Property profile

815 State St Jackson, MS 39201

FOR SALE
Commercial real estate
Property ID
US50-0148132
49,175 SF 5 ac lot Built 1978
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 815 S. State Street in Jackson, Mississippi, presents a unique investment opportunity. The 68,500 square foot building boasts a versatile design, combining 40.5% warehouse space with 59.5% office space situated on a 2.31-acre lot. The warehouse features a generous 18-foot ceiling height, three dock-high doors, and one loading dock, ensuring efficient operations. The property is zoned for light industrial use and benefits from a large gated parking lot. Its strategic location offers easy access to major thoroughfares, including Highway 80, I-20, I-55, and Highway 49. Furthermore, its proximity to the Mississippi State Capitol, courthouses, government offices, and the Mississippi Fairgrounds provides unparalleled convenience and visibility. The asking price for this exceptional property is $1,301,500. This is a for sale by owner listing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Total area 49,175 SF
Lot 5 ac (217,800 SF)
APN 0196 0009 000
UPID US50-0148132

Cap rate & NOI

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

Location

815 State St Jackson, MS 39201
Jackson metro Census 2700 JACKSON, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.08M
Blend (final) Blend
$3.61M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $5.6M +53.4%
Medical building $3.9M +8.0%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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