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    5741 Terry Rd Jackson, MS 39272
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    5741 Terry Rd Jackson, MS 39272

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    • Commercial real estate
    Off-Market
    Property ID
    US50-0219653
    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

    • Commercial real estate

    Property Details for 5741 Terry Rd

    Property type
    Commercial real estate

    Description

    This exceptional 1.54-acre commercial lot presents a remarkable investment opportunity in the thriving Byram, Mississippi commercial district. Located at 5741 Terry Rd, Jackson, MS 39272, this property boasts a highly desirable C-3 General Commercial zoning designation, offering a wide array of permitted uses. The land is conveniently situated just north of the intersection of Terry Road and Siwell Road, ensuring excellent visibility and accessibility for potential businesses. With a land value of $2.90 per square foot, this property represents a compelling price point for developers and investors seeking a strategic location in a growing market. The C-3 zoning allows for a diverse range of commercial ventures, including but not limited to: daycares, dry cleaners, hotels, restaurants, grocery stores, pharmacies, retail establishments, medical and veterinary clinics, and many other conditional uses. This prime location offers significant potential for high returns, making it an ideal choice for those seeking to establish a new business or expand an existing one. The property's size and zoning flexibility provide ample opportunity for creative development and adaptation to a variety of commercial needs. Don't miss this chance to acquire a highly sought-after commercial parcel in a dynamic and rapidly developing area. Contact us today to learn more about this exceptional opportunity.

    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
    -90.258429
    Latitude
    32.189242

    Comparable in this City

    • Contact for pricing

      Retail Opportunity I-55 Frontage Road

      Retail land available along I-55 South Frontage Road.
      I-55 South Frontage Rd, Byram, MS 39272
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    • $475,000
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      3 Acres Corner Lot Land

      3-acre corner lot with high visibility, zoned C-3.
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    • $249,000
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      Commercial Land in Prime Location

      Highly visible commercial land near major retail and busy intersection.
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      Commercial Land in Byram District

      Commercial land parcel in Byram's commercial district, excellent investment opportunity.
      123 Southpointe Dr, Byram, MS 39272
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      Land For Development Near Walmart

      Commercial land available across from Walmart in Byram, Mississippi.
      5820 Terry Rd, Byram, MS 39272
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      Byram Commercial Land For Sale

      8.59 acre commercial property with frontage and highway access.
      Interstate 55, Byram, MS 39272
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    Similar Nearby for Sale

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      Retail Opportunity I-55 Frontage Road

      Retail land available along I-55 South Frontage Road.
      I-55 South Frontage Rd, Byram, MS 39272
      View Details
    • $475,000
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      3 Acres Corner Lot Land

      3-acre corner lot with high visibility, zoned C-3.
      502 Bound Rd, Jackson, MS 39272
      View Details
    • $249,000
      2.40 Acres

      Commercial Land in Prime Location

      Highly visible commercial land near major retail and busy intersection.
      Terry Rd, Byram, MS 39272
      View Details
    • Contact for pricing

      Commercial Land in Byram District

      Commercial land parcel in Byram's commercial district, excellent investment opportunity.
      123 Southpointe Dr, Byram, MS 39272
      View Details
    • $1,490,000

      Land For Development Near Walmart

      Commercial land available across from Walmart in Byram, Mississippi.
      5820 Terry Rd, Byram, MS 39272
      View Details
    • $750,000
      8.59 Acres

      Byram Commercial Land For Sale

      8.59 acre commercial property with frontage and highway access.
      Interstate 55, Byram, MS 39272
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    Similar Nearby for Lease

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      Retail Space Next to Grocery

      Retail suite available in grocery-anchored shopping center in Byram, MS.
      5777 Terry Rd, Byram, MS 39272
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      Terry Road Warehouse For Lease

      60,000 SF warehouse with I-55 access in Byram, MS.
      5650 Terry Rd, Byram, MS 39272
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      60,000 SF

      60,000 SF Warehouse in Byram

      60,000 SF warehouse space with easy access to I-55.
      5650 Terry Rd, Byram, MS 39272
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      26,040 SF

      Retail Space in Regional Center

      Retail space available in Jackson's primary retail trade area.
      6325 I 55 N, Jackson, MS 39272
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      Freestanding Building in Byram, Mississippi

      4,000 SF commercial building with three suites for rent.
      7112 S Siwell Rd, Byram, MS 39272
      View Details
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    5741 Terry Rd
    Jackson, MS 39272
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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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