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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2861 Terry Rd Jackson, MS 39212

    • Grocery and convenience stores
    • 56,532 SF
    • 5.06 lot acres
    For Sale
    View listing
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0310158
    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

    • Food Depot / Grocery Store
    • Amvets Drop Box / Donations Center
    • Greenbriar Shopping Center / Shopping Mall
    • Coin Cloud Bitcoin ATM / Currency Exchange Service / Kiosk

    Property Details for 2861 Terry Rd

    Year built
    1997
    Lot size
    5.06 lot acres
    Property size
    56,532 SF
    Property type
    Grocery and convenience stores
    APN
    0614 0001 000
    APU
    6140001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,135,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,100,000
      Market price range: $2.10M - $5.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2196
    Latitude
    32.2678
    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
    $27,164
    $67,823
    $73,401
    $141,224
    -
    $452,150
    $489,340
    $941,490

    Comparable in this City

    • Value Estimation
      $1,790,000
      54,978 SF

      3520 Terry Rd

      GROCERY, SUPERMARKET • 54,978 SF
      3520 Terry Rd, Jackson, MS 39212-4943
      View Details
    • Value Estimation
      $785,000
      23,865 SF

      835 Cooper Rd

      GROCERY, SUPERMARKET • 23,865 SF
      835 Cooper Rd, Jackson, MS 39212-4019
      View Details
    • Value Estimation by Request
      6,635 SF

      3790 Frst Hl Rd

      STORE, RETAIL OUTLET • 6,635 SF
      3790 Frst Hl Rd, Jackson, MS 39212-4403
      View Details
    • Value Estimation by Request
      2,950 SF

      3387 Terry Rd

      STORE, RETAIL OUTLET • 2,950 SF
      3387 Terry Rd, Jackson, MS 39212-4987
      View Details
    • Value Estimation by Request
      5,275 SF

      3165 Terry Rd

      STORE, RETAIL OUTLET • 5,275 SF
      3165 Terry Rd, Jackson, MS 39212-2944
      View Details
    • Value Estimation by Request
      4,940 SF

      3130 Terry Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,940 SF
      3130 Terry Rd, Jackson, MS 39212-2943
      View Details

    Similar Nearby for Sale

    • $500,000
      5.00 Acres

      Large Retail Building For Sale

      50,000+ sq ft building on high-visibility corner in Jackson, MS.
      2861 Terry Rd, Jackson, MS 39212
      View Details
    • $49,000
      1,888 SF

      Commercial Property with Endless Potential

      Versatile commercial property suitable for retail, office, or event space.
      4517 Terry Rd, Jackson, MS 39212
      View Details
    • $750,000
      20,000 SF

      High-Traffic Jackson Retail Center

      Prime Terry Road location, multi-tenant retail space.
      3501 Terry Rd, Jackson, MS 39212
      View Details
    • $2,520,677
      13,905 SF

      Prime Jackson Walgreens Investment

      High-yield retail property, vacant, strong cap rate.
      3445 Terry Rd, Jackson, MS 39212
      View Details
    • $75,000
      2,540 SF

      Retail/Office Space in Jackson

      Commercial property suitable for retail or office use.
      2815 Suncrest Dr, Jackson, MS 39212
      View Details
    • $499,800

      Profitable Oil Change Business Opportunity

      Established oil change business with real estate and expansion potential.
      4197 Terry Rd, Jackson, MS 39212
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      26,516 SF

      Retail Space in Kroger Anchored Center

      26,516 SF retail space in Jackson, Mississippi available for lease.
      4910 Highway Dr N, Jackson, MS 39212
      View Details
    • $4 SF/Yr
      14,740 SF

      Jackson Retail Center Investment Opportunity

      High-traffic retail & warehouse space in Jackson, MS
      4611 Terry Rd, Jackson, MS 39212
      View Details
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    2861 Terry Rd
    Jackson, MS 39212
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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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