Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 Mississippi Ave Ruston, LA 71270-4421

    • Office Properties & Spaces
    • 1,022 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2021
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1830547
    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

    • The Mosaic Company / Flooring Store / Flooring Contractor
    • Kelly Moore Bag Office / Fashion Accessories Store
    • Lux Flooring & Design / Flooring Contractor
    • Brooks-Hammock Agency Inc / Insurance Agency

    Property Details for 117 Mississippi Ave

    Year built
    1950
    Lot size
    0.02 lot acres
    Property size
    1,022 SF
    Property type
    Office Properties & Spaces
    APN
    902
    APU
    902

    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
    Ruston
    County
    Lincoln
    State
    Louisiana
    Longitude
    -92.6389
    Latitude
    32.5296
    CBSA code
    40820
    CBSA name
    RUSTON, LA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $700
    $1,275
    $6,604
    $7,879
    -
    $12,750
    $44,024
    $56,774

    Comparable in this City

    • Value Estimation by Request
      9,200 SF

      1313 Cooktown Rd

      Land • 9,200 SF
      1313 Cooktown Rd, Ruston, LA 71270
      View Details
    • Value Estimation by Request
      2,974 SF

      1009 Service W Rd

      OFFICE (GENERAL) • 2,974 SF
      1009 Service W Rd, Ruston, LA 71270-2364
      View Details
    • Value Estimation by Request
      1,892 SF

      201 Vienna St

      OFFICE (GENERAL) • 1,892 SF
      201 Vienna St, Ruston, LA 71270-4442
      View Details
    • Value Estimation by Request
      472 SF

      1400 Frazier Rd

      OFFICE (GENERAL) • 472 SF
      1400 Frazier Rd, Ruston, LA 71270-1631
      View Details
    • Value Estimation by Request
      3,164 SF

      5660 Hwy 33

      OFFICE (GENERAL) • 3,164 SF
      5660 Hwy 33, Ruston, LA 71270
      View Details
    • Value Estimation by Request
      1,680 SF

      1305 Farmerville Hwy

      OFFICE (GENERAL) • 1,680 SF
      1305 Farmerville Hwy, Ruston, LA 71270-3515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,164 SF

      Ruston, LA Commercial Property

      Prime Retail/Office Space - 3,164 SF
      1011 Cooktown Rd, Ruston, LA 71270
      View Details
    • Contact for pricing
      0.08 Acres

      801 Vienna St

      Land • 0.08 Acres
      801 Vienna St, Ruston, LA 71270
      View Details
    • Contact for pricing
      2,000 SF

      Ruston Mixed-Use Space Available

      2000 sq ft, I-20 access, $1450/month
      121 Gus Ln, Ruston, LA 71270
      View Details
    • $3,950,000

      Commercial Acreage Near Buccee's Development

      Commercial land available near new Buccee's development.
      Woodward Ave, Ruston, LA 71270
      View Details
    • $350,000
      1.27 Acres

      Ruston Commercial Lot - Prime Location

      1.27-Acre Mixed-Use Lot, High Visibility
      621 Georgia Ave, Ruston, LA 71270
      View Details
    • $2,500,000
      4.24 Acres

      Ruston Commercial Land - $2.5M

      High-traffic Ruston land, prime location.
      1322 Cooktown Rd, Ruston, LA 71270
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      9,200 SF

      Ruston Marketplace Retail Space

      Prime Ruston retail & office space.
      1313 Cooktown Rd, Ruston, LA 71270
      View Details
    • $22 SF/Yr
      8,394 SF

      Ruston Retail Outparcel Opportunity

      High-traffic Ruston retail space available
      1113 Service Rd, Ruston, LA 71270
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Eagle Plaza

      Retail space available in Walmart shadow-anchored shopping center.
      1401-1429 Eagle Dr, Ruston, LA 71270
      View Details
    • $7,942 /Mo
      2,500 SF

      Downtown Ruston Freestanding Retail Building

      2,500 SF retail building in downtown Ruston for lease.
      211 W California Ave, Ruston, LA 71270
      View Details
    • Contact for pricing
      31,880 SF

      Ruston Retail Space: Walmart Shadow Center

      High-traffic retail space near I-20.
      1407 Eagle Dr, Ruston, LA 71270
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Mississippi Ave
    Ruston, LA 71270-4421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.