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    Property profile & analytics

    11 Northtown Rd Jackson, MS 39211

    • Retail space
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0262690
    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

    • Retail space

    Property Details for 11 Northtown Rd

    Year built
    1984
    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    Located in Northeast Jackson, 11 Northtown lies in close proximity to major retail corridors and neighborhood communities. Short commute times from Interstate 55, Interstate 220, and the Natchez Trace Pkwy make this property desirable for tenants and their business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1081827
    Latitude
    32.3890351

    Comparable in this City

    • Contact for pricing

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      1,878 SF

      Retail Space at District Eastover

      Retail spaces available in a thriving mixed-use development.
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      Retail Spaces Available for Lease

      Retail spaces for lease in high-traffic area near I-55.
      6370 Ridgewood Court Dr, Jackson, MS 39211
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      10,000 SF

      Retail Space with High Visibility

      Retail space with high traffic and excellent signage available for rent.
      1175 E County Line Rd, Jackson, MS 39211
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      32,772 SF

      Retail Space with Pylon Signage

      Retail space available in Jackson with high traffic volume.
      1045 E County Line Rd, Jackson, MS 39211
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    • $1,679 /Mo
      1,591 SF

      Retail Space with I-55 Signage

      Retail space with high I-55 traffic count available for lease.
      5760 Interstate 55, Jackson, MS 39211
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    Similar Nearby for Sale

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      Jackson Retail/Restaurant Investment Opportunity

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      Versatile Mixed-Use Property For Sale

      Office/retail/warehouse property with dock high access and storage.
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      59,337 SF

      Versatile Renovated Facility in Jackson

      Recently renovated 59,337 SF facility on 6.58 acres for sale.
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      Commercial Building For Sale

      C3 Zoned property approved for marijuana dispensary and other ventures.
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      Turnkey Investment Opportunity in Jackson

      7,500 SF building in prime location along Interstate 55.
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      Veterinary Clinic in North Jackson

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Old Canton

      Retail space suitable for hair salon and spa.
      5731 Old Canton Rd, Jackson, MS 39211
      View Details
    • Contact for pricing
      1,878 SF

      Retail Space at District Eastover

      Retail spaces available in a thriving mixed-use development.
      1200 Eastover Dr, Jackson, MS 39211
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Retail spaces for lease in high-traffic area near I-55.
      6370 Ridgewood Court Dr, Jackson, MS 39211
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space with High Visibility

      Retail space with high traffic and excellent signage available for rent.
      1175 E County Line Rd, Jackson, MS 39211
      View Details
    • Contact for pricing
      32,772 SF

      Retail Space with Pylon Signage

      Retail space available in Jackson with high traffic volume.
      1045 E County Line Rd, Jackson, MS 39211
      View Details
    • $1,679 /Mo
      1,591 SF

      Retail Space with I-55 Signage

      Retail space with high I-55 traffic count available for lease.
      5760 Interstate 55, Jackson, MS 39211
      View Details
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    11 Northtown Rd
    Jackson, MS 39211
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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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