Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    613 St Jackson, MS 39201-5506

    • Banks
    • 4,299 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0328755
    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

    • Banks

    Property Details for 613 St

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.38 lot acres
    Property size
    4,299 SF
    Property type
    Banks
    APN
    0181 0045 000
    APU
    1810045000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $228,000
      Market price range: $229k - $391k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1855
    Latitude
    32.2942
    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
    $6,657
    $8,025
    $26,585
    $34,610
    -
    $53,500
    $177,230
    $230,730

    Comparable in this City

    • Value Estimation
      $400,000
      7,978 SF

      504 State St

      FINANCIAL BUILDING • 7,978 SF
      504 State St, Jackson, MS 39201-5305
      View Details
    • Value Estimation
      $285,000
      3,044 SF

      700 St

      FINANCIAL BUILDING • 3,044 SF
      700 St, Jackson, MS 39201-5507
      View Details
    • Value Estimation
      $315,000
      4,408 SF

      140 Pearl St

      FINANCIAL BUILDING • 4,408 SF
      140 Pearl St, Jackson, MS 39201-3003
      View Details
    • Value Estimation
      $370,000
      128 SF

      President St

      FINANCIAL BUILDING • 128 SF
      President St, Jackson, MS 39201
      View Details
    • Value Estimation
      $1,200,000
      313,761 SF

      210 Capitol St

      FINANCIAL BUILDING • 313,761 SF
      210 Capitol St, Jackson, MS 39201-2306
      View Details
    • Value Estimation
      $825,000
      161,185 SF

      200 Capitol St

      FINANCIAL BUILDING • 161,185 SF
      200 Capitol St, Jackson, MS 39201-2210
      View Details

    Similar Nearby for Sale

    • $360,000
      4,074 SF

      Downtown Jackson Mixed-Use Investment

      Mixed-use property in historic district with income and value-add potential.
      109 N State St, Jackson, MS 39201
      View Details
    • $1,187,625
      8,606 SF

      Newly Renovated Dollar Tree Store

      NNN Dollar Tree store for sale in Jackson, Mississippi.
      914 North State St, Jackson, MS 39201
      View Details
    • $5,900,000
      110,500 SF

      Downtown Jackson Retail Gem

      Historic building, modern amenities, high visibility
      308 Pearl St, Jackson, MS 39201
      View Details
    • Contact for pricing
      1.15 Acres

      Jackson Industrial Land - 1.15 Acres

      Prime Jackson industrial land, 22,930 sq ft, owner-user opportunity.
      317 Rankin St, Jackson, MS 39201
      View Details
    • $250,000

      Redevelopment Opportunity on J R Lynch

      Land suitable for redevelopment into single-family, mixed-use, retail.
      2720 J R Lynch St, Jackson, MS 39201
      View Details
    • Contact for pricing
      1.25 Acres

      Industrial Land Near Downtown Jackson

      1.25 acres of industrial land near Downtown Jackson.
      West St, Jackson, MS 39201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,879 SF

      Retail Space in Flowood, MS

      Retail space available in a large shopping center.
      310-384 Ridge Way, Flowood, MS 39201
      View Details
    • $22 SF/Yr
      1,560 SF

      Flowood Office/Retail Space For Rent

      Move-in ready office/retail space in a mixed-use development.
      111 Market St, Flowood, MS 39201
      View Details
    • $24 SF/Yr
      4,502 SF

      Retail Space in Fondren Heart

      Freestanding building in the heart of Fondren, Jackson, MS.
      2725 N State St, Jackson, MS 39201
      View Details
    • Contact for pricing
      5,876 SF

      Flowood Retail Opportunity For Rent

      Retail property with drive-thru and outdoor patio available for lease.
      200 Ridge Way, Flowood, MS 39201
      View Details
    • $16 SF/Yr
      104,041 SF

      Electric 308: Downtown Jackson Office

      Historic Jackson Office Space, 7 Suites Available
      308 Pearl St, Jackson, MS 39201
      View Details
    • $18 SF/Yr
      95,061 SF

      Heritage Building: Jackson Office Space

      Historic Downtown Jackson Office Suites, 10 Spaces Available
      401 Capitol St, Jackson, MS 39201
      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.
    613 St
    Jackson, MS 39201-5506
    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.