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    Property profile & analytics

    123 Jones St Madison, MS 39110-8994

    • Retail space
    • 2,608 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 27, 2021
    Location Intelligence
    Property ID
    US50-0103324
    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

    • Hearts of Madison / Drama School / Live Music Venue
    • Liquids Salon / Beauty Salon

    Property Details for 123 Jones St

    Year built
    1960
    Lot size
    0.18 lot acres
    Property size
    2,608 SF
    Property type
    Retail space
    APN
    072C-08C-040/02
    APU
    072C08C04002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.1163
    Latitude
    32.4611
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN 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
    $1,278
    $0.00
    $0.00
    $10,967
    -
    $29,620
    $43,490
    $73,110

    Comparable in this City

    • Value Estimation by Request
      175,584 SF

      127 Grandview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 175,584 SF
      127 Grandview Blvd, Madison, MS 39110-7595
      View Details
    • Value Estimation by Request
      114,506 SF

      175 Grandview Blvd

      RETAIL STORES (PERSONAL SERVICES) • 114,506 SF
      175 Grandview Blvd, Madison, MS 39110-6039
      View Details
    • Value Estimation by Request
      4,059 SF

      2081 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,059 SF
      2081 Main St, Madison, MS 39110-8520
      View Details
    • Value Estimation by Request
      13,950 SF

      1014 Hwy 51

      RETAIL STORES (PERSONAL SERVICES) • 13,950 SF
      1014 Hwy 51, Madison, MS 39110-8304
      View Details
    • Value Estimation by Request
      2,694 SF

      2077 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,694 SF
      2077 Main St, Madison, MS 39110-8520
      View Details
    • Value Estimation by Request
      4,434 SF

      2154 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,434 SF
      2154 Main St, Madison, MS 39110-8538
      View Details

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    Similar Nearby for Lease

    • $26 SF/Yr
      5,278 SF

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      Retail space available in multi-tenant building, shadow-anchored by Kroger/Home Depot.
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    • $21 SF/Yr
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      Retail Space Available For Lease

      3,158 SF retail space available for lease.
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    • $23 SF/Yr
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      Retail Space Available For Lease

      Retail property available for lease, offering 5776 square feet.
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    • $3,003 /Mo
      2,002 SF

      Retail Flex Space in Gluckstadt

      2,002 SF retail flex/office space in growing Gluckstadt, MS.
      124 Kimball Dr, Madison, MS 39110
      View Details
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    123 Jones St
    Madison, MS 39110-8994
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    Realmo Value Estimation

    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.

    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.

    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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