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Property profile & analytics
OFF-MARKET
Office Spaces
68 Ridgecrest Rd Jackson, TN 38305-2307
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0039716
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Total area
1,600 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B4
APN
057056I A 03900
UPID
US80-0039716
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
-
Air Force Recruiting Office Military Recruiting Office
-
Learning Works High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sherri R Cherry · 14 yrs held
Sherri R Cherry
since 2011
7 recorded transactions
Zoning & alternative use
B4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,472
Tax year 2022
Assessed value
$42,240
Assessed 2023
Previous assessed
$42,240
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$18,920
Assessed improvement
$23,320
Land market value
$47,300
Improvement market value
$58,300
Total market value
$105,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1967
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
1,600 SF
Lot
0.43 ac (18,731 SF)
Zoning code
B4
APN
057056I A 03900
UPID
US80-0039716
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.
Building & site characteristics
From public records
Year built
1967
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Sherri R Cherry
Individual
Mailing address
2170 OLD JACKSON RD, HENDERSON, TN 38340-3645
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2011
—
Sherri R Cherry
Cherry,mickey F
Affidavit Of Death
related
—
Feb 7, 2003
$160,000
M Cherry
Local Government
Grant Deed
—
Sep 30, 1997
$150,000
Local Government Data Proc
—
Grant Deed
related
—
Sep 29, 1989
$10,000
Jay Larrimore Hall
Unknown,
Grant Deed
—
Sep 20, 1988
$105,000
Jay Larrimore Hall
Unknown,
Grant Deed
—
—
—
Mickey Cherry
—
Deed Of Trust
related
$158,562 · Chester County Bank
—
—
Mickey Cherry
—
Deed Of Trust
related
$203,328 · Chester County 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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