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    PHILLIP M MORGAN, Jackson, MI

    License ID: 6502108104
    Years of Experience
    18
    Association
    Jackson Area Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (517) 937-3017
    Office Address:
    910 N West Ave, Jackson, MI

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land
    • Residential

    Performance

    Listings
    40
    Total transactions
    89
    Total transactions amount
    $23M
    Price range
    $172k - 387k
    Average price
    $258k

    Listings

    For Sale (38)

    View map
    • $780,000
      10,128 SF

      Jackson Retail Opportunity For Sale

      Retail property available in Jackson, Michigan.
      210 Hinckley Blvd, Jackson, MI 49203
      View Details
    • $750,000
      32,419 SF

      Downtown Gothic Revival Gem For Sale

      30,000 sq ft maintained space in Jackson's commercial hub.
      201 S Jackson St, Jackson, MI 49201
      View Details
    • $375,000
      5,192 SF

      Jackson Office Building For Sale

      Commercial office building with 5,192 square feet of space.
      1514 4Th St, Jackson, MI 49203
      View Details
    • $150,000
      Pending

      Commercial Frontage on Moscow Road

      Former ice cream store with commercial frontage on Moscow Rd.
      7560 Moscow Rd, Horton, MI 49246
      View Details
    • $250,000
      4,164 SF

      Jackson Retail Building For Sale

      Retail property in Jackson, MI, featuring 4164 square feet.
      3306 Francis St, Jackson, MI 49203
      View Details
    • $220,800
      53,269 SF

      Historic Industrial Building in Jackson

      50,000+ sq ft historic building suitable for renovation or growth.
      414 N Jackson St, Jackson, MI 49201
      View Details
    • $45,000
      2.40 Acres

      Industrial Land For Sale

      2.4 acre industrial land available in Jackson, Michigan.
      O Research Dr, Jackson, MI 49203
      View Details
    • $220,800
      53,269 SF

      Jackson Industrial Property for Sale

      Industrial property available in Jackson, Michigan.
      414 N Jackson St, Jackson, MI 49201
      View Details
    • $500,000
      4,800 SF

      Industrial Space on 4.18 Acres

      Meticulously maintained 4,800 sqft industrial space with expansion potential.
      1300 Mitchell St, Jackson, MI 49203
      View Details
    • $5,900,000
      71,815 SF

      Modern Industrial Facility in Jackson

      Eco-friendly industrial property with office, warehouse, and showroom space.
      2021 Wellworth Ave, Jackson, MI 49203
      View Details
    • $250,000
      4,164 SF

      Versatile Commercial Property on 0.81 Acres

      Commercial property with high-visibility, flexible zoning, and redevelopment potential.
      3306 Francis St, Jackson, MI 49203
      View Details
    • $780,000
      10,128 SF

      Vandercook Lake Retail Opportunity

      Operating pharmacy building with high visibility and traffic count.
      210 Hinckley Blvd, Jackson, MI 49203
      View Details
    • $1,750,000
      5.34 Acres

      Visible Commercial Land on I-94

      5.34 acre site ideal for highway service providers.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $339,000
      2,064 SF

      Retail Building in Jackson, MI

      Retail property for sale in Jackson, Michigan.
      400 S Jackson St, Jackson, MI 49201
      View Details
    • $350,000
      Pending

      Spacious Office Building Near Downtown

      Well-maintained office building with ample parking and potential uses.
      604 Wildwood Ave, Jackson, MI 49201
      View Details
    • $175,000
      0.52 Acres

      Commercial Land in Jackson, MI

      Commercial land available for sale in Jackson, Michigan.
      812 Greenwood Ave, Jackson, MI 49203
      View Details
    • $45,000
      0.34 Acres

      Commercial Land in Jackson, MI

      Commercial land available for sale in Jackson, Michigan.
      1710 Woodbridge St, Jackson, MI 49203
      View Details
    • $275,000
      0.50 Acres

      Commercial Land in Jackson, MI

      Commercial land available for sale in Jackson, Michigan.
      100 E Ganson St, Jackson, MI 49201
      View Details
    • $75,000
      1.57 Acres

      Commercial Land in Jackson, MI

      1.57 acre commercial land for sale in Jackson, MI.
      750 W Michigan Ave, Jackson, MI 49201
      View Details
    • $72,000
      6,368 SF

      Retail Opportunity in Jackson, MI

      Retail property for sale in Jackson, Michigan with 6368 SF.
      1314 Lansing Ave, Jackson, MI 49202
      View Details
    • New
      $375,000
      5,192 SF

      Well-Maintained Office Building For Sale

      Premium location, adaptable for various professional office uses.
      1514 4Th St, Jackson, MI 49203
      View Details
    • $900,000
      2.47 Acres

      Commercial Land in Hillsdale, MI

      2.47 acre commercial land for sale in Hillsdale, MI.
      55 Mcclellan St, Hillsdale, MI 49242
      View Details
    • $45,000
      2.40 Acres

      Vacant Land in Micor Park

      2.4 acres of vacant land in Micor Industrial Park.
      O Research Dr, Jackson, MI 49203
      View Details
    • $1,000,000
      3,672 SF

      Retail Opportunity in Jackson, MI

      Retail property for sale in Jackson, Michigan.
      108 Cooper St, Jackson, MI 49201
      View Details
    • $750,000
      51,236 SF

      Hanover Industrial Property For Sale

      Industrial property in Hanover, Michigan, featuring 51,236 square feet.
      6422 Hanover Rd, Hanover, MI 49241
      View Details
    • $750,000
      32,419 SF

      Jackson, MI Business Opportunity

      Commercial property in Jackson, MI, ideal for various business ventures.
      201 S Jackson St, Jackson, MI 49201
      View Details
    • $339,000
      2,064 SF

      Downtown Office with Historic Elements

      Prime office space in booming downtown Jackson, near the courthouse.
      400 S Jackson St, Jackson, MI 49201
      View Details
    • $72,000
      6,368 SF

      Multi-Use Property on High-Visibility Corner

      Adaptable commercial property with business and residential possibilities in Jackson.
      1314 Lansing Ave, Jackson, MI 49202
      View Details
    • $500,000
      4,800 SF

      Jackson Industrial Property For Sale

      4,800 SF industrial building on 4.18 acres in Jackson.
      1300 Mitchell St, Jackson, MI 49203
      View Details
    • $900,000
      2.47 Acres

      Hillsdale Mixed-Use Development Opportunity

      2.47-acre mixed-use development site near Hillsdale College.
      55 Mcclellan St, Hillsdale, MI 49242
      View Details
    • New
      $1,000,000
      1.32 Acres

      Prime Corner Lot in Jackson

      High-visibility 1.32-acre corner lot near downtown Jackson.
      108 Cooper St, Jackson, MI 49201
      View Details
    • $1,750,000
      11,616 SF

      Jackson, MI Retail Opportunity

      Retail property for sale in Jackson, Michigan.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $5,900,000
      71,815 SF

      Jackson Industrial Warehouse For Sale

      71,815 SF industrial warehouse on 3.42 acres in Jackson.
      2021 Wellworth Ave, Jackson, MI 49203
      View Details
    • $75,000
      1.57 Acres

      Commercial Land in Jackson, MI

      Multi-family property with commercial, office, and mixed-use possibilities.
      750 W Michigan Ave, Jackson, MI 49201
      View Details
    • $275,000
      0.50 Acres

      Prime Commercial Land, Jackson, MI

      High-traffic vacant land near downtown Jackson, ideal for business development.
      100 E Ganson St, Jackson, MI 49201
      View Details
    • New
      $175,000
      0.52 Acres

      Commercially Zoned Land in Jackson

      City-owned, commercially zoned land in the heart of Jackson, Michigan.
      812 Greenwood Ave, Jackson, MI 49203
      View Details
    • New
      $45,000
      0.34 Acres

      Vacant Land in Opportunity Zone

      Commercially zoned vacant land in Jackson, Michigan, near downtown.
      1710 Woodbridge St, Jackson, MI 49203
      View Details
    • $750,000
      51,236 SF

      Industrial Facility Near Moscow Road

      55,000 SF industrial building with long-term tenants and 3-phase power.
      6422 Hanover Rd, Hanover, MI 49241
      View Details

    For Lease (2)

    View map
    • $5,500 /Mo
      8,416 SF

      Commercial Land Near Interstate 94

      Highly visible commercial land near I-94, ideal for various businesses.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $5,500 /Mo
      8,416 SF

      Jackson Industrial Space For Lease

      8,416 SF industrial space available for lease in Jackson.
      201 Brookley Ave, Jackson, MI 49202
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    PHILLIP M MORGAN, Jackson, MI
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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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    PHILLIP M MORGAN, Jackson, MI
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