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    Property profile & analytics

    248 Capitol St Jackson, MS 39201-2503

    • Banks
    • 259,748 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $1,080,000
    Location Intelligence
    Property ID
    US50-0333148
    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

    • Trustmark Mortgage / Mortgage Lender
    • Baxter Brown Properties / Real Estate Agency
    • Mc David Noblin & West PLLC / Estate Planning Attorney
    • Cirilli Richard R / Lawyer
    • Southern Community Capital / Consultant

    Property Details for 248 Capitol St

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    259,748 SF
    Property type
    Banks
    APN
    0085 0031 000
    APU
    850031000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,350,000
      7%
      $1,160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,480,000
      Geo Method
      $1,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,520,000
      Retail
      $1,335,000
      Mixed-Use
      $1,250,000
      Hospitality
      $1,455,000
      Educational
      $1,415,000
      Residential Income
      $1,345,000
      Energy
      $1,515,000
      Income-Based Land
      $1,290,000
      Food Service
      $1,330,000

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1842
    Latitude
    32.3002
    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
    $285,836
    $67,505
    $1,212,042
    $1,279,547
    -
    $450,030
    $8,080,280
    $8,530,310

    Comparable in this City

    • Value Estimation by Request
      7,978 SF

      504 State St

      FINANCIAL BUILDING • 7,978 SF
      504 State St, Jackson, MS 39201-5305
      View Details
    • Value Estimation
      $410,000
      3,044 SF

      700 St

      FINANCIAL BUILDING • 3,044 SF
      700 St, Jackson, MS 39201-5507
      View Details
    • Value Estimation by Request
      4,408 SF

      140 Pearl St

      FINANCIAL BUILDING • 4,408 SF
      140 Pearl St, Jackson, MS 39201-3003
      View Details
    • Value Estimation by Request
      161,185 SF

      200 Capitol St

      FINANCIAL BUILDING • 161,185 SF
      200 Capitol St, Jackson, MS 39201-2210
      View Details
    • Value Estimation
      $295,000
      5,877 SF

      201 Capitol St, Unit 1

      FINANCIAL BUILDING • 5,877 SF
      201 Capitol St, Jackson, MS 39201-2005
      View Details
    • Value Estimation by Request
      81,407 SF

      227 Amite St

      FINANCIAL BUILDING • 81,407 SF
      227 Amite St, Jackson, MS 39201
      View Details

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      View Details
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    248 Capitol St
    Jackson, MS 39201-2503
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    Realmo Value Estimation

    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.

    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.

    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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