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Property profile & analytics
OFF-MARKET
Estimated value
$4,535,000
Grocery and convenience stores
904 Fortification St Jackson, MS 39202-2423
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US50-0327362
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,595 SF
Lot
1.23 ac (53,750 SF)
APN
0019 0131 000
UPID
US50-0327362
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grocery Depot Grocery & Convenience Store Food Market
-
Corner Market Specialty Food Shop Supermarket
-
Tarot Card Reading Jackson Spiritual Center
-
Atms of South Inc Atm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$4.54M
Owner & transaction history
Owner Name Unavailable · 10 yrs held
Owner Name Unavailable
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+27.0%
Commercial (general)
$3.4M
+15.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,550,000
6.5%
$5,125,000
7%
$4,755,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,985,000
Current use
RESTAURANT
$3,790,000
Change: +27% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,440,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,850,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,642
Tax year 2023
Assessed value
$204,809
Assessed 2023
Previous assessed
$204,027
+0.4% YoY
Effective rate
19.84%
On assessed value
Assessed land
$40,500
Assessed improvement
$164,309
Land market value
$270,000
Improvement market value
$1,095,390
Total market value
$1,365,390
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
33,595 SF
Lot
1.23 ac (53,750 SF)
APN
0019 0131 000
UPID
US50-0327362
Jurisdiction
HINDS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 10 yrs held
Mailing address
2906 N STATE ST STE #201, JACKSON, MS 39216-4239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
—
English Village LLC
—
Deed
related
$833,591 · Guaranty Bank & Trust Co
Dec 1, 2015
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jul 21, 2015
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Apr 29, 2004
—
English Village LLC
Owner Name Unavailable
Grant Deed
related
—
Aug 25, 2000
—
Edens & Avant Properties
—
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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