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    330 Judy St Jackson, MS 39212
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    330 Judy St, Jackson, MS 39212

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    • Schools
    • 28,700 SF
    For Sale
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    Former School Building For Sale For Sale
    Contact for pricing
    28,700 SF

    Former School Building For Sale

    28,700 SF single-story building, formerly Shirley Elementary School.

    330 Judy St, Jackson, MS 39212
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    Property ID
    US50-0408234
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shirley Elementary School / High School

    Property Details for 330 Judy St

    Property type
    Schools
    Property subtype
    Commercial real estate

    Description

    Single story, 28,700 SF building formerly Shirley Elementary School (Jackson Public Schools). This property is part of the JPS Repurposing Initiative. The initiative was created to help promote the reuse and redevelopment of the JPS surplus school sites. The primary goal is to spur redevelopment of surplus and undeveloped properties, ensuring that they are transformed into valuable assets that contribute to the growth and prosperity of Jackson’s neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.2212766
    Latitude
    32.2434079

    Comparable in this City

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      Raymond Road Acreage with Airstrip

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    • $49,000
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      Commercial Property with Endless Potential

      Versatile commercial property suitable for retail, office, or event space.
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    • $69,000
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      Commercial Building in High-Visibility Location

      Commercial building with barber/salon tenant and auto detailing business.
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    • $220,000
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      Jackson Office & Warehouse Space

      Prime Location, Versatile Commercial Property
      240 Maddox Rd, Jackson, MS 39212
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    • $120,000
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      One Acre Lot Near I-55S

      One acre of commercial land near I-55S in Jackson.
      420 Savanna St, Jackson, MS 39212
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    • $500,000
      50,000 SF

      High-Visibility Commercial Opportunity in Jackson

      Expansive commercial building for sale at unbeatable price.
      2861 Terry Rd, Jackson, MS 39212
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    Similar Nearby for Sale

    • $349,900
      95.00 Acres

      Raymond Road Acreage with Airstrip

      95+/- acres with creek, ponds, airstrip, and workshop.
      Raymond 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
    • $69,000
      601 SF

      Commercial Building in High-Visibility Location

      Commercial building with barber/salon tenant and auto detailing business.
      270 Maddox Rd, Jackson, MS 39212
      View Details
    • $220,000
      2,600 SF

      Jackson Office & Warehouse Space

      Prime Location, Versatile Commercial Property
      240 Maddox Rd, Jackson, MS 39212
      View Details
    • $120,000
      1.00 Acre

      One Acre Lot Near I-55S

      One acre of commercial land near I-55S in Jackson.
      420 Savanna St, Jackson, MS 39212
      View Details
    • $500,000
      50,000 SF

      High-Visibility Commercial Opportunity in Jackson

      Expansive commercial building for sale at unbeatable price.
      2861 Terry Rd, Jackson, MS 39212
      View Details

    Similar Nearby for Lease

    • New
      $3,150 /Mo
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      Retail Space in Jackson, MS

      Retail spaces available in established shopping center on Raymond Road.
      2106 Raymond Rd, Jackson, MS 39212
      View Details
    • $3,150 /Mo

      Retail Space in Jackson Center

      Prime retail spaces available in established Jackson neighborhood center.
      2106 Raymond Rd, Jackson, MS 39212
      View Details
    • New
      $6 SF/Yr
      18,731 SF

      Prime Commercial Outparcel Ground Lease

      0.43 acre outparcel ground lease opportunity in Jackson, Mississippi.
      2101 Raymond Rd, Jackson, MS 39212
      View Details
    View Listing
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    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.

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