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    101 Near St Jackson, MS 39203

    • Specialty properties
    • 77,564 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jackson Public Schools / School District Office / School
    • Enochs Family Resource Center / High School / Vocational School
    • Mr.Johnson shop / High School

    Property Details for 101 Near St

    Property size
    77,564 SF
    Property type
    Specialty properties
    Property subtype
    Schools

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1987
    Latitude
    32.3018

    Comparable in this City

    • Value Estimation by Request
      31,217 SF

      1017 Robinson St

      Schools • 31,217 SF
      1017 Robinson St, Jackson, MS 39203
      View Details
    • Value Estimation by Request
      30,881 SF

      1593 Capitol St

      Schools • 30,881 SF
      1593 Capitol St, Jackson, MS 39203
      View Details
    • Value Estimation
      $720,000
      39,900 SF

      1128 Capitol St

      SHOPPING CENTER COMMON AREA • 39,900 SF
      1128 Capitol St, Jackson, MS 39203
      View Details
    • Value Estimation by Request
      5,384 SF

      1503 Bailey Ave

      DAY CARE, PRE-SCHOOL • 5,384 SF
      1503 Bailey Ave, Jackson, MS 39203-1503
      View Details
    • Value Estimation by Request
      3,006 SF

      933 Robinson St

      DAY CARE, PRE-SCHOOL • 3,006 SF
      933 Robinson St, Jackson, MS 39203-2613
      View Details
    • Value Estimation by Request
      2,656 SF

      514 Fortification St

      DAY CARE, PRE-SCHOOL • 2,656 SF
      514 Fortification St, Jackson, MS 39203-2209
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,217 SF

      Jackson School Redevelopment Opportunity

      31,217 SF, 3-Story School Building
      1017 Robinson St, Jackson, MS 39203
      View Details
    • Contact for pricing
      77,564 SF

      Prime Jackson School Redevelopment Opportunity

      77,564 SF, Two-Story School Building
      101 Near St, Jackson, MS 39203
      View Details
    • Contact for pricing
      30,881 SF

      Prime Jackson School Redevelopment Opportunity

      30,881 SF, 2-Story Elementary School
      1593 Capitol St, Jackson, MS 39203
      View Details
    • Contact for pricing
      27.41 Acres

      Jackson MS Commercial Land - 27 Acres

      Prime Jackson land, Special Use District, redevelopment opportunity.
      0 Mcraven Rd, Jackson, MS 39203
      View Details
    • Contact for pricing
      36,685 SF

      Multi-Family Buildings Value-Add Opportunity

      64-unit multi-family property in Jackson, MS, with value-add potential.
      1225 Bailey Ave, Jackson, MS 39203
      View Details
    • Contact for pricing
      29,070 SF

      Industrial Property in Jackson, MS

      29,070 square foot industrial property available for sale.
      300 W Monument St, Jackson, MS 39203
      View Details
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    101 Near 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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