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    156 Flag Chapel Rd Jackson, MS 39209

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    For Sale
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    Jackson, MS school building; 34,142 sq ft.

    Property size:
    34,142 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a single-story, 34,142-square-foot building formerly utilized as Raines Elementary School within the Jackson Public School District. Located at 156 N Flag Chapel Rd, Jackson, MS 39209, this property is strategically positioned in Hinds County and is part of the Jackson Public Schools (JPS) Repurposing Initiative. This initiative actively promotes the reuse and redevelopment of surplus school sites, aiming to transform underutilized properties into valuable community assets. The building's substantial size offers significant potential for a variety of adaptive reuse projects. The property's location within Jackson provides access to established infrastructure and a growing community. This is a unique chance to contribute to the revitalization of Jackson's neighborhoods while capitalizing on a prime piece of real estate. The property is offered as-is, and interested parties are encouraged to conduct their own due diligence. Further information regarding the JPS Repurposing Initiative and its guidelines can be obtained through the appropriate channels. This presents a rare chance to acquire a large-scale property with considerable redevelopment potential in a dynamic urban setting. The property's single-story design simplifies potential renovation or repurposing plans. This is an ideal opportunity for developers, investors, and community organizations seeking to contribute to the growth and prosperity of Jackson, Mississippi.

    Property Features for 156 Flag Chapel Rd

    General Information

    Property type
    Schools
    Square Feet
    34,142 SF

    Building Details

    Stories
    1

    HighLights

    • Special Purpose Property: 34,142 square foot, single‑story school building.
    • Located at 156 N Flag Chapel Rd, Jackson, MS 39209.
    • Formerly Raines Elementary School, part of the Jackson Public Schools (JPS) Repurposing Initiative for redevelopment.
    • Suitable for adaptive reuse and redevelopment opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Raines Elementary School Elementary School

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Skin Care Clinic Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2640031
    Latitude
    32.3342801

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    FAQs

    What type of property is this?
    School - Jackson, MS school building; 34,142 sq ft.
    Where is this school located?
    The property is located at 156 Flag Chapel Rd Jackson, MS.
    What are key features of this property?
    This property features: Special Purpose Property: 34,142 square foot, single-story school building.; Located at 156 N Flag Chapel Rd, Jackson, MS 39209.; Formerly Raines Elementary School, part of the Jackson Public Schools (JPS) Repurposing Initiative for redevelopment.
    Request Owner's contact information
    156 Flag Chapel Rd Jackson, MS 39209
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    Jackson, MS 39209
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    Realmo Value Estimation

    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.

    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.

    More about this property
    156 Flag Chapel Rd Jackson, MS 39209
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