Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    402 Carrol St. Jackson, AL 36545

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Commercial Building - Jackson, AL

    Property size:
    4,800 SF
    Lot size:
    1.61 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    12
    Last Refresh:
    Apr 29 at 9:06 pm

    Property Features for 402 Carrol St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    Size
    4,800 SF
    Lot size
    1.61 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Year renovated
    1983
    Floors in Building
    1
    Flooring type
    Carpet
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Courtney Skipper

    Listing agent Courtney Skipper

    Listing office Skipper Insurance & Realty 1534 College Avenue, Jackson, AL

    Listing date Apr 18, 2026

    MLS# 11737020 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building in Jackson, AL

    This commercial property, situated in the center of Jackson, Alabama, offers over 4,800 square feet of versatile space. The building includes multiple rooms suitable for offices, meeting areas, or creative workspaces, along with a kitchen area and two bathrooms. A large recreation area with ceilings over 20 feet high provides an open atmosphere suitable for various uses. The flexible layout can accommodate a community center, event space, retail venue, or entertainment venue. The property, previously a church, sits on over 1.5 acres, providing ample parking and room for future expansion. This unique space is positioned to bring energy and entertainment to the downtown area. The expansive grounds offer opportunities for development. The property is located in a prime downtown location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vision Life Family ... Church

    Map

    City
    Jackson
    County
    Clarke
    State
    Alabama
    Longitude
    -87.893453
    Latitude
    31.508609

    Nearby Similar for Sale

    • $585,000
      3,282 SF

      Turnkey Restaurant on Highway 43

      Established restaurant with all equipment included, ready for immediate operation.
      3522 North College Ave, Jackson, AL 36545
      View Details
    • $269,900
      24,112 SF

      Jackson Commercial Building with Showroom

      24,112 SF retail building with storage on 2.31 acres.
      2125 College Ave, Jackson, AL 36545
      View Details
    • $59,900

      Church and House Opportunity

      Church with house, both needing repairs, for sale.
      325 Midway Street, Jackson, AL 36545
      View Details
    • $2,782,000
      3,700 SF

      Fast Pace Health Investment Opportunity

      NNN leased urgent care facility with corporate guarantee and rental increases.
      4005 N College Ave, Jackson, AL 36545
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Spacious commercial property with recreation area and expansion potential.
    Where is this church & religious facility located?
    The property is located at 402 Carrol St. Jackson, AL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime downtown location in a vibrant area; Over 4,800 square feet of versatile space suitable for various uses; Large recreation area with soaring 20+ foot ceilings
    (251) 233-0530
    We can help!
    Listing Contact
    Courtney Skipper
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!