Property profile

500 Martin Luther King Jr Dr Jackson, MI 49201

OFF-MARKET
Office buildings
Property ID
US43-0932799
3,504 SF 0.19 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 3,504 SF
Lot 0.19 ac (8,320 SF)
Zoning code R-4
APN 7-006700000
UPID US43-0932799

Cap rate & NOI

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

Location

500 Martin Luther King Jr Dr Jackson, MI 49201-1456
Jackson metro Census 200 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2024
Last sale
$124,900
5 recorded transactions
2024
Price N/A
2024
Price N/A
2023
Price N/A
2023
$124,900
2023
$14,750

Zoning & alternative use

R-4 · Jackson, MI
Zoning description

Sec. 28-39. - R-4 high density apartment and office district. The high density apartment and office district is established for high density residential uses located close to the central business district. The district p…

General category RESIDENTIAL

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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