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    Property profile & analytics

    1402 Jackson Ave Pascagoula, MS 39567-4350

    • Office buildings
    • 1,646 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2023
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence
    Property ID
    US50-0228322
    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

    • Trussell III John C CPA / Accountant

    Property Details for 1402 Jackson Ave

    Year built
    1940
    Lot size
    0.63 lot acres
    Property size
    1,646 SF
    Property type
    Office buildings
    APN
    41411123.000
    APU
    41411123000

    Description

    This exceptional commercial property, located at 1402 Jackson Avenue in Pascagoula, Mississippi, presents a unique investment opportunity. Boasting 1,646 square feet on a sizable 0.63-acre lot, the building enjoys a highly desirable location, fronting both Jackson Avenue and Convent Avenue. Its prime position places it within easy walking distance of the vibrant downtown area and directly on the Pascagoula Parade route, ensuring high visibility and foot traffic throughout the year. Previously utilized as an accountant's office, the property offers versatile space adaptable to a variety of commercial uses. A convenient driveway runs alongside the building, leading to ample parking at the rear. The generous lot size also allows for potential expansion, providing significant future development possibilities. This well-maintained building sits on a busy street in the heart of the business district, making it an ideal location for businesses seeking high visibility and accessibility. The combination of its size, location, and potential for growth makes this property a compelling investment opportunity in a thriving Mississippi community. The asking price is $219,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $241,000
      Market price range: $91.3k - $242k

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

    Location Insight

    • Map
    • Local Demand
    City
    Pascagoula
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.5506
    Latitude
    30.3648
    CBSA code
    25060
    CBSA name
    GULFPORT-BILOXI, MS 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
    2023
    $3,532
    $14,735
    $8,419
    $23,154
    -
    $98,230
    $56,126
    $154,356

    Comparable in this City

    • Value Estimation
      $260,000
      1,381 SF

      408 Convent Ave

      PROFESSIONAL BUILDING • 1,381 SF
      408 Convent Ave, Pascagoula, MS 39567-4101
      View Details
    • Value Estimation
      $265,000
      1,131 SF

      2315 Convent Ave

      PROFESSIONAL BUILDING • 1,131 SF
      2315 Convent Ave, Pascagoula, MS 39567-5182
      View Details
    • Value Estimation
      $255,000
      944 SF

      2314 Ingalls Ave

      OFFICE BUILDING • 944 SF
      2314 Ingalls Ave, Pascagoula, MS 39567-5858
      View Details
    • Value Estimation
      $270,000
      2,091 SF

      200 Krebs Ave

      OFFICE BUILDING • 2,091 SF
      200 Krebs Ave, Pascagoula, MS 39567
      View Details
    • Value Estimation
      $240,000
      1,740 SF

      2909 Magnolia St

      PROFESSIONAL BUILDING • 1,740 SF
      2909 Magnolia St, Pascagoula, MS 39567-4120
      View Details
    • Value Estimation by Request
      13,170 SF

      Pascagoula, MS 39567

      OFFICE BUILDING • 13,170 SF
      Pascagoula, MS 39567
      View Details

    Similar Nearby for Sale

    • $450,000
      10,598 SF

      2100 14Th St, Pascagoula, MS 39567

      Office Properties & Spaces • 10,598 SF
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      View Details
    • $79,000
      Pending

      Pascagoula Commercial Property For Sale

      Commercial property in Pascagoula, MS, ideal for small business.
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      Prime Retail Space, High Traffic Area
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    • $199,000

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      Large corner building with parking, suitable for multiple purposes.
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    • $399,500
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      Pascagoula Land For Sale

      Land available for purchase or lease in Pascagoula, Mississippi.
      3841 Market St, Pascagoula, MS 39567
      View Details
    • $149,900

      Mixed-Use Property For Sale

      Mixed-use property with parking in rear area on busy street.
      2128 Ingalls Ave, Pascagoula, MS 39567
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Remodeled Retail/Office Space Available

      Newly remodeled 3,000 SF space suitable for retail or office.
      1809 Denny Ave, Pascagoula, MS 39567
      View Details
    • $1,000 /Mo
      237 SF

      Renovated Executive Office Suites

      Modern office suites in Pascagoula's business district.
      912 Convent Ave Lot 5 #6 &, Pascagoula, MS 39567
      View Details
    • $15 SF/Yr
      1,621 SF

      Pascagoula Professional Building Office Space

      Office space in a renovated, centrally located professional building.
      1126 Jackson Ave, Pascagoula, MS 39567
      View Details
    • $1.00 SF/Yr
      18,500 SF

      Medical/Surgical Facility Near Hospital

      Ready-to-use medical facility near Singing River Health System’s Pascagoula Hospital.
      2406 Catalpa Ave, Pascagoula, MS 39567
      View Details
    • $1,800 /Mo
      1,500 SF

      Pascagoula Office Space For Rent

      Office space in prime Pascagoula location, suitable for various businesses.
      3664 14Th St, Pascagoula, MS 39567
      View Details
    • $350 /Mo
      89 SF

      Renovated Executive Office Suites

      Modern office suites in Pascagoula's thriving business district.
      912 Convent Ave, Pascagoula, MS 39567
      View Details
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    1402 Jackson Ave
    Pascagoula, MS 39567-4350
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    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
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