Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail properties & Spaces
405 Hays Ave Jackson, TN 38301-5440
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3433961
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,148 SF
Lot
1 ac (43,560 SF)
Zoning code
B4
APN
057078J S 01300
UPID
US80-3433961
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
-
Phillips 66 Gas Station
-
Hays Food Express Gas Station
-
Sqrl Gas Station
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
405 Hays LLC · 1 yrs held
405 Hays LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B4 · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+152.4%
Auto repair, garage
$985,000
+22.2%
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%
$1,900,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
MEDICAL BUILDING
$2,035,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.19M (Dec 11 2024)
Last sale anchor
$1.19M
Dec 11 2024
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
Tax billed
$4,866
Tax year 2022
Assessed value
$139,640
Assessed 2023
Previous assessed
$139,640
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$16,480
Assessed improvement
$123,160
Land market value
$41,200
Improvement market value
$307,900
Total market value
$349,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
1
Total area
11,148 SF
Lot
1 ac (43,560 SF)
Zoning code
B4
APN
057078J S 01300
UPID
US80-3433961
Jurisdiction
MADISON
Zoning & alternative use
B4 · Jackson, TN
Zoning B4 · permitted uses
B4 · 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
RETAIL STORES Current
Est. value
$805,000
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
405 Hays LLC
Entity
Free & Clear · 1 yrs held
Mailing address
411 THEODORE FREMD AVE STE #206, RYE, NY 10580-1411
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
—
405 Hays LLC
Tikova Sma I LLC
Quitclaim Deed
related
—
Mar 11, 2025
$1,186,994
Tikova Sma I LLC
Daniel J Moore
Deed
—
Jan 13, 2023
$1,300,000
Standard Development Company LLC
Hays Food Express INC
Warranty Deed
—
Jan 13, 2023
$2,000,000
Rcp 405 Jackson LLC
Standard Development Company LLC
Special Warranty Deed
$2,066,528 · Tikova Sma I LLC
Aug 31, 2021
$350,000
Hays Food Express INC
Fadhel A Alkifi
Warranty Deed
$280,000 · Decatur County Bank
Nov 8, 2005
$250,000
Fadhel A Alkifi
Safa,steve
Warranty Deed
$193,000 · Bancorp South Bank
Aug 2, 1996
—
Steve Safa
—
Deed Of Trust
related
—
Aug 1, 1996
—
Steve Safa
Jones,william Ra
Grant Deed
$120,000 · First American National 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 405 Hays Ave?
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.
