Technical
Financial
Distress signals
Property profile

2550 Medgar Evers Blvd Jackson, MS 39213

FOR SALE
Warehouses
Property ID
US50-0306503
41,454 SF 3.74 ac lot Built 1967
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5.1-acre parcel, identified as APN 401-27, -30, is situated at 2550 Medgar Evers Blvd in Jackson, Mississippi, zip code 39213. Zoned for Light Industrial use, this property presents a unique redevelopment opportunity within the vibrant city of Jackson. The land is part of the JPS Repurposing Initiative, a city program designed to revitalize underutilized properties and contribute to the growth of Jackson's neighborhoods. This initiative aims to transform surplus and undeveloped land into valuable assets, fostering economic development and community improvement. The property's location offers excellent access to major transportation routes and amenities, making it an attractive prospect for various industrial uses. With its substantial size and strategic location within the Light Industrial District, this parcel is ideally suited for businesses seeking to establish or expand their operations in a thriving urban environment. The potential for development is significant, offering a chance to contribute to the ongoing revitalization efforts in Jackson while securing a valuable asset in a rapidly growing market. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a large parcel of land in a prime location within the JPS Repurposing Initiative.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Construction TYPE NOT SPECIFIED
Total area 41,454 SF
Lot 3.74 ac (163,075 SF)
APN 0401 0027 000
UPID US50-0306503

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • School District Office

Location

2550 Medgar Evers Blvd Jackson, MS 39213
Jackson metro Census 1100 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$515k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $3.3M +60.3%
Office building $3.0M +42.6%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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