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    Property profile & analytics

    4531 State St, Unit 45 Jackson, MS 39206-5308

    • Shopping centers
    • 46,507 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0248799
    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

    • Rent-A-Center / Furniture Rental Service / Furniture Store

    Property Details for 4531 State St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.83 lot acres
    Property size
    46,507 SF
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    0430 0009 000
    APU
    4300009000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,125,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,362,000
      Market price range: $842k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.175
    Latitude
    32.3548
    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
    $36,453
    $42,993
    $146,522
    $189,515
    -
    $286,620
    $976,810
    $1,263,430

    Comparable in this City

    • Value Estimation
      $1,320,000
      85,159 SF

      225 Meadowbrook Rd

      SHOPPING CENTER COMMON AREA • 85,159 SF
      225 Meadowbrook Rd, Jackson, MS 39206-5252
      View Details
    • Value Estimation
      $345,000
      7,432 SF

      5735 I 55th N

      SHOPPING CENTER COMMON AREA • 7,432 SF
      5735 I 55th N, Jackson, MS 39206-2939
      View Details
    • Value Estimation
      $1,175,000
      50,832 SF

      4447 State St, Unit 87

      SHOPPING CENTER COMMON AREA • 50,832 SF
      4447 State St, Jackson, MS 39206-5306
      View Details
    • Value Estimation
      $320,000
      9,019 SF

      4429 State St, Unit 41

      SHOPPING CENTER COMMON AREA • 9,019 SF
      4429 State St, Jackson, MS 39206-5306
      View Details
    • Value Estimation
      $1,020,000
      58,369 SF

      1020 Frst Ave, Unit 70

      SHOPPING CENTER COMMON AREA • 58,369 SF
      1020 Frst Ave, Jackson, MS 39206-3203
      View Details
    • Value Estimation by Request
      3,251 SF

      5360 Highland Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,251 SF
      5360 Highland Dr, Jackson, MS 39206-3448
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,402 SF

      Chastain Middle School: Redevelopment Opportunity

      113,402 SF former school building. Prime redevelopment site.
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    • $682,300
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      Turnkey Retail Property Investment

      12-unit commercial/retail property with strong cash flow and high occupancy.
      5440 Executive Pl, Jackson, MS 39206
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    • $4,592,000
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      NNN Retail Investment Opportunity

      NNN leased investment opportunity with long-term passive income stream.
      305 Meadowbrook Rd, Jackson, MS 39206
      View Details
    • $990,000
      6,973 SF

      Jackson Retail Storefront Investment

      High-return retail property in prime location.
      4501 Frontage Rd, Jackson, MS 39206
      View Details
    • $1,475,000
      41,567 SF

      Prime Jackson Retail Storefront

      41,567 SF Retail Space, High Traffic Area
      1010 Northside Dr, Jackson, MS 39206
      View Details
    • Contact for pricing
      6,718 SF

      Freestanding Retail Property Available

      Retail property in a high-visibility location with ease of access.
      205 W Northside Dr, Jackson, MS 39206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,345 SF

      Meadowbrook Shopping Center: Prime Retail Space

      High-traffic retail center; multiple spaces available.
      225 Meadowbrook Rd, 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
    • $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
    • $1,000 /Mo
      1,500 SF

      Retail Space Available For Rent

      Retail space available for lease in Jackson, Mississippi.
      4149 Northview Dr, Jackson, MS 39206
      View Details
    • $23 SF/Yr
      3,540 SF

      I-55 Retail Space: Jackson, MS

      High-visibility retail space near Banner Hall.
      4501 Frontage Rd, Jackson, MS 39206
      View Details
    • $14 SF/Yr
      3,200 SF

      Briarwood Drive Office Space

      Class A Office Suites, North Jackson
      406 Briarwood Dr, Jackson, MS 39206
      View Details
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    Jackson, MS 39206-5308
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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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