Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1300 Lewis St Jackson, MI 49203-3324

    • Auto shops
    • 2,990 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1697889
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 1300 Lewis St

    Lot size
    0.43 lot acres
    Property size
    2,990 SF
    Zone code
    R-1
    Property type
    Auto shops
    APN
    6-165600000
    APU
    6165600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.3875
    Latitude
    42.237
    CBSA code
    27100
    CBSA name
    JACKSON, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,820 SF

      1807 Lewis St

      AUTO REPAIR, GARAGE • 1,820 SF
      1807 Lewis St, Jackson, MI 49203-3329
      View Details
    • Value Estimation by Request
      2,800 SF

      2335 Enterprise St

      AUTO REPAIR, GARAGE • 2,800 SF
      2335 Enterprise St, Jackson, MI 49203-3463
      View Details
    • Value Estimation by Request
      14,028 SF

      3640 Page Ave

      AUTO REPAIR, GARAGE • 14,028 SF
      3640 Page Ave, Jackson, MI 49203-2322
      View Details
    • Value Estimation by Request
      5,054 SF

      955 Es St

      AUTO REPAIR, GARAGE • 5,054 SF
      955 Es St, Jackson, MI 49203-4404
      View Details
    • Value Estimation
      $410,000
      12,846 SF

      735 Es St

      AUTO REPAIR, GARAGE • 12,846 SF
      735 Es St, Jackson, MI 49203-4402
      View Details
    • Value Estimation by Request
      4,200 SF

      2336 Brooklyn Rd

      AUTO REPAIR, GARAGE • 4,200 SF
      2336 Brooklyn Rd, Jackson, MI 49203-4977
      View Details

    Similar Nearby for Sale

    • $130,000
      1,984 SF

      Versatile Commercial Property on Spacious Lot

      Adaptable commercial property on 0.6-acre lot with ample storage.
      3010 Francis St, Jackson, MI 49203
      View Details
    • $270,000
      903 SF

      Retail Opportunity in Jackson, MI

      Retail property for sale in Jackson, Michigan with 903 SF.
      2400 Page Ave, Jackson, MI 49203
      View Details
    • $250,000
      4,164 SF

      Versatile Commercial Property on 0.81 Acres

      Commercial property with high-visibility, flexible zoning, and redevelopment potential.
      3306 Francis St, Jackson, MI 49203
      View Details
    • $185,000
      3,700 SF

      Versatile Commercial Property with Live/Work

      Commercial property featuring salon-ready space and a convenient live/work setup.
      106 Parkway St, Jackson, MI 49203
      View Details
    • $75,000
      1.00 Acre

      Established Computer Shop Business Opportunity

      Profitable computer shop business for sale in Jackson, Michigan.
      900 Horton Rd, Jackson, MI 49203
      View Details
    • $250,000
      4,164 SF

      Jackson Retail Building For Sale

      Retail property in Jackson, MI, featuring 4164 square feet.
      3306 Francis St, Jackson, MI 49203
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      26,000 SF

      Prime Jackson Office Space

      4,300 SF Executive Office Suite Available
      111 Prospect St, Jackson, MI 49203
      View Details
    • $700 /Mo
      1,728 SF

      Retail Building Near Downtown

      Retail building with offices and conference room near downtown.
      604 Greenwood Pl, Jackson, MI 49203
      View Details
    • $950 /Mo
      1,500 SF

      Retail Space in Jackson, MI

      Retail property available for lease in Jackson, Michigan.
      1826 Horton Rd, Jackson, MI 49203
      View Details
    • $13 SF/Yr
      1,300 SF

      Retail Space in Summit Oaks

      Retail space available in well-located Jackson shopping center.
      2119-2161 Ferguson Rd, Jackson, MI 49203
      View Details
    • $2,000 /Mo
      3,200 SF

      Versatile Commercial Space for Lease

      2400 sq ft warehouse with 800 sq ft office.
      444 E Prospect St, Jackson, MI 49203
      View Details
    • $950 /Mo
      1,500 SF

      Retail Space in Summit Township

      Retail space for lease in prime Summit Township location.
      1826 Horton Rd, Jackson, MI 49203
      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.
    1300 Lewis St
    Jackson, MI 49203-3324
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.