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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Assisted living facilities
45 Frst Cv Jackson, TN 38301-4366
Individually Owned
15-yr Hold
Free & Clear
Property ID
US80-1322545
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1966
Total area
46,283 SF
Lot
4.5 ac (196,020 SF)
Zoning code
B1
APN
057066M J 03800
UPID
US80-1322545
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
-
Ushma Mehta, PT Physician
-
AHC Forest Cove Nursing Home
-
Monica Hammons Physician
-
Pro-Rehab of Forest Cove Nursing Home
-
Rehab America Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Forest Cove Long Term Facility · 15 yrs held
Forest Cove Long Term Facility
since 2011
Last sale
$3.1M
2 recorded transactions
Zoning & alternative use
B1 · Jackson, TN
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
$3,060,000
ML approach
$3,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,095,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,880,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,210,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,195,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$3,000,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $3.07M (Jan 8 2025)
Last sale anchor
$3.07M
Jan 8 2025
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
$66 / 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
$36,085
Tax year 2022
Assessed value
$1,035,440
Assessed 2023
Previous assessed
$1,035,440
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$243,000
Assessed improvement
$792,440
Land market value
$607,500
Improvement market value
$1,981,100
Total market value
$2,588,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
30
Total area
46,283 SF
Lot
4.5 ac (196,020 SF)
Zoning code
B1
APN
057066M J 03800
UPID
US80-1322545
Jurisdiction
MADISON
Zoning & alternative use
B1 · Jackson, TNZoning B1 · permitted uses
B1 · Jackson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CITY OF JACKSON
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1966
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
30
Lot
4.5 ac
Current owner
From public records · entity-resolved
Forest Cove Long Term Facility
Individual
Free & Clear · 15 yrs held
Mailing address
PO BOX 10, PARSONS, TN 38363-0010
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2011
—
Forest Cove Long Term Facility
Forest Cove Nursing And Re
Quit Claim Deed
related
—
Dec 28, 2009
—
Forest Cove Nursing
—
Deed Of Trust
related
$124,440,701 · Regions 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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