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    Property profile & analytics

    2046 Smt Dr Jackson, MS 39213-6457

    • Automotive properties
    • 1,984 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0242324
    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

    • Automotive properties

    Property Details for 2046 Smt Dr

    Year built
    1968
    Lot size
    0.16 lot acres
    Property size
    1,984 SF
    Property type
    Automotive properties
    APN
    0408 0758 000
    APU
    4080758000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $170,000
      Market price range: $94.1k - $257k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2104
    Latitude
    32.3382
    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
    $1,372
    $1,050
    $6,083
    $7,133
    -
    $7,000
    $40,550
    $47,550

    Comparable in this City

    • Value Estimation
      $240,000
      1,800 SF

      1685 Billy Bell Rd

      VEHICLE SALES, RENTALS • 1,800 SF
      1685 Billy Bell Rd, Jackson, MS 39213-9510
      View Details
    • Value Estimation
      $265,000
      2,762 SF

      6258 State St

      VEHICLE SALES, RENTALS • 2,762 SF
      6258 State St, Jackson, MS 39213
      View Details
    • Value Estimation by Request
      8,182 SF

      355 Woodrow Wilson Ave

      VEHICLE SALES, RENTALS • 8,182 SF
      355 Woodrow Wilson Ave, Jackson, MS 39213-7596
      View Details
    • Value Estimation
      $320,000
      9,120 SF

      3165 Northside Dr

      VEHICLE SALES, RENTALS • 9,120 SF
      3165 Northside Dr, Jackson, MS 39213-4565
      View Details
    • Value Estimation
      $210,000
      5,125 SF

      4715 Medgar Evers Blvd

      VEHICLE SALES, RENTALS • 5,125 SF
      4715 Medgar Evers Blvd, Jackson, MS 39213-4442
      View Details
    • Value Estimation
      $260,000
      4,454 SF

      2502 Bailey Ave

      VEHICLE SALES, RENTALS • 4,454 SF
      2502 Bailey Ave, Jackson, MS 39213-6903
      View Details

    Similar Nearby for Sale

    • $600,000
      3,362 SF

      Jackson Retail Space - High Traffic Area

      Prime location, high traffic, huge potential.
      2435 Livingston Rd, Jackson, MS 39213
      View Details
    • $400,000
      30,000 SF

      Retail Showroom and Warehouse Space

      30,000 SF showroom and warehouse on 2.2 acres.
      3190 Medgar Evers Blvd, Jackson, MS 39213
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    • $179,900
      4,000 SF

      Prime Jackson Retail Space

      High-potential retail building, 4,000 sq ft
      4470 Sunset Dr, Jackson, MS 39213
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    • Contact for pricing
      37,921 SF

      Jackson School Redevelopment Opportunity

      37,921 SF Single-Story School Building
      1224 Eminence Row, Jackson, MS 39213
      View Details
    • Contact for pricing
      0.12 Acres

      Land For Sale, Jackson, MS

      Land available for building a starter home or investment.
      Powers Ave, Jackson, MS 39213
      View Details
    • Contact for pricing
      0.09 Acres

      Land Parcel in Jackson, MS

      Land parcel available in Jackson, MS, ideal for investment.
      Julienne St, Jackson, MS 39213
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,847 SF

      Retail Space in Established Center

      Retail space available in high-traffic Jackson shopping center.
      3188 W Northside Dr, Jackson, MS 39213
      View Details
    • $14 SF/Yr
      2,000 SF

      Retail Space in Established Center

      Retail space available in high-traffic, visible shopping center.
      3198 W Northside Dr, Jackson, MS 39213
      View Details
    • $18 SF/Yr
      23,745 SF

      Jackson Executive Office Suites

      Class A Office Space, 2 Suites Available
      6425 Lakeover Rd, Jackson, MS 39213
      View Details
    • $6 SF/Yr
      22,500 SF

      Jackson Industrial Space for Lease

      22,500 SF Office/Warehouse, 3.5 Acres
      755 Stonewall St, Jackson, MS 39213
      View Details
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    2046 Smt Dr
    Jackson, MS 39213-6457
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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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