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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Medical Office Space
668 Skyline Dr Jackson, TN 38301-3951
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0359918
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
13,752 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B1
APN
057066M C 00400
UPID
US80-0359918
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
-
Speight Joyce A Physician
-
Jason Sullivan, MD Ophthalmologist
-
Hilary Grissom, MD Ophthalmologist
-
Eye Clinic, PC Medical Clinic Ophthalmologist
-
Molly Lee, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Walz Capital Jackson Tn LLC · 4 yrs held
Walz Capital Jackson Tn LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
B1 · Jackson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+132.7%
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
$4,150,000
ML approach
$3,790,000
CAP Approach
CAP Return
Estimation
6%
$2,595,000
6.5%
$2,395,000
7%
$2,225,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,510,000
Current use
RESTAURANT
$5,840,000
Change: +133% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10% · vs last sale $3.70M (Jan 5 2022)
Last sale anchor
$3.70M
Jan 5 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
$279 / 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
$16,013
Tax year 2022
Assessed value
$459,480
Assessed 2023
Previous assessed
$459,480
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$128,240
Assessed improvement
$331,240
Land market value
$320,600
Improvement market value
$828,100
Total market value
$1,148,700
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
1977
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
13
Total area
13,752 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B1
APN
057066M C 00400
UPID
US80-0359918
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
$2.5M
RESTAURANT
Est. value
$5.8M
MEDICAL BUILDING Current
RESTAURANT
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
1977
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
13
Lot
1.5 ac
Current owner
From public records · entity-resolved
Walz Capital Jackson Tn LLC
Entity
Mailing address
3621 N WILTON AVE APT #3, CHICAGO, IL 60613-7317
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
—
Walz Capital Jackson Tn LLC
—
Deed
related
$2,775,000 · Bank Of America NA
Jan 5, 2022
$3,700,000
Walz Capital Jackson Tn LLC
Skyline Building Partnership
Special Warranty Deed
—
Nov 19, 2021
—
Skyline Building Partnership
Ben F House
Quit Claim Deed
related
—
Apr 4, 2019
—
Skyline Building Ptshp
—
Deed
related
$329,155 · Bank Of Jackson
Nov 27, 2017
—
Skyline Building Ptshp
—
Deed
related
$207,621 · Bank Of Jackson
Nov 13, 2017
—
Skyline Building Ptshp
—
Deed
related
$370,641 · Bank Of Jackson
Oct 30, 2017
—
Skyline Building Ptshp
—
Deed
related
$207,621 · Bank Of Jackson
Mar 23, 2017
—
Skyline Building Ptshp
—
Deed
related
$148,200 · Bank Of Jackson
Mar 14, 2017
—
Skyline Building Ptshp
Bateman Neel Sullivan & Grisso
Quit Claim Deed
related
—
May 3, 2010
—
Bateman Neel Woods
House Price Herron & Woods
Quit Claim Deed
related
—
—
—
Woods Bateman Neel Sulliva Gr
—
Deed Of Trust
related
$296,400 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Deed Of Trust
related
$329,155 · Bank Of Jackson
—
—
Neel Bateman Woods
—
Deed Of Trust
related
$204,250 · First Tennessee Bank National
—
—
Neel Sullivan Bateman
—
Loan Modification
related
$347,061 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Deed Of Trust
related
$148,200 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Loan Modification
related
$370,641 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Loan Modification
related
$207,621 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Loan Modification
related
$370,641 · Bank Of Jackson
—
—
Skyline Building Ptshp
—
Loan Modification
related
$207,621 · Bank Of Jackson
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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