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.
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