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Property profile & analytics
OFF-MARKET Estimated value $1,440,000
Automotive properties

430 State St Jackson, MS 39201-5019

23,410 SF 1.15 ac lot Built 1945
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US50-0148136
Property summary
AI-generated overview

This exceptional Class B warehouse, located at 430 S State Street in Jackson's vibrant downtown, presents a unique investment opportunity. Boasting a total of 23,256 square feet across two suites within a single, one-story building, this property offers 3,897 square feet of immediately available space. Built in 1945 and extensively renovated in 2022, the building features five dock-high doors, ensuring efficient loading and unloading. The property sits on a sizable 1.153 acres of land (50,208 square feet), providing ample space for operations and potential expansion. With 75 total parking spaces, this location is well-suited for businesses requiring substantial parking for employees and clients. The strategic location on the corner of State and Court Streets, on the southern edge of the Business Improvement District, benefits from high visibility and significant traffic volume exceeding 5,200 cars daily. Its proximity to the Old Capital Building, the Pearl Street exit from I-55, and the United States Court House further enhances its appeal. The C-3 zoning provides flexibility for a variety of commercial uses. This property offers a blend of historical charm and modern functionality, making it an ideal choice for businesses seeking a prominent downtown Jackson location.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1945
Total area 23,410 SF
Lot 1.15 ac (49,920 SF)
APN 0194 0004 000
UPID US50-0148136
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ceva green development Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.44M
Owner & transaction history
Nerhus Properties LLC · 8 yrs held
Nerhus Properties LLC
since 2018
4 recorded transactions
2022
Price N/A
2018
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.9M +28.3%
Commercial (general) $1.7M +18.8%
Retail stores $1.7M +14.2%
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