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Property profile & analytics

1507 Raymond Rd Jackson, MS 39204-4202

  • Retail space
  • 2,115 SF
  • 0.37 lot acres
OFF-MARKET
Value Estimations
$225,000
Show details
Cap Rate Potential
9.4%
Retail space
Location Intelligence
Property ID
US50-0091840
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Our Co Inc / Tax Preparation Service
  • Glory Tax Services / Tax Preparation Service

Property Details for 1507 Raymond Rd

Year built
1978
Construction
WOOD
Lot size
0.37 lot acres
Property size
2,115 SF
Property type
Retail space
Property subtype
Storefront properties
APN
0833 0251 000
APU
8330251000

Description

This exceptional mixed-use investment property, located at 1507 Raymond Rd in Jackson, Mississippi (zip code 39204), presents a unique opportunity for savvy investors. The building boasts high visibility and is ideally suited for a variety of retail uses. Currently vacant, this property offers 5 units with a total square footage ranging from 1,200 to 2,500 square feet. Its previous tenants included a counseling center, dentist office, and vape shop, suggesting a diverse range of potential uses. The asking price is $159,000. The property's prime location in Hinds County, Jackson, MS, ensures excellent access to a substantial customer base. This is an ideal investment for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a strong return on investment. The property's versatility makes it suitable for a drug store, daycare, convenience store, or clinic, among other possibilities. Given its current vacancy, this presents a blank canvas for a new owner to customize and maximize the property's potential. The property's high visibility makes it an attractive option for businesses seeking strong brand recognition. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $225,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $350,000
    6.5%
    $325,000
    7%
    $300,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $206,000
    Market price range: $74.8k - $265k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Jackson
County
Hinds
State
Mississippi
Longitude
-90.2538
Latitude
32.2816
CBSA code
27140
CBSA name
JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,730
$5,511
$8,684
$14,195
-
$36,740
$57,890
$94,630
More about this property
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