Property profile

1041 Hurst Rd Jackson, MI 49201

OFF-MARKET
Warehouses
Property ID
US43-4195767
37,944 SF 4.01 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 37,944-square-foot industrial property, located at 1041 Hurst Road in Jackson, Michigan, presents a compelling investment opportunity. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $164,677, supported by a 100% occupancy rate. Currently leased to a single tenant under a seven-year NNN lease commencing August 2024, this asset offers predictable cash flow and long-term stability. Built in 1974 and extensively renovated in 2023, the building features a single story, 18-foot ceiling height, five loading docks, and one dock-high door. Recent improvements totaling $250,000 include LED lighting upgrades, new interior warehouse painting, new hardwood flooring in the office, new kitchen cabinets, exterior light replacement, and a power upgrade to 220V at each post. The property sits on over four acres of land, offering ample space and potential for future expansion. Its strategic location within one mile of the Jackson County Airport and directly adjacent to I-94 and M-60 provides excellent access to major transportation routes. The asking price is $2,058,000, translating to a price per square foot of $54.24. The property's parcel number is 000-08-31-304-006-00. This is a rare opportunity to acquire a high-performing industrial asset in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 37,944 SF
Lot 4.01 ac (174,676 SF)
Zoning code I-1
APN 000-08-31-304-006-00
UPID US43-4195767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1041 Hurst Rd Jackson, MI 49201-8905
Jackson metro Census 5502 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2019
1 recorded transaction
2019
$1.4M

Zoning & alternative use

I-1 · Jackson, MI
Zoning description

Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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