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

    344 Mart Plz Jackson, MS 39206-5318

    • Medical offices
    • 2,206 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    7.6%
    Medical offices
    Location Intelligence
    Property ID
    US50-0399609
    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

    • Medical offices

    Property Details for 344 Mart Plz

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,206 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0430 0016 014
    APU
    4300016014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $315,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $175,000
      Current use
      COMMERCIAL (GENERAL)
      $210,000
      Change: +19% Conversion: Easy
      OFFICE BUILDING
      $190,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1736
    Latitude
    32.3516
    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
    $2,386
    $4,596
    $7,808
    $12,404
    -
    $30,640
    $52,050
    $82,690

    Comparable in this City

    • Value Estimation
      $255,000
      2,342 SF

      3855 Azalea Dr

      MEDICAL BUILDING • 2,342 SF
      3855 Azalea Dr, Jackson, MS 39206-5105
      View Details
    • Value Estimation
      $760,000
      26,826 SF

      571 Beasley Rd

      MEDICAL BUILDING • 26,826 SF
      571 Beasley Rd, Jackson, MS 39206-3042
      View Details
    • Value Estimation
      $330,000
      6,248 SF

      5208 State St

      MEDICAL CLINIC • 6,248 SF
      5208 State St, Jackson, MS 39206-3450
      View Details
    • Value Estimation
      $370,000
      4,031 SF

      5440 Watkins Dr

      MEDICAL CLINIC • 4,031 SF
      5440 Watkins Dr, Jackson, MS 39206-2034
      View Details
    • Value Estimation
      $230,000
      1,999 SF

      406 Briarwood Dr

      MEDICAL CLINIC • 1,999 SF
      406 Briarwood Dr, Jackson, MS 39206-3039
      View Details
    • Value Estimation by Request
      9,733 SF

      4915 Frontage Rd

      Medical offices • 9,733 SF
      4915 Frontage Rd, Jackson, MS 39206
      View Details

    Similar Nearby for Sale

    • $550,000
      9,733 SF

      I-55 Office Complex: Jackson, MS

      9,733 SF Office Building, Owner/User Opportunity
      4915 Frontage Rd, Jackson, MS 39206
      View Details
    • $335,000
      2,588 SF

      Office Building For Sale

      Single-story office building with subdivision potential in Interstate 55 corridor.
      4515 Office Park Dr, Jackson, MS 39206
      View Details
    • $1,700,000
      26,742 SF

      I-55 Plaza Office Complex

      Jackson, MS Executive Office Building
      4915 I-55, Jackson, MS 39206
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    • $200,000
      1,990 SF

      Executive Office Building, Jackson MS

      1,990 SF Executive Office, 100% Occupied
      4562 Office Park Dr, Jackson, MS 39206
      View Details
    • $170,000
      5,000 SF

      Office Building in Office Park

      Office building with 5,000 square feet of space.
      114 Office Park Plz, Jackson, MS 39206
      View Details
    • New
      $1,800,000
      20,000 SF

      Versatile Commercial Property with I-55 Frontage

      Flexible commercial property with high visibility and development potential.
      5295 I-55 N Frontage Rd, Jackson, MS 39206
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,200 SF

      Briarwood Drive Office Space

      Class A Office Suites, North Jackson
      406 Briarwood Dr, Jackson, MS 39206
      View Details
    • $9 SF/Yr
      90,000 SF

      Wind River Office Park: Jackson, MS

      Versatile Office Space, Jackson MS
      405 Briarwood Dr, Jackson, MS 39206
      View Details
    • $13 SF/Yr
      8,800 SF

      Jackson Office & Retail Space

      Prime Hanging Moss Rd location, flexible suites.
      3931 Hanging Moss Rd, Jackson, MS 39206
      View Details
    • $695 /Mo
      795 SF

      Renovated Office Suites Available

      Completely renovated office suites with various layouts for rent.
      360 Comet Dr, Jackson, MS 39206
      View Details
    • $13 SF/Yr
      26,742 SF

      Jackson Office Space - I-55 Access

      Prime Jackson office space, multiple suites available.
      4915 I-55, Jackson, MS 39206
      View Details
    • $18 SF/Yr
      8,077 SF

      State Street Office & Retail Space

      Prime Hinds County location, renovated suites.
      4807 State St, Jackson, MS 39206
      View Details
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    344 Mart Plz
    Jackson, MS 39206-5318
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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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