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

    221 Lonnie T Jenkins Dr Pearl, MS 39208-3524

    • Strip malls
    • 9,549 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0035214
    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

    • Strip malls

    Property Details for 221 Lonnie T Jenkins Dr

    Year built
    1975
    Lot size
    0.63 lot acres
    Property size
    9,549 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    E09D000002 00021
    APU
    E09D00000200021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1172
    Latitude
    32.2847
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $40,840
    $262,780
    $303,620

    Comparable in this City

    • Value Estimation
      $2,410,000
      68,858 SF

      100 Dogwood Way

      SHOPPING CENTER, STRIP CENTER • 68,858 SF
      100 Dogwood Way, Pearl, MS 39208-8109
      View Details
    • Value Estimation by Request
      10,064 SF

      2610 Hwy 80th E

      SHOPPING CENTER, STRIP CENTER • 10,064 SF
      2610 Hwy 80th E, Pearl, MS 39208-3403
      View Details
    • Value Estimation
      $1,300,000
      43,382 SF

      424 Bierdeman Rd

      SHOPPING CENTER, STRIP CENTER • 43,382 SF
      424 Bierdeman Rd, Pearl, MS 39208-4616
      View Details
    • Value Estimation
      $820,000
      23,466 SF

      5647 Hwy 80th E

      SHOPPING CENTER, STRIP CENTER • 23,466 SF
      5647 Hwy 80th E, Pearl, MS 39208-8907
      View Details
    • Value Estimation
      $2,065,000
      59,016 SF

      5720 Hwy 80th E

      SHOPPING CENTER, STRIP CENTER • 59,016 SF
      5720 Hwy 80th E, Pearl, MS 39208-8930
      View Details
    • Value Estimation
      $3,495,000
      110,908 SF

      3025 Hwy 80th E

      SHOPPING CENTER, STRIP CENTER • 110,908 SF
      3025 Hwy 80th E, Pearl, MS 39208-3412
      View Details

    Similar Nearby for Sale

    • $3,695,000
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      Pearl, MS Retail Investment Opportunity

      High-traffic retail building, great potential.
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      Pearl, MS Retail Investment Opportunity

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    • $161,000
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      Retail/Office Condo in Pearl, MS

      Retail/office condo in Pearl/Brandon area, close to I-20.
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    • $380,000
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      Highway 80 Commercial Land Opportunity

      9+ acres of C-2 zoned land with remodeled house.
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    • $129,800
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      Prime Pearl Retail Space

      Updated Retail Building, Excellent Location
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    • Contact for pricing
      10,867 SF

      Freestanding Building in Pearl, MS

      10,867 SF retail building on 1.92 AC for sale.
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    Similar Nearby for Lease

    • $14 SF/Yr
      87,578 SF

      McLaurin Mart Retail Space

      Prime Pearl, MS retail space available.
      3141 Us-80, Pearl, MS 39208
      View Details
    • Contact for pricing
      3,045 SF

      Pearl Restaurant Space - 3045 SF

      Prime Retail Location, High Visibility
      300 Riverwind Dr, Pearl, MS 39208
      View Details
    • $9 SF/Yr
      9,728 SF

      Freestanding Building on Highway 80

      9,728 SF freestanding building with high visibility and easy access.
      5002 S 80, Pearl, MS 39208
      View Details
    • $8,500 /Mo
      3,393 SF

      Restaurant/Retail Building in Pearl

      High-visibility building suitable for restaurant or retail conversion.
      127 S Pearson Rd, Pearl, MS 39208
      View Details
    • $8,500 /Mo
      3,494 SF

      Pearl, MS Commercial Property

      Prime retail/fast food location with drive-thru and outdoor seating.
      127 S Pearson Rd, 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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    221 Lonnie T Jenkins Dr
    Pearl, MS 39208-3524
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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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