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

    6550 Watkins Dr Jackson, MS 39213-8208

    • Office buildings
    • 23,406 SF
    OFF-MARKET
    Last Sale
    Apr 29, 2020
    Value Estimations
    $2,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-1926594
    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

    • Office buildings

    Property Details for 6550 Watkins Dr

    Year built
    2016
    Construction
    FRAME
    Property size
    23,406 SF
    Property type
    Office buildings
    APN
    0712 0003 035
    APU
    7120003035

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,676,000
      Market price range: $828k - $2.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,665,000
      Current use
      COMMERCIAL (GENERAL)
      $2,835,000
      Change: +70% Conversion: Easy
      RESTAURANT
      $2,740,000
      Change: +64% Conversion: Moderate
      RETAIL STORES
      $2,715,000
      Change: +63% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,325,000
      Change: +40% Conversion: Difficult
      MEDICAL BUILDING
      $1,870,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1923
    Latitude
    32.3998
    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
    $108,793
    $0.00
    $565,599
    $565,599
    -
    $0.00
    $3,770,660
    $3,770,660

    Comparable in this City

    • Value Estimation by Request
      200 SF

      1047 Woodrow Wilson Ave

      OFFICE BUILDING • 200 SF
      1047 Woodrow Wilson Ave, Jackson, MS 39213-7440
      View Details
    • Value Estimation by Request
      2,400 SF

      188 Woodrow Wilson Ave

      OFFICE BUILDING • 2,400 SF
      188 Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • Value Estimation
      $520,000
      7,315 SF

      107 Mayes St

      OFFICE BUILDING • 7,315 SF
      107 Mayes St, Jackson, MS 39213-6212
      View Details
    • Value Estimation by Request
      3,348 SF

      2650 Ae Livingston Rd

      OFFICE BUILDING • 3,348 SF
      2650 Ae Livingston Rd, Jackson, MS 39213
      View Details
    • Value Estimation by Request
      2,916 SF

      1286 Northside Dr

      OFFICE BUILDING • 2,916 SF
      1286 Northside Dr, Jackson, MS 39213-4909
      View Details
    • Value Estimation by Request
      2,444 SF

      2455 Livingston Rd

      OFFICE BUILDING • 2,444 SF
      2455 Livingston Rd, Jackson, MS 39213-6921
      View Details

    Similar Nearby for Sale

    • $500,000
      8,651 SF

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • $295,000

      Commercial Property on Livingston Road

      Commercial property suitable for retail, office, or mixed-use development.
      2435 Livingston Rd, Jackson, MS 39213
      View Details
    • Contact for pricing
      37,921 SF

      Jackson School Redevelopment Opportunity

      37,921 SF Single-Story School Building
      1224 Eminence Row, Jackson, MS 39213
      View Details
    • Contact for pricing
      0.09 Acres

      Land Parcel in Jackson, MS

      Land parcel available in Jackson, MS, ideal for investment.
      Julienne St, Jackson, MS 39213
      View Details
    • Contact for pricing
      1.18 Acres

      Jackson Commercial Land Lease

      High-Visibility Lot, Prime Location
      1001 County Line Rd, Jackson, MS 39213
      View Details
    • Contact for pricing
      5.10 Acres

      Jackson Industrial Land - 5.1 Acres

      Prime Jackson location, Light Industrial zoning, redevelopment opportunity.
      2550 Medgar Evers Blvd, Jackson, MS 39213
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Renovated Office Building with Lake Views

      Class A+ office building with recent renovations and lake views.
      6425 Lakeover Rd, Jackson, MS 39213
      View Details
    • $18 SF/Yr
      23,745 SF

      Jackson Executive Office Suites

      Class A Office Space, 2 Suites Available
      6425 Lakeover Rd, Jackson, MS 39213
      View Details
    • $6,488 /Mo
      8,651 SF

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • $6 SF/Yr
      22,500 SF

      Jackson Industrial Space for Lease

      22,500 SF Office/Warehouse, 3.5 Acres
      755 Stonewall St, Jackson, MS 39213
      View Details
    • Contact for pricing
      22,500 SF

      Office/Warehouse Space in Jackson, MS

      22,500 SF office/warehouse on 3.5 acres for lease.
      755 Stonewall St, Jackson, MS 39213
      View Details
    • Contact for pricing

      Warehouse Near Major Interstates

      Warehouse with convenient access to I-220, I-55, and I-20.
      190 NW Industrial Pkwy, Jackson, MS 39213
      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.
    6550 Watkins Dr
    Jackson, MS 39213-8208
    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!