Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1237 Vine St Jackson, MS 39202-3428
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1237 Vine St Jackson, MS 39202-3428

    View on Map
    • Warehouses
    • 5,222 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Jan 11, 2024
    Property ID
    US50-0231958
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cook Hartwell Manufacturing Rep & Warehouse / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement

    Property Details for 1237 Vine St

    Year built
    1961
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.32 lot acres
    Property size
    5,222 SF
    Property type
    Warehouses
    APN
    1026 0021 001
    APU
    10260021001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1702
    Latitude
    32.305
    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
    $3,214
    $8,487
    $7,329
    $15,816
    -
    $56,580
    $48,860
    $105,440

    Comparable in this City

    • Value Estimation
      $590,000
      13,213 SF

      323 Hamilton St

      WAREHOUSE, STORAGE • 13,213 SF
      323 Hamilton St, Jackson, MS 39202-3233
      View Details
    • Value Estimation
      $920,000
      15,660 SF

      721 Harris St

      WAREHOUSE, STORAGE • 15,660 SF
      721 Harris St, Jackson, MS 39202-3460
      View Details
    • Value Estimation by Request
      7,555 SF

      819 Larson St

      WAREHOUSE, STORAGE • 7,555 SF
      819 Larson St, Jackson, MS 39202-3417
      View Details
    • Value Estimation
      $995,000
      35,520 SF

      1940 Ml St

      WAREHOUSE, STORAGE • 35,520 SF
      1940 Ml St, Jackson, MS 39202-1019
      View Details
    • Value Estimation by Request
      8,607 SF

      860 Larson St

      WAREHOUSE, STORAGE • 8,607 SF
      860 Larson St, Jackson, MS 39202-3416
      View Details
    • Value Estimation by Request
      2,400 SF

      1303 Vine St

      WAREHOUSE, STORAGE • 2,400 SF
      1303 Vine St, Jackson, MS 39202-3430
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,500 SF

      Red Brick Office Building I-55N

      Highly visible office building with climate-controlled warehouse near I-55N.
      817 E River Pl, Jackson, MS 39202
      View Details
    • Contact for pricing
      15,000 SF

      Red Brick Office/Warehouse Building

      15,000 SF office building with climate-controlled warehouse. I-55 visibility.
      817 East River Pl, Jackson, MS 39202
      View Details
    • $600,000

      Updated Office Building Near Downtown

      Updated office building located minutes from downtown Jackson.
      825 Larson St, Jackson, MS 39202
      View Details
    • Contact for pricing
      82,315 SF

      Former Rowan Middle School Building

      Two-story, 82,315 SF building, part of JPS Repurposing Initiative.
      136 East Ash St, Jackson, MS 39202
      View Details
    • Contact for pricing
      1,200 SF

      Office Suites Near Downtown Jackson

      Office suites available in a three-building complex.
      840 East River Pl, Jackson, MS 39202
      View Details
    • $390,000
      Pending

      Remodeled Jackson Multifamily Investment Property

      Updated 4-plex with strong rental appeal in Jackson, MS.
      1050 Monroe St, Jackson, MS 39202
      View Details

    Similar Nearby for Lease

    • $637 /Mo

      Customizable Office Warehouse Space

      Modern, versatile office and warehouse spaces with prime location.
      810 Foley St, Jackson, MS 39202
      View Details
    • New
      $2,750 /Mo
      2,550 SF

      Remodeled Office and Shop Space

      Newly remodeled office and shop space for lease in Jackson.
      1030 Greymont St, Jackson, MS 39202
      View Details
    • Contact for pricing
      2,205 SF

      Retail Space in Jackson, MS

      Retail space available for lease in Jackson, Mississippi.
      1121 N Jefferson St, Jackson, MS 39202
      View Details
    • $900 /Mo
      900 SF

      Spacious One-Bedroom Unit For Rent

      Large one-bedroom unit with updated bathroom and eat-in kitchen.
      803 North Congress St, Jackson, MS 39202
      View Details
    • Contact for pricing
      5,236 SF

      Retail Space Available For Lease

      Retail property with 5236 square feet available for rent.
      680 Larson St, Jackson, MS 39202
      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.
    1237 Vine St
    Jackson, MS 39202-3428
    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.
    Sign Up Successful!
    You now have access to more from Realmo!