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

    240 John R Junkin Dr Natchez, MS 39120-3822

    • Retail space
    • 5,445 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0708179
    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

    • Natchez Cell Phone Repair / Cell Phone Accessory Store / Cell Phone Store
    • American Insurance of Natchez / Insurance Agency / Auto Insurance Agency
    • CPR Cell Phone Repair Natchez / Cell Phone Store / Mobile Phone Repair Shop
    • Natchez Fence / Fence Contractor
    • Inspiring Faith LLC Homecare Service / Home Health Care Service

    Property Details for 240 John R Junkin Dr

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.83 lot acres
    Property size
    5,445 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    0065 0005 0015.2
    APU
    65000500152

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Natchez
    County
    Adams
    State
    Mississippi
    Longitude
    -91.4095
    Latitude
    31.5488
    CBSA code
    35020
    CBSA name
    NATCHEZ, MS-LA MICROPOLITAN 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
    $5,532
    $14,578
    $18,561
    $33,139
    -
    $97,190
    $123,740
    $220,930

    Comparable in this City

    • Value Estimation
      $220,000
      1,783 SF

      501 John R Junkin Dr

      STORE, RETAIL OUTLET • 1,783 SF
      501 John R Junkin Dr, Natchez, MS 39120-4709
      View Details
    • Value Estimation
      $280,000
      1,078 SF

      143 Lewis Dr

      STORE, RETAIL OUTLET • 1,078 SF
      143 Lewis Dr, Natchez, MS 39120-4409
      View Details
    • Value Estimation
      $275,000
      1,040 SF

      389 Old Washington Rd

      STORE, RETAIL OUTLET • 1,040 SF
      389 Old Washington Rd, Natchez, MS 39120-8888
      View Details
    • Value Estimation
      $240,000
      2,942 SF

      464 State Park Rd

      STORE, RETAIL OUTLET • 2,942 SF
      464 State Park Rd, Natchez, MS 39120-9096
      View Details
    • Value Estimation
      $275,000
      5,070 SF

      117 Un St

      STORE, RETAIL OUTLET • 5,070 SF
      117 Un St, Natchez, MS 39120-3347
      View Details
    • Value Estimation
      $230,000
      1,541 SF

      18 Woodlawn Ave

      STORE, RETAIL OUTLET • 1,541 SF
      18 Woodlawn Ave, Natchez, MS 39120-2859
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Building on Sargent Prentiss

      5,343 SF retail building with high traffic visibility.
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      Retail Space in Natchez, MS

      4,000 sq ft retail space for rent in Natchez.
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      View Details
    • $4,500 /Mo
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      Versatile Commercial Space in Natchez

      10,000 sq ft commercial space suitable for various businesses.
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    • Contact for pricing
      43,560 SF

      Natchez Retail Pad - Prime Location

      High-traffic retail pad, build-to-suit option.
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      Retail Space in Natchez, MS

      4,000 SF retail space suitable for various commercial uses.
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      View Details
    • $14 SF/Yr

      Northgate Shopping Center Retail Space

      Retail spaces available in Northgate Shopping Center.
      105 Northgate Rd, Natchez, MS 39120
      View Details
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    240 John R Junkin Dr
    Natchez, MS 39120-3822
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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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