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    1735 Washington St Vicksburg, MS 39183
    Property profile & analytics

    1735 Washington St, Vicksburg, MS 39183

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    • Warehouses
    • 292,665 SF
    • 60.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1735 Washington St

    Year built
    1995
    Lot size
    60.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property in Vicksburg, Mississippi offers a rare opportunity for lease or acquisition. Situated on approximately 60 flat acres, five miles from Interstate 20 and the Port of Vicksburg, this location provides unparalleled access to major transportation routes, placing it approximately 45 minutes from Jackson and midway between Dallas and Atlanta. The property comprises three free-standing buildings totaling 292,665 square feet, originally constructed in 1995 with an expansion in 1998. Building dimensions are: Building A: 125,000 sq ft

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vicksburg
    County
    Warren
    State
    Mississippi
    Longitude
    -90.8696
    Latitude
    32.378

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      1480 Us-61

      Distribution properties
      1480 Us-61, Vicksburg, MS 39183
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    • Value Estimation by Request
      64,060 SF

      510 Armory Rd

      WAREHOUSE, STORAGE
      510 Armory Rd, Vicksburg, MS 39183-7483
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    • Value Estimation by Request
      4,899 SF

      20 Washington St

      WAREHOUSE, STORAGE
      20 Washington St, Vicksburg, MS 39183-2193
      View Details
    • Value Estimation by Request
      14,375 SF

      101 County Ln

      WAREHOUSE, STORAGE
      101 County Ln, Vicksburg, MS 39183-3487
      View Details
    • Value Estimation by Request
      5,800 SF

      2600 Hwy 61st N

      MINI-WAREHOUSE, STORAGE
      2600 Hwy 61st N, Vicksburg, MS 39183
      View Details
    • Value Estimation by Request
      43,200 SF

      1725 Washington St

      WAREHOUSE, STORAGE
      1725 Washington St, Vicksburg, MS 39183-7696
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Former Showroom/Warehouse in Vicksburg, MS

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      107,000 SF

      Vicksburg Warehouse with Expansion

      125,000 SF warehouse with expansion and multiple office areas.
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      292,665 SF

      Vicksburg Manufacturing/Distribution Facility

      292,665 SF facility on 60 acres near Interstate 20.
      1735 N Washington St, Vicksburg, MS 39183
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    • $2,850,000
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      Land Near Vicksburg National Park

      Commercial land for sale near a major tourist attraction.
      3332 Clay St, Vicksburg, MS 39183
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    • Contact for pricing

      Vicksburg Multifamily Portfolio

      Portfolio of 3 apartment communities with 239 units in Vicksburg, MS.
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    Similar Nearby for Lease

    • Contact for pricing
      292,665 SF

      Vicksburg Industrial Facility for Lease

      292,665 SF industrial facility near Port of Vicksburg.
      1735 N Washington St, Vicksburg, MS 39183
      View Details
    • $3 SF/Yr

      Industrial Property in Port of Vicksburg

      Industrial property with two buildings and excellent accessibility.
      901 Haining Rd, Vicksburg, MS 39183
      View Details
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    Vicksburg, MS 39183
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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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