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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200 Spring Lake Cv Pearl, MS 39208

    • Office buildings
    • 19,289 SF
    • 2.74 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0245225
    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

    • Office buildings

    Property Details for 200 Spring Lake Cv

    Year built
    1987
    Lot size
    2.74 lot acres
    Property size
    19,289 SF
    Property type
    Office buildings
    APN
    F08Q000022 00000
    APU
    F08Q00002200000

    Description

    This exceptional Class A office building, located at 200 Spring Lake Cove in Pearl, Mississippi, offers 19,280 square feet of versatile space ideal for coworking or executive office setups. The property boasts a desirable location, less than a mile from I-20 and Jackson Evers Airport, ensuring convenient access. Built in 1987 and extensively renovated in 2012, the two-story building features a modern interior throughout. Currently, 100% of the space is available, with divisible suites ranging from a minimum of 4,690 square feet to a maximum contiguous space of 9,640 square feet. Two suites totaling approximately 9,640 square feet are immediately available. The 1.461-acre lot provides ample parking with 119 spaces. The building enjoys a coveted lake view and a corporate feel, a rare find in Pearl. Current tenants include Charles Taylor and the VA, reflecting the property's high-quality appeal. The property is zoned C-1 and features the APN F08Q000022 00000. This is a unique opportunity to secure premium office space in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,823,000
      Market price range: $772k - $2.30M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,520,000
      Current use
      RESTAURANT
      $2,195,000
      Change: +44% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,705,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $1,665,000
      Change: +9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,635,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $1,545,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.0754
    Latitude
    32.2784
    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
    2019
    $19,458
    $0.00
    $0.00
    $172,687
    -
    $238,710
    $912,530
    $1,151,240

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

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      Riverwind Dr, Pearl, MS 39208
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    • Value Estimation by Request

      3137 Hwy 468

      PROFESSIONAL BUILDING
      3137 Hwy 468, Pearl, MS 39208-9447
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      3137 Hwy 468

      PROFESSIONAL BUILDING
      3137 Hwy 468, Pearl, MS 39208-9447
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    • Value Estimation by Request
      1,240 SF

      865 Bierdeman Rd

      PROFESSIONAL BUILDING • 1,240 SF
      865 Bierdeman Rd, Pearl, MS 39208-3338
      View Details
    • Value Estimation by Request
      1,369 SF

      509 Bierdeman Rd

      PROFESSIONAL BUILDING • 1,369 SF
      509 Bierdeman Rd, Pearl, MS 39208-3302
      View Details
    • Value Estimation by Request
      2,254 SF

      515 Bierdeman Rd

      PROFESSIONAL BUILDING • 2,254 SF
      515 Bierdeman Rd, Pearl, MS 39208-3302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,280 SF

      Updated Office Building with Lake View

      Updated office building with lake view, convenient access, and ample parking.
      200 Spring Lake Cv, Pearl, MS 39208
      View Details
    • $240,000
      3,344 SF

      Prime Pearl Office/Flex Space

      3,344 SF Office/Flex in Pearl, MS
      307 Pearson Rd, Pearl, MS 39208
      View Details
    • $240,000
      3,344 SF

      Flex/Retail Space Near Interstate

      3,344 SF flex/retail space in high-traffic area.
      307 South Pearson Rd, Pearl, MS 39208
      View Details
    • $1,800,000
      9,952 SF

      Prime Pearl Mixed-Use Property

      9,952 SF Office/Warehouse, $1.8M
      105 Metroplex Blvd, Pearl, MS 39208
      View Details
    • $161,000
      1,020 SF

      Retail/Office Condo in Pearl, MS

      Retail/office condo in Pearl/Brandon area, close to I-20.
      401 Cross Park Dr, Pearl, MS 39208
      View Details
    • $350,000
      1,928 SF

      Move-in Ready Medical Office

      Located across from Pearl High School with strong traffic.
      175 Doctors Dr, Pearl, MS 39208
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      2,600 SF

      Office Space in Patton Office Park

      Versatile 2600 sqft office space with renovation plans.
      212 St Paul St, Pearl, MS 39208
      View Details
    • $2,500 /Mo
      4,700 SF

      Pearl, MS Office/Warehouse Space

      Open office/warehouse space available for rent in Pearl, MS.
      810 Clearmont Dr, Pearl, MS 39208
      View Details
    • $13 SF/Yr
      19,280 SF

      Prime Pearl Office Space

      Class A Coworking & Executive Suites, Pearl, MS
      200 Spring Lake Cv, Pearl, MS 39208
      View Details
    • $1,300 /Mo
      10,800 SF

      Pearl MS Flex Space

      Flex space available near the airport, I-20, Hwy. 49, and I-55.
      Fairmont Plz, Pearl, MS 39208
      View Details
    • $14 SF/Yr
      87,578 SF

      McLaurin Mart Retail Space

      Prime Pearl, MS retail space available.
      3141 Us-80, Pearl, MS 39208
      View Details
    • $5 SF/Yr
      175,000 SF

      Rankin County Industrial Space

      175,000 SF Warehouse, Refrigerated Space Available
      1125 Weems St, Pearl, MS 39208
      View Details
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    Pearl, MS 39208
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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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