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    Property profile & analytics

    1700 University Blvd Jackson, MS 39204-3907

    • Shopping centers
    • 37,242 SF
    • 9.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0316939
    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

    • Twisted Family Fitness, LLC / Gym & Fitness Center
    • The Seafood Shack / Specialty Food Shop / Fish Market
    • Magic Mike's Place LLC / Bar & Pub / Restaurant
    • LendNation / Loan Service
    • We Can Print That / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 1700 University Blvd

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.06 lot acres
    Property size
    37,242 SF
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    0166 0005 003
    APU
    1660005003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,303,000
      Market price range: $674k - $1.30M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,015,000
      Current use
      WAREHOUSE, STORAGE
      $1,700,000
      Change: +67% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2066
    Latitude
    32.2838
    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
    $58,292
    $95,156
    $207,894
    $303,050
    -
    $634,370
    $1,385,960
    $2,020,330

    Comparable in this City

    • Value Estimation
      $630,000
      29,440 SF

      1990 Hwy 80th W

      SHOPPING CENTER COMMON AREA • 29,440 SF
      1990 Hwy 80th W, Jackson, MS 39204
      View Details
    • Value Estimation by Request
      8,281 SF

      1750 Ellis Ave, Unit 70

      SHOPPING CENTER COMMON AREA • 8,281 SF
      1750 Ellis Ave, Jackson, MS 39204-3611
      View Details
    • Value Estimation by Request
      16,863 SF

      129 Mcdowell Rd, Unit 45

      SHOPPING CENTER COMMON AREA • 16,863 SF
      129 Mcdowell Rd, Jackson, MS 39204-5719
      View Details
    • Value Estimation
      $570,000
      23,823 SF

      1817 University Blvd, Unit 35

      SHOPPING CENTER COMMON AREA • 23,823 SF
      1817 University Blvd, Jackson, MS 39204-5008
      View Details
    • Value Estimation by Request
      10,650 SF

      1528 Raymond Rd, Unit 38

      SHOPPING CENTER COMMON AREA • 10,650 SF
      1528 Raymond Rd, Jackson, MS 39204-4201
      View Details
    • Value Estimation
      $2,800,000
      243,245 SF

      2505 Frontage Rd

      SHOPPING CENTER COMMON AREA • 243,245 SF
      2505 Frontage Rd, Jackson, MS 39204
      View Details

    Similar Nearby for Sale

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      Commercial Property with Kennels

      Mixed-use commercial property suitable for various business purposes.
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      Versatile Facility in Jackson, MS

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    • $299,000
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      University Boulevard Commercial Opportunity

      Gas station with tanks and pumps, remodel potential.
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      Jackson Warehouse: Prime Location

      23,574 SF Warehouse, Excellent Condition
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      Commercial Property on Highway 80

      High-traffic location suitable for restaurant, retail, or automotive businesses.
      1315 Highway 80 W, Jackson, MS 39204
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    Similar Nearby for Lease

    • Contact for pricing
      2,300 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
      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
    • $5,250 /Mo

      Distribution Center Near Interstates

      Distribution center with offices, kitchen, dock doors, and parking.
      755 E Mcdowell Rd, Jackson, MS 39204
      View Details
    • $36 SF/Yr
      7,248 SF

      Prime Office/Warehouse Opportunity

      7,248 SF Office & Warehouse, I-55 Access
      920 Mcdowell Rd, Jackson, MS 39204
      View Details
    • $4 SF/Yr
      44,619 SF

      Renovated Industrial Spaces in Jackson

      Multiple industrial spaces for lease in Downtown Jackson.
      407 Guidici St, Jackson, MS 39204
      View Details
    • $5 SF/Yr
      21,292 SF

      Jackson Industrial Warehouse For Lease

      21,292 SF Warehouse, Flex Space Available
      510 Us-80, Jackson, MS 39204
      View Details
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    1700 University Blvd
    Jackson, MS 39204-3907
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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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