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    225 Mcdowell Rd Jackson, MS 39204

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    225 Mcdowell Rd Jackson, MS 39204

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    • Commercial real estate
    • 896 SF
    • 3.65 lot acres
    Off-Market
    Property ID
    US50-0261793
    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

    • Pig Pen Dumpster Rental / Waste Management Facility / Hazardous Waste Disposal
    • McDowell Enclave Apartments / Apartment Complex / Apartment Building
    • JB's Onestop Handyman services & More LLC. / General Contractor

    Property Details for 225 Mcdowell Rd

    Year built
    1970
    Lot size
    3.65 lot acres
    Property size
    896 SF
    Property type
    Commercial real estate

    Description

    McDowell Enclave, located at 225 W McDowell Rd, Jackson, MS 39204, presents a compelling value-add investment opportunity. This 80-unit apartment building complex, built in 1970 and extensively renovated in 2023, sits on a 3.65-acre lot. The property comprises nine, two-story buildings totaling 76,880 net rentable square feet, with unit sizes ranging from 896 to 1,189 square feet. Currently, the occupancy rate is 36.25%, with a projected occupancy date of November 11, 2024. Significant renovations totaling approximately $1 million have already been completed by the current owner. These improvements encompass interior upgrades such as LED lighting, LVP flooring, black appliances, fresh paint, updated hardware, HVAC systems, and water heaters. Exterior enhancements include new roofs, paint, siding, trim, masonry work, gutters, resealed and restriped parking lots, and gated access. The property's Class C designation and its current occupancy level offer a significant opportunity for a new owner to increase occupancy to market averages through further leasing efforts. This multifamily complex is situated in Hinds County and presents a strong potential for return on investment. The property is classified as a value-add investment.

    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
    -90.22106144957
    Latitude
    32.267696322294

    Comparable in this City

    • $1,200,000

      Multifamily Buildings Near Jackson State

      Two multifamily buildings near Jackson State University with value-add opportunity.
      760 Willow St, Jackson, MS 39204
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    • $1,200,000
      21,715 SF

      Value-Add Multifamily Opportunity Near University

      Two-building, 46-unit multifamily property near Jackson State University.
      760 Willow St, Jackson, MS 39204
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    • $77,500
      4.20 Acres

      Jackson Land: 4.2 Acres Prime Location

      Mississippi commercial/residential land, excellent potential.
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      Industrial Land Near Highway Access

      1.34 acres of industrial land with highway access.
      Greenway Drive Ext, Jackson, MS 39204
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      6 Acres of Land

      6 acres of land available for sale.
      Greenway Dr, Jackson, MS 39204
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      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
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    Similar Nearby for Sale

    • $1,200,000

      Multifamily Buildings Near Jackson State

      Two multifamily buildings near Jackson State University with value-add opportunity.
      760 Willow St, Jackson, MS 39204
      View Details
    • $1,200,000
      21,715 SF

      Value-Add Multifamily Opportunity Near University

      Two-building, 46-unit multifamily property near Jackson State University.
      760 Willow St, Jackson, MS 39204
      View Details
    • $77,500
      4.20 Acres

      Jackson Land: 4.2 Acres Prime Location

      Mississippi commercial/residential land, excellent potential.
      0 Mcraven Rd, Jackson, MS 39204
      View Details
    • $450,000
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      Jackson Office Building Investment

      1,260 SF Office, Stable Tenant, High ROI
      2425 Us-80, Jackson, MS 39204
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    • $34,999
      1,660 SF

      Block Building For Sale

      Block building previously used as auto repair and laundry mat.
      1621 Topp Ave, Jackson, MS 39204
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    • $150,000
      0.73 Acres

      Commercial Land in High Traffic

      0.73 acre commercial land with high traffic access.
      375 E Mcdowell Rd, Jackson, MS 39204
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    Similar Nearby for Lease

    • Contact for pricing
      1,380 SF

      Retail Space in Jackson, MS

      Retail space available for lease in Jackson, MS.
      1410 Ellis Ave, Jackson, MS 39204
      View Details
    • $5,250 /Mo

      Commercial Land For Rent

      Commercial land available for rent near major transportation routes.
      755 E Mcdowell Rd, Jackson, MS 39204
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    • Contact for pricing

      Centrally Located Industrial Facility

      Industrial facility with office space and easy highway access.
      510 Us-80, Jackson, MS 39204
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      Established Shopping Center For Rent

      Shopping center with high traffic volume available for rent.
      1400 Ellis Ave, 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
    • 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
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    225 Mcdowell Rd
    Jackson, MS 39204
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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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