Add Listing
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

    5903 Ridgewood Rd Jackson, MS 39211-3700

    • Medical Office Space
    • 173,372 SF
    • 15.40 lot acres
    OFF-MARKET
    Value Estimations
    $23,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0349522
    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

    • Bryan Barksdale, M.D. / Physician
    • James M. Bensler, M.D. / Physician
    • Ervin R. Fox, M.D. / Physician
    • Allen C. Richert Jr., M.D. / Physician
    • Charles R. Pound, M.D. / Physician / Medical Clinic

    Property Details for 5903 Ridgewood Rd

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.40 lot acres
    Property size
    173,372 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0709 0003 004
    APU
    7090003004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,710,000
      6.5%
      $26,500,000
      7%
      $24,610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $19,892,000
      Market price range: $7.62M - $19.9M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $14,710,000
      RESTAURANT
      $14,510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1436
    Latitude
    32.3899
    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
    $553,147
    $553,430
    $2,322,300
    $2,875,730
    -
    $3,689,530
    $15,482,000
    $19,171,530

    Comparable in this City

    • Value Estimation by Request
      3,817 SF

      4880 I 55th N

      MEDICAL CLINIC • 3,817 SF
      4880 I 55th N, Jackson, MS 39211-5469
      View Details
    • Value Estimation by Request
      3,613 SF

      6050 I 55th N

      MEDICAL CLINIC • 3,613 SF
      6050 I 55th N, Jackson, MS 39211-2641
      View Details
    • Value Estimation by Request
      3,293 SF

      3710 I 55th N

      MEDICAL CLINIC • 3,293 SF
      3710 I 55th N, Jackson, MS 39211-6323
      View Details
    • Value Estimation by Request
      3,825 SF

      5005 Old Canton Rd

      MEDICAL CLINIC • 3,825 SF
      5005 Old Canton Rd, Jackson, MS 39211-5421
      View Details
    • Value Estimation
      $1,120,000
      23,075 SF

      Old Canton Rd

      MEDICAL CLINIC • 23,075 SF
      Old Canton Rd, Jackson, MS 39211
      View Details
    • Value Estimation by Request
      3,744 SF

      12 Northtown Dr

      MEDICAL CLINIC • 3,744 SF
      12 Northtown Dr, Jackson, MS 39211-3016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,403 SF

      Customizable Office Space For Sale

      Shell office space for custom build-out in a high-profile location.
      4450 North Frontage Rd, Jackson, MS 39211
      View Details
    • New
      $395,000
      4,679 SF

      Professional Office Building in Jackson

      Office building with 4,679 SF, zoned C-3, Northeast Jackson.
      17 Northtown Dr, Jackson, MS 39211
      View Details
    • $825,000

      Versatile Retail/Office/Warehouse Space

      Prime Jackson location with retail, office, and warehouse potential.
      1434 Old Square Rd, Jackson, MS 39211
      View Details
    • $489,000

      NE Jackson Office Building

      4,106 SF building in NE Jackson, MS.
      1411 Old Square Rd, Jackson, MS 39211
      View Details
    • $1,025,000
      12,318 SF

      Prime Jackson Commercial Property

      12,318 SF Flex Space, $1.025M
      1434 Old Square Rd, Jackson, MS 39211
      View Details
    • $825,000
      12,318 SF

      Versatile Retail/Office/Warehouse Space

      Prime Jackson location with retail, office, and warehouse potential.
      1434 Old Square Rd, Jackson, MS 39211
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      42,000 SF

      Jackson Medical Office Space

      Prime Jackson, MS office suites available.
      4070 Frontage Rd, Jackson, MS 39211
      View Details
    • $778 /Mo
      612 SF

      Office Space in Jackson, MS

      Office space available for rent in Jackson, Mississippi.
      1625 E County Line Rd, Jackson, MS 39211
      View Details
    • $1,863 /Mo

      Turn-Key Office/Retail Space Available

      Office/retail space with direct visibility, ready for immediate occupancy.
      1625 E County Line Rd, Jackson, MS 39211
      View Details
    • Contact for pricing
      120,000 SF

      One Eastover Center: Executive Suites

      Class A Office Space, Hinds County
      100 Vision Dr, Jackson, MS 39211
      View Details
    • Contact for pricing
      4,459 SF

      Move-in-Ready Office Space

      Recently built-out office space available for rent.
      4266 I 55 N, Jackson, MS 39211
      View Details
    • $26 SF/Yr
      81,831 SF

      Highland Bluff Office Space

      Class A Office, Northeast Jackson
      4400 Old Canton Rd, Jackson, MS 39211
      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.
    5903 Ridgewood Rd
    Jackson, MS 39211-3700
    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.
    Sign Up Successful!
    You now have access to more from Realmo!