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    Property profile & analytics

    1777 Ellis Ave Jackson, MS 39204-3616

    • Medical Office Space
    • 7,554 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0407310
    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

    • Michael Lucas Brasel / Physician

    Property Details for 1777 Ellis Ave

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    7,554 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0220 0068 000
    APU
    2200068000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $667,000
      Market price range: $293k - $798k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $550,000
      Current use
      RESTAURANT
      $835,000
      Change: +52% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $790,000
      Change: +44% Conversion: Easy
      OFFICE BUILDING
      $765,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $630,000
      Change: +15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $585,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2276
    Latitude
    32.2839
    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
    $15,772
    $5,355
    $76,640
    $81,995
    -
    $35,700
    $510,930
    $546,630

    Comparable in this City

    • Value Estimation by Request
      2,922 SF

      5417 Robinson Rd Ext

      MEDICAL CLINIC • 2,922 SF
      5417 Robinson Rd Ext, Jackson, MS 39204-4138
      View Details
    • Value Estimation
      $1,120,000
      15,352 SF

      1480 Raymond Rd

      MEDICAL CLINIC • 15,352 SF
      1480 Raymond Rd, Jackson, MS 39204-4353
      View Details
    • Value Estimation by Request
      2,858 SF

      1988 Mcdowell Rd

      MEDICAL CLINIC • 2,858 SF
      1988 Mcdowell Rd, Jackson, MS 39204-4216
      View Details
    • Value Estimation by Request
      3,724 SF

      2174 Henry Hl Dr

      MEDICAL BUILDING • 3,724 SF
      2174 Henry Hl Dr, Jackson, MS 39204-2028
      View Details
    • Value Estimation
      $575,000
      5,560 SF

      1635 Raymond Rd

      MEDICAL CLINIC • 5,560 SF
      1635 Raymond Rd, Jackson, MS 39204-4204
      View Details
    • Value Estimation
      $1,395,000
      19,155 SF

      1129 Langley Ave

      MEDICAL BUILDING • 19,155 SF
      1129 Langley Ave, Jackson, MS 39204-3115
      View Details

    Similar Nearby for Sale

    • $430,000

      Established Medical Office Opportunity

      5,000 SF medical office with 14 exam rooms for sale.
      1814 Hospital Dr, Jackson, MS 39204
      View Details
    • $62,000
      2,220 SF

      Commercial Property with Kennels

      Mixed-use commercial property suitable for various business purposes.
      1348 W Mcdowell Rd, Jackson, MS 39204
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    • $450,000
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      Jackson Office Building Investment

      1,260 SF Office, Stable Tenant, High ROI
      2425 Us-80, Jackson, MS 39204
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    • $825,090
      23,574 SF

      Jackson Warehouse: Prime Location

      23,574 SF Warehouse, Excellent Condition
      1919 Chadwick Dr, Jackson, MS 39204
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    • $300,000
      6.31 Acres

      Jackson Industrial Land - Greenway Dr

      6.31 Acres, I-2 Zoning, $300K
      0 Greenway Dr, Jackson, MS 39204
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    • Contact for pricing

      Corner Lot Commercial Land

      Commercial land with water and sewer access near new Wal-Mart.
      Greenway Drive Ext, Jackson, MS 39204
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    Similar Nearby for Lease

    • $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
    • $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
    • $5,000 /Mo
      35,900 SF

      Industrial Complex on Interstate 20

      35,900 SF industrial complex with I-20 frontage for lease.
      5090 S Mcraven Rd, 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
    • $5,250 /Mo
      19,000 SF

      Distribution Center in Jackson, MS

      Large distribution center with showroom, offices, and warehouse space.
      755 E Mcdowell Rd, 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
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    1777 Ellis Ave
    Jackson, MS 39204-3616
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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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