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    1092 Jackson Xing Jackson, MI 49202
    Property profile & analytics

    1092 Jackson Xing, Jackson, MI 49202

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    • Super regional malls
    • 656,568 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TARGET PARKING LOT / Parking Lot & Garage
    • Coin Cloud Bitcoin ATM / Kiosk / Atm
    • TARGET LOADING DOCK / Distribution Center / Logistics Company
    • Stop N Custom / Custom T-Shirt Store
    • Dolls Palace / Clothing & Fashion Store

    Property Details for 1092 Jackson Xing

    Year built
    1960
    Property size
    656,568 SF
    Property type
    Super regional malls
    Property subtype
    Retail properties & Spaces

    Description

    Jackson Crossing, a Class A regional mall in Jackson, Michigan (49202), offers exceptional retail opportunities. This 656,568 square foot, single-story property, built in 1960 and extensively renovated in 2018, boasts a prime location at 1092 Jackson Crossing, conveniently situated near Boardman Rd. The mall features ample parking with 900 spaces available for customers. Currently, there are four available spaces ranging in size from 1,441 square feet to 697,767 square feet, catering to a variety of business needs. The property is zoned for commercial use and is ideal for a range of retail concepts. Previous tenants included a frozen yogurt shop, demonstrating the suitability of the space for food-related businesses. The absence of elevators is noted. This is a unique chance to establish a presence in a well-established and renovated shopping center, benefiting from high visibility and convenient access for customers. The property's extensive size and flexible space options provide significant potential for growth and success. Interested parties should inquire about specific space availability and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.4299
    Latitude
    42.2705

    Comparable in this City

    • Value Estimation by Request
      31,830 SF

      3132 Michigan Ave

      SHOPPING CENTER, STRIP CENTER • 31,830 SF
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    • Value Estimation by Request
      2,080 SF

      1803 Michigan Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,080 SF
      1803 Michigan Ave, Jackson, MI 49202-4006
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    • Value Estimation by Request
      23,799 SF

      3025 Michigan Ave

      SHOPPING CENTER, STRIP CENTER • 23,799 SF
      3025 Michigan Ave, Jackson, MI 49202-3847
      View Details
    • Value Estimation
      $660,000
      7,700 SF

      950 Wisner St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,700 SF
      950 Wisner St, Jackson, MI 49202-3144
      View Details
    • Value Estimation
      $11,695,000
      223,693 SF

      3333 Michigan Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 223,693 SF
      3333 Michigan Ave, Jackson, MI 49202-3853
      View Details
    • Value Estimation
      $9,435,000
      242,708 SF

      2777 Airport Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 242,708 SF
      2777 Airport Rd, Jackson, MI 49202-1239
      View Details

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      Restaurant & Banquet Facility For Sale

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    Similar Nearby for Lease

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      1,441 SF

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      Retail space in regional power center with high traffic.
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      Merchants Crossing Retail Space

      Prime Jackson County retail center; spaces available.
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      13,820 SF

      Retail Space in Jackson

      Retail space available in a busy shopping center.
      1250 Jackson Xing, Jackson, MI 49202
      View Details
    • Contact for pricing
      10,960 SF

      Former Pharmacy with Drive Thru

      10,960 SF retail building on 2 acres in Jackson, MI.
      3100 E Michigan Ave, Jackson, MI 49202
      View Details
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    Jackson, MI 49202
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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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