Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    146 Ash St Jackson, MS 39202
    Back to Search
    Property profile & analytics

    146 Ash St, Jackson, MS 39202

    View on Map
    • Specialty properties
    • 44,458 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MakerSpace @ Brown elementry / High School

    Property Details for 146 Ash St

    Property type
    Specialty properties
    Property subtype
    Schools

    Description

    This exceptional 44,458-square-foot property presents a unique redevelopment opportunity in Jackson, Mississippi. Previously serving as Brown Elementary School within the Jackson Public Schools system, this two-story building is now available as part of the JPS Repurposing Initiative. This initiative actively promotes the reuse and redevelopment of surplus school sites, aiming to transform underutilized properties into valuable community assets. Located at 146 East Ash Street, Jackson, MS 39202, in Hinds County, this site offers significant potential for adaptive reuse. The building's substantial size and central location within Jackson provide a strong foundation for a variety of development projects. The property's history as a school provides a unique character and potential for creative repurposing, aligning with the city's goals for neighborhood growth and prosperity. This is a chance to contribute to the revitalization of Jackson while capitalizing on a prime piece of real estate. Detailed site plans and further information are available upon request. This is an exceptional opportunity for developers and investors seeking a high-impact project in a growing Mississippi market. The property is ready for its next chapter, offering a blank canvas for innovative and impactful development. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1872
    Latitude
    32.3149

    Comparable in this City

    • Value Estimation by Request
      26,169 SF

      750 Congress St

      Schools
      750 Congress St, Jackson, MS 39202
      View Details
    • Value Estimation by Request
      82,315 SF

      136 Ash St

      Schools
      136 Ash St, Jackson, MS 39202
      View Details
    • Value Estimation by Request
      5,875 SF

      903 Ml St

      SHOPPING CENTER COMMON AREA
      903 Ml St, Jackson, MS 39202
      View Details
    • Value Estimation by Request
      45,000 SF

      800 River Pl

      Multifamily properties
      800 River Pl, Jackson, MS 39202
      View Details
    • Value Estimation by Request
      0.46 Acres

      Jackson, MS 39202

      CHARITABLE ORGANIZATION
      Jackson, MS 39202
      View Details
    • Value Estimation
      $625,000
      24,293 SF

      886 Farish St

      FUNERAL HOME
      886 Farish St, Jackson, MS 39202-2812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,315 SF

      Former Rowan Middle School Building

      Two-story, 82,315 SF building, part of JPS Repurposing Initiative.
      136 East Ash St, Jackson, MS 39202
      View Details
    • Contact for pricing
      26,169 SF

      Former Obama Magnet Elementary School

      26,169 SF historic building, part of JPS Repurposing Initiative.
      750 N Congress St, Jackson, MS 39202
      View Details
    • Contact for pricing
      44,458 SF

      Former School Building For Sale

      Two-story building, formerly Brown Elementary School, part of JPS initiative.
      146 East Ash St, Jackson, MS 39202
      View Details
    • Contact for pricing
      8,606 SF

      Newly Renovated Dollar Tree Store

      NNN Dollar Tree store for sale in Jackson, Mississippi.
      914 North State St, Jackson, MS 39202
      View Details
    • $199,000
      9,614 SF

      Updated Office Space Downtown

      Updated office space with high visibility and live-work option.
      617 Rio St, Jackson, MS 39202
      View Details
    • Contact for pricing
      Pending

      Updated Office Building Near Downtown

      Updated office building located minutes from downtown Jackson.
      825 Larson St, Jackson, MS 39202
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      900 SF

      Spacious One-Bedroom Unit For Rent

      Large one-bedroom unit with updated bathroom and eat-in kitchen.
      803 North Congress St, Jackson, MS 39202
      View Details
    • Contact for pricing

      Downtown Office Space Available

      Customizable office suites for rent in a prime downtown location.
      633 N State St, Jackson, MS 39202
      View Details
    • $2,750 /Mo
      2,550 SF

      Remodeled Office and Shop Space

      Newly remodeled office and shop space for lease in Jackson.
      1030 Greymont St, Jackson, MS 39202
      View Details
    • Contact for pricing
      2,205 SF

      Retail Space in Jackson, MS

      Retail space available for lease in Jackson, Mississippi.
      1121 N Jefferson St, Jackson, MS 39202
      View Details
    • $637 /Mo

      Customizable Office Warehouse Space

      Modern, versatile office and warehouse spaces with prime location.
      810 Foley St, Jackson, MS 39202
      View Details
    • Contact for pricing
      5,236 SF

      Retail Space Available For Lease

      Retail property with 5236 square feet available for rent.
      680 Larson St, Jackson, MS 39202
      View Details
    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.
    146 Ash St
    Jackson, MS 39202
    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

    Thank You for Inquiry
    146 Ash St, Jackson, MS, 39202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!