Property profile

1500 Morrell St Jackson, MI 49203

OFF-MARKET
Office buildings
Property ID
US43-4196475
1,928 SF 0.48 ac lot Built 1958
Individually Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1958
Total area 1,928 SF
Lot 0.48 ac (20,996 SF)
Zoning code R-1
APN 3-0941.2000
UPID US43-4196475

Cap rate & NOI

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

Location

1500 Morrell St Jackson, MI 49203-1548
Jackson metro Census 800 JACKSON, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2020
Last sale
$149,000
1 recorded transaction
2020
$149,000

Zoning & alternative use

R-1 · Jackson, MI
Zoning description

Sec. 28-36. - R-1 one-family residential district. The R-1 one-family residential district is established for low to medium density single-family residential neighborhoods. The regulations are intended to stabilize, prot…

General category RESIDENTIAL

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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