Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2630 Ridgewood Rd, Unit 1B Jackson, MS 39216-4920

    • Commercial real estate
    • 2,032 SF
    OFF-MARKET
    Last Sale
    Nov 15, 2021
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    6.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US50-0177614
    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

    • Donated Dental Services / Dentist
    • Paragon Health Services LLC / Medical Center
    • Rivertree Financial Planning / Financial Planner
    • Purvis Law Firm / Real Estate Attorney
    • Lakeland Radiologists, P.A. / Radiologist

    Property Details for 2630 Ridgewood Rd

    Year built
    1981
    Property size
    2,032 SF
    Property type
    Commercial real estate
    APN
    0590 0086 005
    APU
    5900086005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $295,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $197,000
      Market price range: $123k - $257k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $180,000
      Current use
      MEDICAL BUILDING
      $220,000
      Change: +23% Conversion: Easy
      AUTO REPAIR, GARAGE
      $170,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1415
    Latitude
    32.3312
    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
    $3,448
    $4,220
    $13,707
    $17,927
    -
    $28,130
    $91,380
    $119,510

    Comparable in this City

    • Value Estimation
      $270,000
      875 SF

      2630 Ridgewood Rd, Unit 1C

      COMMERCIAL (GENERAL) • 875 SF
      2630 Ridgewood Rd, Jackson, MS 39216-4920
      View Details
    • Value Estimation
      $265,000
      2,233 SF

      3110 Old Canton Rd

      COMMERCIAL (GENERAL) • 2,233 SF
      3110 Old Canton Rd, Jackson, MS 39216-4219
      View Details
    • Value Estimation
      $480,000
      1,680 SF

      3680 Lakeland Ln

      COMMERCIAL (GENERAL) • 1,680 SF
      3680 Lakeland Ln, Jackson, MS 39216-4707
      View Details
    • Value Estimation
      $380,000
      6,435 SF

      4076 Old Canton Rd

      COMMERCIAL (GENERAL) • 6,435 SF
      4076 Old Canton Rd, Jackson, MS 39216
      View Details
    • Value Estimation
      $380,000
      3,031 SF

      2820 State St

      COMMERCIAL (GENERAL) • 3,031 SF
      2820 State St, Jackson, MS 39216-4305
      View Details
    • Value Estimation
      $290,000
      4,942 SF

      3220 State St

      COMMERCIAL (GENERAL) • 4,942 SF
      3220 State St, Jackson, MS 39216-4005
      View Details

    Similar Nearby for Sale

    • $187,300
      2,976 SF

      Jackson Commercial Building Investment

      Prime Fondren-area commercial property.
      3417 West St, Jackson, MS 39216
      View Details
    • $4,300,000
      16,717 SF

      Trustmark Bank Office Building

      Jackson, MS: Prime Bank Investment
      1887 Lakeland Dr, Jackson, MS 39216
      View Details
    • $1,250,000
      3,250 SF

      Former Bank Building on Lakeland

      Well-maintained 3,250 SF commercial building with high visibility.
      2351 Lakeland Dr, Flowood, MS 39216
      View Details
    • $114,990

      Income-Producing Duplex with Recent Upgrades

      Updated duplex in Fondren area, ideal for investors or homeowners.
      207-209 Dunbar St, Jackson, MS 39216
      View Details
    • Contact for pricing
      21,000 SF

      Jackson Industrial Property: 21,000 SF

      Two-building flex space, ideal owner-user.
      145 Lorenz Blvd, Jackson, MS 39216
      View Details
    • $399,000
      6,643 SF

      Fondren District Office Building

      6,643 SF office building in the Fondren District.
      490 E Woodrow Wilson Ave, Jackson, MS 39216
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,850 SF

      Flowood Office Space For Rent

      Six-story office building near Highway 25 and I-55.
      2506 Lakeland Dr, Flowood, MS 39216
      View Details
    • $8,940 /Mo
      4,126 SF

      Fondren Retail/Restaurant Opportunity

      Prime location in Jackson's vibrant Fondren District.
      3000 Old Canton Rd Lot, Jackson, MS 39216
      View Details
    • $1,650 /Mo
      825 SF

      Office Space in Riverhill Tower

      Conveniently located office spaces with utilities and janitorial included.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $17 SF/Yr
      2,570 SF

      Jackson Medical Office Building

      2,570 SF Vacant Office Space in Jackson, MS
      2680 River Ridge Dr, Jackson, MS 39216
      View Details
    • $6,306 /Mo
      3,153 SF

      Office Space in Convenient Location

      Office spaces available in a highly visible, accessible Jackson location.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $180 SF/Yr
      10,000 SF

      Prime Jackson Office Space

      1,700 SF Available in River Hills
      1880 Lakeland Dr, Jackson, MS 39216
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2630 Ridgewood Rd, Unit 1B
    Jackson, MS 39216-4920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.