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

    318 Leggett Dr Richland, MS 39218-4449

    • Office Properties & Spaces
    • 4,781 SF
    • 2.72 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0911980
    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

    • Office Properties & Spaces

    Property Details for 318 Leggett Dr

    Year built
    2015
    Lot size
    2.72 lot acres
    Property size
    4,781 SF
    Property type
    Office Properties & Spaces
    APN
    C08D000005 00181
    APU
    C08D00000500181

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $647,000
      Market price range: $195k - $647k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000
      Current use
      RETAIL STORES
      $410,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $405,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1769
    Latitude
    32.2634
    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
    $11,467
    $0.00
    $0.00
    $63,718
    -
    $177,730
    $247,050
    $424,780

    Comparable in this City

    • Value Estimation by Request
      1,739 SF

      108 Interstate Dr

      OFFICE (GENERAL) • 1,739 SF
      108 Interstate Dr, Richland, MS 39218-9427
      View Details
    • Value Estimation by Request
      2,940 SF

      160 Interstate Dr

      OFFICE (GENERAL) • 2,940 SF
      160 Interstate Dr, Richland, MS 39218-9427
      View Details
    • Value Estimation by Request
      1,883 SF

      201 Jefferson St

      OFFICE (GENERAL) • 1,883 SF
      201 Jefferson St, Richland, MS 39218-9550
      View Details
    • Value Estimation by Request
      3,502 SF

      150 Linda Jo Dr

      OFFICE (GENERAL) • 3,502 SF
      150 Linda Jo Dr, Richland, MS 39218-9225
      View Details
    • Value Estimation
      $1,465,000
      10,835 SF

      125 Riverview Dr

      OFFICE (GENERAL) • 10,835 SF
      125 Riverview Dr, Richland, MS 39218-4401
      View Details
    • Value Estimation by Request
      14,081 SF

      120 Scarbrough St

      CONDOMINIUM OFFICES • 14,081 SF
      120 Scarbrough St, Richland, MS 39218-9797
      View Details

    Similar Nearby for Sale

    • $337,500
      Pending

      Office Warehouse on Highway 49

      Small office warehouse with frontage on Highway 49.
      625 Highway 49, Richland, MS 39218
      View Details
    • $1,000,000
      1.65 Acres

      Executive Suites, Ventura County

      Premium Office Space Available Now
      734 Highway 49, Richland, MS 39218
      View Details
    • $1,800,000
      12.77 Acres

      Richland Commercial Land Opportunity

      12.77 Acres, Prime Location, $1.8M
      0 Harper St, Richland, MS 39218
      View Details
    • $240,000
      7.89 Acres

      Richland, MS Wooded Land

      7+ acres of wooded land zoned for multi-family use.
      Roland Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      13.37 Acres

      Richland Industrial Land - 13 Acres

      Prime 13-acre industrial site in Richland, MS.
      0 Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing

      1 Acre Commercial Land, Richland, MS

      High-traffic US 49 frontage, prime location.
      49 Frontage Rd, Richland, MS 39218
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,000 SF

      Richland, MS Industrial Property

      5,000 SF Office/Warehouse Space Available
      0 Aerosmith Dr, Richland, MS 39218
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Flex Space Available

      Industrial flex space for lease in Richland, Mississippi.
      199 Interstate Dr, Richland, MS 39218
      View Details
    • $27 SF/Yr
      6,900 SF

      Richland MS Retail Endcap Suite

      High-traffic retail space available.
      890 Us 49, Richland, MS 39218
      View Details
    • Contact for pricing
      89,452 SF

      Prime Rankin County Warehouse

      Spacious 89,452 SF Warehouse Available
      102 Carrier Blvd, Richland, MS 39218
      View Details
    • $21 SF/Yr
      1,628 SF

      Richland Retail Space - Highway 49

      High-visibility retail space, 1628 sq ft.
      1055 Highway 49, Richland, MS 39218
      View Details
    • Contact for pricing
      110,390 SF

      Richland Industrial Facility Pre-Leasing

      110,390 SF industrial facility with build-to-suit options available.
      129 Interstate Dr, Richland, MS 39218
      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.
    318 Leggett Dr
    Richland, MS 39218-4449
    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.