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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Retail space
701 Royal St Jackson, TN 38301-7307
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-0359920
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
4,348 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IO
APN
057087G A 00100
UPID
US80-0359920
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
-
Hope Store - Thrift Shop and Cafe Discount Store
-
Hope Café & Bbq Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
Hope Recovery Center INC · 8 yrs held
Hope Recovery Center INC
since 2018
6 recorded transactions
Zoning & alternative use
IO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±10%
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
$51 / 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
Land market value
$25,700
Improvement market value
$133,100
Total market value
$158,800
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
0
Total area
4,348 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IO
APN
057087G A 00100
UPID
US80-0359920
Jurisdiction
MADISON
Zoning & alternative use
IO · Jackson, TNZoning IO · permitted uses
IO · Jackson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CITY OF JACKSON
Building & site characteristics
From public records
Year built
1951
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hope Recovery Center INC
Entity
Mailing address
PO BOX 94, MEDON, TN 38356-0094
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
$165,000
Hope Recovery Center INC
Hunter,gregory
Warranty Deed
$168,093 · Firstbank Florida
Sep 23, 2015
$100,000
Gregory Hunter
Melton,james W & Carolyn
Warranty Deed
$84,000 · James W & Carolyn Melton
Jul 31, 2015
$60,000
James W Melton
Sigler R Bradley|cantrell,robert L SR
Trustees Deed
—
Dec 22, 2011
—
Robert L Cantrell SR.
Cantrell,robert L SR
Quit Claim Deed
related
—
Sep 13, 2010
$130,000
James W Melton
Strain,milton E JR & Cherrie L
Warranty Deed
—
Sep 13, 2010
$140,000
Robert L Cantrell SR.
Melton,james W
Warranty Deed
$130,000 · James W & Carolyn Melton
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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