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240 Maddox Rd Jackson, MS 39212-2312

OFF-MARKET Investment properties Google Maps
2,344 SF 0.99 ac lot Built 1985
Individually Owned 22-yr Hold Free & Clear
Estimated value (blended)
$210k
Range $189k – $231k (±10%)
Property ID US50-0392071

Property summary

AI-generated overview

This exceptional commercial property, situated at 240 Maddox Road in Jackson, Mississippi, presents a unique investment opportunity. The 2,600 square foot building sits on a spacious 1.02-acre lot, providing ample room for future expansion and development. The property boasts a strategic location, just 0.2 miles from Highway 18 and 2 miles from I-20, ensuring convenient access to major transportation arteries. The building comprises 1,600 square feet of well-appointed office space, featuring a practical kitchenette, a bathroom, and 10-foot drop-down ceilings, creating a functional and modern workspace. In addition to the office area, the property includes approximately 723 square feet of warehouse space, strategically divided into zones with ceiling heights ranging from 10 to over 12 feet, accommodating diverse storage and operational needs. A substantial 10' x 10' loading door facilitates easy access for large deliveries, including 18-wheeler trucks. The property also features a large parking lot, providing ample space for employees and clients. C-2 zoning allows for a variety of commercial uses, making this property an ideal choice for businesses seeking flexibility and growth potential. This combination of office and warehouse space, coupled with its prime location and ample land, makes this property a highly desirable investment. The asking price is $220,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 2,344 SF
Lot 0.99 ac (43,199 SF)
APN 0835 0097 003
UPID US50-0392071

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2004
1 recorded transaction
2004
Price N/A

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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