755 Stonewall St Jackson, MS 39213
- Commercial real estate
- 22,616 SF
- 1.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 755 Stonewall St
- Year built
- 1972
- Construction
- WOOD
- Lot size
- 1.19 lot acres
- Property size
- 22,616 SF
- Property type
- Commercial real estate
- APN
- 0103 0046 000
- APU
- 1030046000
Description
This exceptional 22,500-square-foot industrial property, situated on a 3.5-acre lot at 755 Stonewall Street in Jackson, MS 39213, offers a unique blend of office and warehouse space. The single-tenant building, constructed in 1973 and extensively renovated in 2019, boasts a modern TPO roof system and a new HVAC system for both office and warehouse areas. The office space, totaling 5,300 square feet, features concrete block and brick construction, and includes executive offices with private restrooms, a conference room, a lounge/breakroom, and two additional office restrooms. The warehouse area, encompassing 17,200 square feet, is constructed with tilt-up concrete walls and features an 18-foot ceiling, a 6-inch thick concrete floor slab, and two unique concrete vault rooms, one with a functioning bank vault door. Loading capabilities are substantial, with five loading docks, three dock-high doors, and two exterior electric delivery area doors (drive-in ramp compatible). The property benefits from a robust 3-phase, 480v electrical infrastructure (minimum 1200 amps), wired for a backup generator. Exterior improvements include a repaved and striped parking lot (2021), new LED motion-activated warehouse lighting (2020), and a new security system. The entire 3.5-acre site is fenced. The property is zoned I-1 and its convenient location in the Jackson metro area, near major hospitals and the Fondren District, makes it highly desirable. The monthly lease rate is $11,500 modified gross. The Hinds County APN is 103-46.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $620,000
- 6.5%
- $610,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $625,000
- Geo Method
- $610,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $525,000
- Mixed-Use
- $635,000
- Hospitality
- $605,000
- Educational
- $615,000
- Residential Income
- $645,000
- Energy
- $545,000
- Income-Based Land
- $535,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Hinds
- State
- Mississippi
- Longitude
- -90.1922
- Latitude
- 32.3358
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA