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Property profile & analytics
FOR SALE
Manufacturing properties

1369 College Hill Dr Jackson, MS 39209

7,040 SF 12.69 ac lot Built 1971
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US50-0271858
Property summary
AI-generated overview

This 7,000 square foot industrial warehouse, situated on a spacious 9.68-acre wooded lot in Jackson, Mississippi, presents a compelling value-add investment opportunity. Located at 1369 College Hill Dr, Jackson, MS 39209, this property offers significant potential for expansion. The building's history includes use as a sheet metal and welding fabricator shop, and it currently features office space, a reception area, and two restrooms. The asking price is $349,000. The property benefits from readily available natural gas. Furthermore, the roof and roof blanket insulation were replaced in 2014, eliminating any leakage concerns. This property is ideal for investors seeking to capitalize on the growing industrial market in Jackson, Mississippi's capital city and most populous area. The expansive lot size provides ample room for future development or expansion of the existing structure. This is a rare opportunity to acquire a well-maintained industrial property with significant upside potential in a prime location. Serious inquiries are encouraged.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 7,040 SF
Lot 12.69 ac (552,776 SF)
APN 0808 0028 001
UPID US50-0271858
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Groves Sheet Metal Inc Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David Michael Spradlin · 3 yrs held
David Michael Spradlin
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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