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

    126 Ricks Dr Jackson, MS 39204

    • Warehouses
    • 29,999 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0575019
    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

    • Warehouses

    Property Details for 126 Ricks Dr

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.21 lot acres
    Property size
    29,999 SF
    Property type
    Warehouses
    APN
    0177 0015 001
    APU
    1770015001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $848,000
      Market price range: $848k - $1.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.192
    Latitude
    32.2935
    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
    $9,562
    $7,047
    $42,665
    $49,712
    -
    $46,980
    $284,430
    $331,410

    Comparable in this City

    • Value Estimation
      $435,000
      16,919 SF

      J R Lynch St Ext

      WAREHOUSE, STORAGE • 16,919 SF
      J R Lynch St Ext, Jackson, MS 39204
      View Details
    • Value Estimation
      $310,000
      5,750 SF

      209 Parcel Dr

      WAREHOUSE, STORAGE • 5,750 SF
      209 Parcel Dr, Jackson, MS 39204-5921
      View Details
    • Value Estimation by Request
      4,538 SF

      5267 Greenway Dr Ext

      WAREHOUSE, STORAGE • 4,538 SF
      5267 Greenway Dr Ext, Jackson, MS 39204-3212
      View Details
    • Value Estimation
      $415,000
      6,022 SF

      2947 Mcdowell Rd Ext

      WAREHOUSE, STORAGE • 6,022 SF
      2947 Mcdowell Rd Ext, Jackson, MS 39204-4114
      View Details
    • Value Estimation
      $280,000
      8,154 SF

      2624 Gallatin St

      WAREHOUSE, STORAGE • 8,154 SF
      2624 Gallatin St, Jackson, MS 39204-5837
      View Details
    • Value Estimation
      $320,000
      6,000 SF

      5252 Greenway Dr Ext

      WAREHOUSE, STORAGE • 6,000 SF
      5252 Greenway Dr Ext, Jackson, MS 39204-3211
      View Details

    Similar Nearby for Sale

    • $275,000
      4,401 SF

      Industrial Property with Highway Access

      4,401 SF industrial property with excellent highway accessibility.
      5270 Greenway Drive Ext, Jackson, MS 39204
      View Details
    • $825,090

      Hinds County Retail/Warehouse Opportunity

      23,574 SF retail and warehouse space for sale.
      1919 Chadwick Dr, Jackson, MS 39204
      View Details
    • $425,000
      15,550 SF

      Warehouse and Office Building

      15,550 SF warehouse/office on 0.89 acres, easy interstate access.
      629 Guidici St, Jackson, MS 39204
      View Details
    • $825,090
      23,574 SF

      Jackson Warehouse: Prime Location

      23,574 SF Warehouse, Excellent Condition
      1919 Chadwick Dr, Jackson, MS 39204
      View Details
    • $300,000
      6.31 Acres

      Jackson Industrial Land - Greenway Dr

      6.31 Acres, I-2 Zoning, $300K
      0 Greenway Dr, Jackson, MS 39204
      View Details
    • $925,000
      2.16 Acres

      Hwy 80 & Ellis Ave Commercial Land

      Prime Jackson, MS commercial lot, 2.16 acres.
      0 Highway 80, Jackson, MS 39204
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      21,292 SF

      Jackson Industrial Warehouse For Lease

      21,292 SF Warehouse, Flex Space Available
      510 Us-80, Jackson, MS 39204
      View Details
    • $5,000 /Mo
      35,900 SF

      Industrial Complex on Interstate 20

      35,900 SF industrial complex with I-20 frontage for lease.
      5090 S Mcraven Rd, Jackson, MS 39204
      View Details
    • $4 SF/Yr
      44,619 SF

      Renovated Industrial Spaces in Jackson

      Multiple industrial spaces for lease in Downtown Jackson.
      407 Guidici St, Jackson, MS 39204
      View Details
    • Contact for pricing
      7,500 SF

      Office/Showroom/Warehouse/Distribution Space Available

      7500 SF Office/Warehouse centrally located near I-20 & I-55.
      719 S Gallatin St, Jackson, MS 39204
      View Details
    • $5,250 /Mo
      19,000 SF

      Distribution Center in Jackson, MS

      Large distribution center with showroom, offices, and warehouse space.
      755 E Mcdowell Rd, Jackson, MS 39204
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space in Jackson, MS

      Retail space available for lease in Jackson, MS.
      1410 Ellis Ave, Jackson, MS 39204
      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.
    126 Ricks Dr
    Jackson, MS 39204
    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.