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    Property profile & analytics

    61 Casey Jones Ln Jackson, TN 38305-2401

    • Motels
    • 44,629 SF
    • 1.81 lot acres
    OFF-MARKET
    Last Sale
    Jan 20, 2022
    $575,000
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0624244
    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

    • Comfort Suites Jackson I-40 / Hotel & Motel

    Property Details for 61 Casey Jones Ln

    Year built
    2009
    Construction
    WOOD
    Lot size
    1.81 lot acres
    Property size
    44,629 SF
    Zone code
    RG2
    Property type
    Motels
    APN
    057055 06504
    APU
    5705506504

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $1,000,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,195,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Madison
    State
    Tennessee
    Longitude
    -88.857
    Latitude
    35.6615
    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
    $62,501
    $226,240
    $1,567,200
    $1,793,440
    -
    $565,600
    $3,918,000
    $4,483,600

    Comparable in this City

    • Value Estimation
      $775,000
      20,290 SF

      1943 Hwy 45th Byp

      MOTEL • 20,290 SF
      1943 Hwy 45th Byp, Jackson, TN 38305-2479
      View Details
    • Value Estimation
      $2,835,000
      43,767 SF

      2370 Highland Ave

      MOTEL • 43,767 SF
      2370 Highland Ave, Jackson, TN 38305-4914
      View Details
    • Value Estimation
      $600,000
      22,658 SF

      1936 Hwy 45th Byp

      MOTEL • 22,658 SF
      1936 Hwy 45th Byp, Jackson, TN 38305-2478
      View Details
    • Value Estimation
      $1,760,000
      14,148 SF

      2239 Hollywood Dr

      MOTEL • 14,148 SF
      2239 Hollywood Dr, Jackson, TN 38305-4327
      View Details
    • Value Estimation
      $3,490,000
      38,266 SF

      220 Vann Dr

      MOTEL • 38,266 SF
      220 Vann Dr, Jackson, TN 38305-3971
      View Details
    • Value Estimation
      $1,215,000
      41,718 SF

      86 Parkstone Pl

      MOTEL • 41,718 SF
      86 Parkstone Pl, Jackson, TN 38305-7611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      101,117 SF

      92-Room Residence Inn Hotel

      Four-story, 92-room Marriott extended stay hotel in Jackson, TN.
      126 Old Media Xing, Jackson, TN 38305
      View Details
    • $4,000,000
      40.00 Acres

      40 Acres on Hwy 70E

      40 acres near I-40 with multiple development possibilities.
      2142 Highway 70 E, Jackson, TN 38305
      View Details
    • $2,400,000
      19,788 SF

      SureStay Plus Hotel - Jackson, TN

      Fully renovated, 48-unit hotel for sale.
      1936 Highway 45 Byp, Jackson, TN 38305
      View Details
    • $158,325
      42.22 Acres

      42.22 Acres Hunting/Pasture Land

      Secluded 42.22 acre hunting/pasture/recreational tract in North Madison County.
      Wild Vly Dr & Watson Rd, Jackson, TN 38305
      View Details
    • $1,450,000
      Pending

      Versatile Commercial Space in Jackson

      27,920 SF retail, office, and warehouse space for sale.
      2058 Hollywood Dr, Jackson, TN 38305
      View Details
    • $32,000

      Jackson TN Residential Land

      Prime 166K SF lot, ideal for development.
      00 Us Highway 70 Byp, Jackson, TN 38305
      View Details

    Similar Nearby for Lease

    • $5,871 /Mo
      5,032 SF

      Midtown Jackson Stand-Alone Office

      Centrally located office building near US 45 Bypass and I-40.
      773 Parkway North, Jackson, TN 38305
      View Details
    • $4,830 /Mo
      3,600 SF

      Retail Space on Vann Drive

      3600 SF retail space in Jackson's busiest commercial development.
      1000-D Vann Dr, Jackson, TN 38305
      View Details
    • $8 SF/Yr
      8,450 SF

      Prime Retail Space, I-40 Visibility

      8,450 SF Single-Tenant Retail Space
      23 Carriage House Dr, Jackson, TN 38305
      View Details
    • Contact for pricing
      1,060 SF

      Retail Space in High-Traffic Area

      Customizable retail spaces with high visibility and traffic.
      865 Vann Dr, Jackson, TN 38305
      View Details
    • $22 SF/Yr
      1,400 SF

      Premier Retail Space in Jackson

      12,676 SF retail space in Jackson's premier lifestyle center.
      1348 Union University Dr, Jackson, TN 38305
      View Details
    • $2,600 /Mo

      Prime Commercial Building For Lease

      Commercial building for lease in high-traffic area.
      127 Bon Air Cir, Jackson, TN 38305
      View Details
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    61 Casey Jones Ln
    Jackson, TN 38305-2401
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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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