Property profile

505 Ave Jackson, MI 49201

OFF-MARKET
Grocery and convenience stores
Property ID
US43-4212507
1,806 SF 0.54 ac lot Built 1969
Entity Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1969
Total area 1,806 SF
Lot 0.54 ac (23,566 SF)
Zoning code C-2
APN 2-101100000
UPID US43-4212507

Cap rate & NOI

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

Location

505 Ave Jackson, MI 49201-1038
Jackson metro Census 100 JACKSON, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$180k

Owner & transaction history

since 2011
7 recorded transactions
2011
Price N/A
2010
$155,000
2009
Price N/A
2007
Price N/A
2006
$800,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Jackson, MI
Zoning description

Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district,…

General category COMMERCIAL

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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