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    4611 Terry Rd Jackson, MS 39212-5646
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    Property profile & analytics

    4611 Terry Rd, Jackson, MS 39212-5646

    View on Map
    • Shopping centers
    • 15,281 SF
    • 2.01 lot acres
    Off-Market
    Property ID
    US50-0203350
    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

    • All-in-one barbershop / Barber Shop
    • Heads Up Family Hair Care / Barber Shop
    • Elton Place / Shopping Center & Mall
    • Rage Room Jackson, Mississippi / Gym & Fitness Center / Sports Field & Court
    • Alterations By Myoung / (Bike/Boat/Book/etc) Store

    Property Details for 4611 Terry Rd

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.01 lot acres
    Property type
    Shopping centers
    Property subtype
    Shopping centers
    APN
    0873 0445 002
    APU
    8730445002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2023 — Estes Holdings LLC — Deed · related $230k · Bankplus
    Nov 1, 1988 — Owner Name Unavailable — Warranty Deed · related —
    Apr 20, 1988 — Owner Name Unavailable — Warranty Deed · related —

    Description

    This exceptional commercial property, located at 4611 Terry Road in Jackson, Mississippi, presents a unique investment opportunity. The 14,740 square foot building, constructed in 1989 and classified as Class B, offers a versatile mix of retail and warehouse space. Currently, there is 5,000 square feet of vacant warehouse space available, providing immediate potential for expansion or lease income. In addition to the warehouse, there is existing retail space totaling 1,400 square feet. The property sits on a 2-acre lot, providing ample space for parking and potential future development. Its strategic location just off I-55, at the intersection of Elton Road and Terry Road, ensures high visibility and accessibility. The property's proximity to the Byram area further enhances its appeal to a wide range of businesses. This multi-tenant property in Hinds County, zip code 39212, offers a blend of established retail and readily available warehouse space, making it an ideal investment for both short-term and long-term growth. The property's size and location make it suitable for a variety of uses, presenting a strong return on investment potential. Detailed financial information is available upon request.

    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
    Hinds
    State
    Mississippi
    Longitude
    -90.2411
    Latitude
    32.2224
    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
    $7,524
    $19,602
    $19,514
    $39,116
    -
    $130,680
    $130,090
    $260,770

    Comparable in this City

    • Value Estimation by Request
      10,442 SF

      Cooper Rd

      SHOPPING CENTER COMMON AREA
      Cooper Rd, Jackson, MS 39212
      View Details
    • Value Estimation
      $925,000
      49,883 SF

      3360 Terry Rd, Unit 66

      SHOPPING CENTER COMMON AREA
      3360 Terry Rd, Jackson, MS 39212-4953
      View Details
    • Value Estimation by Request
      9,984 SF

      2570 Siwell Rd

      SHOPPING CENTER COMMON AREA
      2570 Siwell Rd, Jackson, MS 39212-3335
      View Details
    • Value Estimation
      $510,000
      18,947 SF

      2106 Raymond Rd, Unit 8

      SHOPPING CENTER COMMON AREA
      2106 Raymond Rd, Jackson, MS 39212-2300
      View Details
    • Value Estimation
      $560,000
      27,102 SF

      820 Cooper Rd

      SHOPPING CENTER COMMON AREA
      820 Cooper Rd, Jackson, MS 39212-4099
      View Details
    • Value Estimation by Request
      3,122 SF

      2570 Siwell Rd

      SHOPPING CENTER COMMON AREA
      2570 Siwell Rd, Jackson, MS 39212-3335
      View Details

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    Similar Nearby for Lease

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      Prime retail spaces available in established Jackson neighborhood center.
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    Jackson, MS 39212-5646
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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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