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    Prime Commercial Land Opportunity Title is generated by Realmo AI

    2622B Jackson Avenue, Oxford, MS 38655

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    Claim this Listing
    For Sale
    $1,450,000

    LAND - OXFORD, MS

    Lot size:
    1.41 Acres
    Added:
    May 14, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 2622B Jackson Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OXFORD - SCN
    Standard status
    Active
    Lot size
    1.41 Acres

    We can help!

    Listing Contact
    Abby Smith

    Listing agent Abby Smith

    Listing office Oxford Real Estate Collective P O Box 52, OXFORD, MS

    Listing date May 14, 2026

    MLS# 167461

    Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.4+ acre flat lot with visibility from both West Jackson Ave and Hwy 6.
    • Rare commercial development opportunity in a high‑traffic location.
    • Zoned Suburban Center District (SCN) allowing for multi‑story development and a wide range of commercial uses.
    • High traffic counts: 23,000 cars passing daily on Jackson Ave and 43,000 on Hwy 6.
    • Two access points from W. Jackson Ave, including a shared drive.
    • 40' of road frontage on Jackson Ave.

    Overview

    This 1.4+ acre commercial lot presents a development opportunity with visibility from both Jackson Avenue and Highway 6. The property is completely flat and zoned Suburban Center District (SCN), allowing for a range of commercial opportunities, including multi-story development. It features 40 feet of road frontage on Jackson Avenue, which sees 23,000 cars passing daily, and backs up to Highway 6, offering visibility to another 43,000 passing cars daily. The lot provides two access points from West Jackson, including a shared drive with Connie's Chicken and another from the adjoining shopping center. Located on West Jackson Avenue in Oxford, Mississippi, this property is positioned in one of the city's busiest corridors. The zoning allows for a wide range of commercial opportunities. Taxes are for the full lot and will be prorated accordingly.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.570321
    Latitude
    34.361585

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    FAQs

    What type of property is this?
    Commercial land - 1.4+ acre commercial lot with high visibility and access.
    Where is this commercial land located?
    The property is located at 2622B Jackson Avenue Oxford, MS.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 1.4+ acre flat lot with visibility from both West Jackson Ave and Hwy 6.; Rare commercial development opportunity in a high‑traffic location.; Zoned Suburban Center District (SCN) allowing for multi‑story development and a wide range of commercial uses.
    (601) 951-0777
    We can help!
    Listing Contact
    Abby Smith
    Learn More
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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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