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    228 North Pearson Rd Pearl, MS 39208
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    Property profile & analytics

    228 North Pearson Rd, Pearl, MS 39208

    View on Map
    • Retail space
    • 5,718 SF
    • 0.70 lot acres
    For Sale
    $1,300,000
    View Listing →
    Flex Warehouse Buildings For Sale For Sale
    $1,300,000
    5,000 SF

    Flex Warehouse Buildings For Sale

    Two flex warehouse buildings on 1.2 acres in Pearl, MS.

    228 & 224 North Pearson Road, Pearl, MS 39208
    View Listing
    Property ID
    US50-0021423
    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

    • Retail space

    Property Details for 228 North Pearson Rd

    Year built
    1972
    Lot size
    0.70 lot acres
    Property type
    Retail space
    APN
    E08M000009 00000
    APU
    E08M00000900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $720,000
      Market price range: $232k - $720k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $495,000
      Current use
      RESTAURANT
      $650,000
      Change: +32% Conversion: Easy
      COMMERCIAL (GENERAL)
      $505,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $485,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $455,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $450,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1371
    Latitude
    32.2771
    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
    $4,485
    $0.00
    $0.00
    $51,021
    -
    $213,440
    $126,700
    $340,140

    Comparable in this City

    • Value Estimation
      $2,330,000
      18,519 SF

      201 Bass Pro Dr

      RETAIL STORES (PERSONAL SERVICES)
      201 Bass Pro Dr, Pearl, MS 39208-9244
      View Details
    • Value Estimation by Request
      1,540 SF

      197 Fox Hall Rd

      RETAIL STORES (PERSONAL SERVICES)
      197 Fox Hall Rd, Pearl, MS 39208
      View Details
    • Value Estimation by Request
      2,304 SF

      111 Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES)
      111 Hwy 80th E, Pearl, MS 39208-4307
      View Details
    • Value Estimation by Request
      1,800 SF

      5201 Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES)
      5201 Hwy 80th E, Pearl, MS 39208-9302
      View Details
    • Value Estimation
      $3,795,000
      30,144 SF

      5450 Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES)
      5450 Hwy 80th E, Pearl, MS 39208-8924
      View Details
    • Value Estimation
      $1,860,000
      14,777 SF

      3189 Hwy 80th E

      RETAIL STORES (PERSONAL SERVICES)
      3189 Hwy 80th E, Pearl, MS 39208-3503
      View Details

    Similar Nearby for Sale

    • $147,000
      0.37 Acres

      Commercial Property in Growing Area

      Ideally located property perfect for retail or office in Pearl.
      Cross Park Dr, Pearl, MS 39208
      View Details
    • Contact for pricing

      Retail Space in Pearl, Mississippi

      Retail space with high visibility and access to major thoroughfares.
      127 S Pearson Rd, Pearl, MS 39208
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    • $449,999
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      Commercial Property with Two Buildings

      Two buildings on two lots with income and growth potential.
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    • $240,000

      3,344 SF Flex/Office Property

      Flex/Office property for sale or lease in Pearl, MS.
      307 South Pearson Rd, Pearl, MS 39208
      View Details
    • $129,800
      976 SF

      Prime Pearl Retail Space

      Updated Retail Building, Excellent Location
      222 Bierdeman Rd, Pearl, MS 39208
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    • Contact for pricing
      6,957 SF

      Pearl, MS Retail Investment Opportunity

      NNN leased investment property in Pearl, MS retail corridor.
      442 Riverwind Dr, Pearl, MS 39208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Pearl, MS

      Retail space available for lease in Pearl, Mississippi.
      3117-3167 Us-80, Pearl, MS 39208
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Move-in ready retail/office space in high-traffic Pearl location.
      136 S Pearson Rd, Pearl, MS 39208
      View Details
    • $10 SF/Yr

      Office/Retail Space Near I-20

      3,344 SF office/retail space in high-traffic Pearl location.
      307 South Pearson Rd, Pearl, MS 39208
      View Details
    • Contact for pricing

      Flowood Retail/Medical Strip Center

      Modernized retail/medical center with drive-thru, strong visibility, ample parking.
      1000 Lakeland Square Ext, Flowood, MS 39208
      View Details
    • Contact for pricing
      1,170 SF

      Retail Space Available in Pearl

      Retail property offering 5999 square feet for lease.
      3025-3039 Highway 80 E, Pearl, MS 39208
      View Details
    View Listing
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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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