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    Property profile & analytics

    602 Rose St Jackson, MS 39203

    • Retail space
    • 2,747 SF
    • 0.23 lot acres
    For Sale
    View listing
    $105,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0275305
    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.

    Current Use by Public Records

    • The fort/itdInc / Business To Business Service

    Property Details for 602 Rose St

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    2,747 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    0144 0249 000
    APU
    1440249000

    Description

    This 1,955 square foot commercial property, situated on a 0.23-acre lot at 602 Rose Street in Jackson, MS, presents a compelling investment opportunity. Its strategic location offers exceptional visibility and accessibility, placing it within close proximity to Jackson State University, boasting a combined student and faculty population exceeding 10,000. This high concentration of potential customers makes the property ideally suited for a variety of commercial ventures. The property's proximity to a major Jackson church further enhances its appeal, contributing to a consistently high volume of pedestrian and vehicular traffic. The existing building provides ample space for a range of businesses, making it suitable for a service station, retail store, or a similar establishment such as a Dollar General. The 0.23-acre lot offers potential for expansion or outdoor amenities, depending on the chosen business model. Given its prime location, high traffic volume, and versatile space, this property represents a significant opportunity for investors seeking a strong return on investment in a thriving Jackson, MS market. The asking price is $105,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $455,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $393,000
      Market price range: $161k - $434k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $335,000
      Current use
      OFFICE BUILDING
      $305,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2012
    Latitude
    32.3014
    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
    $1,604
    $2,862
    $5,475
    $8,337
    -
    $19,080
    $36,500
    $55,580

    Comparable in this City

    • Value Estimation
      $230,000
      1,479 SF

      100 Bell St

      STORE, RETAIL OUTLET • 1,479 SF
      100 Bell St, Jackson, MS 39203-1914
      View Details
    • Value Estimation
      $200,000
      1,175 SF

      1803 Bailey Ave

      STORE, RETAIL OUTLET • 1,175 SF
      1803 Bailey Ave, Jackson, MS 39203
      View Details
    • Value Estimation
      $270,000
      3,145 SF

      542 Rose St, Unit 46

      STORE, RETAIL OUTLET • 3,145 SF
      542 Rose St, Jackson, MS 39203-2948
      View Details
    • Value Estimation
      $320,000
      2,529 SF

      823 Crawford St

      STORE, RETAIL OUTLET • 2,529 SF
      823 Crawford St, Jackson, MS 39203-1012
      View Details
    • Value Estimation
      $195,000
      1,050 SF

      208 Maple St

      STORE, RETAIL OUTLET • 1,050 SF
      208 Maple St, Jackson, MS 39203-1519
      View Details
    • Value Estimation
      $290,000
      4,962 SF

      402 Pascagoula St, Unit 24

      STORE, RETAIL OUTLET • 4,962 SF
      402 Pascagoula St, Jackson, MS 39203-3523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Jackson land, Special Use District, redevelopment opportunity.
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      View Details
    • $74,000
      0.25 Acres

      Corner Lot in Jackson, MS

      Commercial land suitable for small shops or laundromat.
      1612 W Capitol St, Jackson, MS 39203
      View Details
    • $225,000
      10,945 SF

      Jackson Warehouse: $225K NNN Lease

      10,945 SF Warehouse, Vacant, Ideal for Conversion
      429 Gallatin St, Jackson, MS 39203
      View Details
    • Contact for pricing
      7.26 Acres

      Jackson MS Commercial Land Opportunity

      7.26 Acres, Multifamily Potential
      0 Capitol St & Magnolia St, Jackson, MS 39203
      View Details
    • Contact for pricing
      77,564 SF

      Prime Jackson School Redevelopment Opportunity

      77,564 SF, Two-Story School Building
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    • Contact for pricing
      0.23 Acres

      Jackson Land: 0.23 Acres

      Prime residential development land in Jackson, MS.
      0 Joel Ave, Jackson, MS 39203
      View Details
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    602 Rose St
    Jackson, MS 39203
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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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