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    6519 Jasmine St Moss Point, MS 39563
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    6519 Jasmine St, Moss Point, MS 39563

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    • Apartment buildings
    • 6,523 SF
    For Sale
    $379,900
    View Listing →
    Moss Point Multifamily Investment Opportunity For Sale
    $379,900
    6,523 SF

    Moss Point Multifamily Investment Opportunity

    Nine-unit apartment building near major employers in Moss Point, MS.

    6519 Jasmine Street, Moss Point, MS 39563
    View Listing
    Property ID
    US50-0247830
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6519 Jasmine St

    Property type
    Apartment buildings

    Description

    Apartment - Moss Point, MS This 9-unit apartment building offers a solid investment opportunity in a convenient location near two of Jackson County's largest employers: Ingalls Shipbuilding and the Chevron Refinery, ensuring steady rental demand. With two 3-bed/2-bath units, six 2-bed/1-bath units, and one 1-bed/1-bath unit, this property is well-suited for steady occupancy by providing a range of rental options. Zoned R-4 High-Density Residential, it also offers potential for future growth. Each unit is individually metered for electricity and paid directly by the tenants, while the owner covers the costs of water and dumpster services. Additionally, the property is situated in an X500 flood zone, meaning flood insurance is not required, which helps keep operating costs down. With affordable property prices and a growing workforce in the area, rental properties like this offer consistent income and the potential for long-term value appreciation, making it a sound choice for investors seeking a stable asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Moss Point
    County
    Jackson
    State
    Mississippi
    Longitude
    -88.5012324
    Latitude
    30.3982211

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      Moss Point Multifamily Property

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      Moss Point Commercial Duplex

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      Moss Point Multifamily Investment Opportunity

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      2,552 SF

      Live-Work Opportunity on Main Street

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    Similar Nearby for Sale

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      Moss Point Multifamily Investment Property

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      3907 Branch St, Moss Point, MS 39563
      View Details
    • $164,000
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      Moss Point Multifamily Property

      Four-unit multifamily property in Moss Point, Mississippi.
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      View Details
    • $114,900
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      Moss Point Commercial Duplex

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      1,621 SF

      Moss Point Duplex on Main

      Income-producing duplex in Moss Point's Central Business District.
      4718 Main St, Moss Point, MS 39563
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    • $114,900
      1,621 SF

      Moss Point Multifamily Investment Opportunity

      Income-producing duplex in Moss Point's Central Business District.
      4718 Main St, Moss Point, MS 39563
      View Details
    • Contact for pricing
      2,552 SF

      Live-Work Opportunity on Main Street

      Two-story commercial building with office and apartment in high-traffic area.
      3433 Main St, Moss Point, MS 39563
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
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      Downtown Moss Point Office Space

      Office space for rent in downtown Moss Point, Mississippi.
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      View Details
    • $9 SF/Yr

      Industrial Facility Near Highway 90

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      Industrial Building on Fenced Land

      Industrial building with office space and ample yard area.
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      Moss Point Industrial Facility

      Versatile industrial facility with office space for lease.
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      High Visibility Retail Building

      Freestanding retail building on corner lot near I-10.
      7500 Highway 613, Moss Point, MS 39563
      View Details
    • $3,750 /Mo

      Highway 63 Warehouse/Office Sublease

      5,700 SF flex space with ample laydown yard.
      Moss, Moss Point, MS 39563
      View Details
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    Moss Point, MS 39563
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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.

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