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    Property profile & analytics

    5317 21st N Hwy 55 Jackson, MS 39206

    • Retail space
    • 7,324 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0203141
    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

    • Retail space

    Property Details for 5317 21st N Hwy 55

    Year built
    1985
    Lot size
    0.48 lot acres
    Property size
    7,324 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    0504 0804 001
    APU
    5040804001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $676,000
      Market price range: $266k - $762k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $485,000
      Current use
      RESTAURANT
      $790,000
      Change: +62% Conversion: Easy
      COMMERCIAL (GENERAL)
      $700,000
      Change: +44% Conversion: Easy
      OFFICE BUILDING
      $635,000
      Change: +31% Conversion: Easy
      MEDICAL BUILDING
      $585,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $480,000
      Change: -1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $435,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1495
    Latitude
    32.3709
    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
    $12,300
    $25,313
    $38,634
    $63,947
    -
    $168,750
    $257,560
    $426,310

    Comparable in this City

    • Value Estimation by Request
      6,740 SF

      115 Triangle Dr

      STORE, RETAIL OUTLET • 6,740 SF
      115 Triangle Dr, Jackson, MS 39206-5215
      View Details
    • Value Estimation by Request
      3,116 SF

      3919 Hanging Moss Rd

      STORE, RETAIL OUTLET • 3,116 SF
      3919 Hanging Moss Rd, Jackson, MS 39206-4710
      View Details
    • Value Estimation by Request
      7,043 SF

      4527 State St

      STORE, RETAIL OUTLET • 7,043 SF
      4527 State St, Jackson, MS 39206-5308
      View Details
    • Value Estimation by Request
      1,950 SF

      4145 State St

      STORE, RETAIL OUTLET • 1,950 SF
      4145 State St, Jackson, MS 39206-5757
      View Details
    • Value Estimation by Request
      1,493 SF

      4897 State St

      STORE, RETAIL OUTLET • 1,493 SF
      4897 State St, Jackson, MS 39206-4827
      View Details
    • Value Estimation by Request
      3,409 SF

      Northview Dr

      STORE, RETAIL OUTLET • 3,409 SF
      Northview Dr, Jackson, MS 39206
      View Details

    Similar Nearby for Sale

    • $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
    • $990,000
      6,973 SF

      Jackson Retail Storefront Investment

      High-return retail property in prime location.
      4501 Frontage Rd, Jackson, MS 39206
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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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    • $115,000
      Pending

      Retail Space in Jackson, MS

      6,700+ sqft retail space with potential for multiple tenants.
      115 Triangle 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
    • $5,857,000
      14,550 SF

      Walgreens Jackson, MS NNN Lease

      High-yield Walgreens investment; 10+ years remaining
      310 Meadowbrook Rd, Jackson, MS 39206
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    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
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      Retail space available for lease in Jackson, Mississippi.
      4149 Northview Dr, Jackson, MS 39206
      View Details
    • $1,270 /Mo
      1,100 SF

      Retail/Office Space on Hanging Moss

      Multi-tenant space suitable for retail, office, or restaurant use.
      3931 Hanging Moss Rd, Jackson, MS 39206
      View Details
    • $12 SF/Yr
      1,000 SF

      Retail Pad Redevelopment Opportunity

      Ground lease opportunity in Meadowbrook Shopping Center, Jackson, Mississippi.
      225 Meadowbrook 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
    • $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
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    5317 21st N Hwy 55
    Jackson, MS 39206
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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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