Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1408 Ellis Ave Jackson, MS 39204-2200

    • Retail space
    • 6,310 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0262300
    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

    • Gina's Boutique / Clothing Store

    Property Details for 1408 Ellis Ave

    Year built
    1991
    Lot size
    0.30 lot acres
    Property size
    6,310 SF
    Property type
    Retail space
    APN
    0222 0022 000
    APU
    2220022000

    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
    Hinds
    State
    Mississippi
    Longitude
    -90.2275
    Latitude
    32.2939
    CBSA code
    27140
    CBSA name
    JACKSON, 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
    $6,032
    $5,024
    $26,333
    $31,357
    -
    $33,490
    $175,550
    $209,040

    Comparable in this City

    • Value Estimation by Request
      3,457 SF

      1315 Ellis Ave, Unit 35

      STORE, RETAIL OUTLET • 3,457 SF
      1315 Ellis Ave, Jackson, MS 39204-2202
      View Details
    • Value Estimation by Request
      3,500 SF

      411 Mcdowell Rd

      STORE, RETAIL OUTLET • 3,500 SF
      411 Mcdowell Rd, Jackson, MS 39204-5902
      View Details
    • Value Estimation by Request
      2,704 SF

      2899 Mcdowell Rd Ext

      STORE, RETAIL OUTLET • 2,704 SF
      2899 Mcdowell Rd Ext, Jackson, MS 39204-4239
      View Details
    • Value Estimation by Request
      3,045 SF

      1141 University Blvd

      STORE, RETAIL OUTLET • 3,045 SF
      1141 University Blvd, Jackson, MS 39204-3035
      View Details
    • Value Estimation
      $1,360,000
      9,802 SF

      2805 Greenway Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,802 SF
      2805 Greenway Dr, Jackson, MS 39204-3306
      View Details
    • Value Estimation by Request
      1,302 SF

      2010 Raymond Rd

      STORE, RETAIL OUTLET • 1,302 SF
      2010 Raymond Rd, Jackson, MS 39204-4130
      View Details

    Similar Nearby for Sale

    • $34,999
      1,660 SF

      Commercial Building in Jackson, MS

      Block building suitable for auto repair or laundry mat.
      1621 Topp Ave, Jackson, MS 39204
      View Details
    • $179,000
      5,610 SF

      Commercial Property on Highway 80

      High-traffic location suitable for restaurant, retail, or automotive businesses.
      1315 Highway 80 W, Jackson, MS 39204
      View Details
    • Contact for pricing

      Hinds County Retail/Warehouse Opportunity

      23,574 SF retail and warehouse space for sale.
      1919 Chadwick Dr, Jackson, MS 39204
      View Details
    • Contact for pricing
      23,574 SF

      Hinds County Commercial Property For Sale

      23,574 SF commercial property in Hinds County, Mississippi.
      1919 Chadwick Dr, Jackson, MS 39204
      View Details
    • $34,999
      1,660 SF

      Block Building For Sale

      Block building previously used as auto repair and laundry mat.
      1621 Topp Ave, Jackson, MS 39204
      View Details
    • $795,000

      Hinds County Commercial Opportunity

      23,574 SF commercial property near major transportation routes.
      1919 Chadwick Dr, Jackson, MS 39204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,380 SF

      Retail Space in Jackson, MS

      Retail space available for lease in Jackson, MS.
      1410 Ellis Ave, Jackson, MS 39204
      View Details
    • Contact for pricing

      Established Shopping Center For Rent

      Shopping center with high traffic volume available for rent.
      1400 Ellis Ave, Jackson, MS 39204
      View Details
    • Contact for pricing
      7,500 SF

      Office/Showroom/Warehouse/Distribution Space Available

      7500 SF Office/Warehouse centrally located near I-20 & I-55.
      719 S Gallatin St, Jackson, MS 39204
      View Details
    • $1,000 /Mo

      Highway 80 Office Space

      Architecturally distinct office space with high visibility and ample parking.
      1999 Highway 80 West, Jackson, MS 39204
      View Details
    • $5,850 /Mo
      19,000 SF

      Distribution Center in Jackson, MS

      Large distribution center with convenient access to major interstates.
      755 E Mcdowell Rd, Jackson, MS 39204
      View Details
    • Contact for pricing

      Centrally Located Industrial Facility

      Industrial facility with office space and easy highway access.
      510 Us-80, Jackson, MS 39204
      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.
    1408 Ellis Ave
    Jackson, MS 39204-2200
    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.
    Sign Up Successful!
    You now have access to more from Realmo!