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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Medical Office Space
656 State St Jackson, MS 39202-3303
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US50-0247405
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,979 SF
Lot
5 ac (217,800 SF)
APN
0024 0021 000
UPID
US50-0247405
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fresenius Kidney Care Mid Mississippi Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.06M
Owner & transaction history
Rockwell Debt Free Prop INC · 6 yrs held
Rockwell Debt Free Prop INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+41.0%
Commercial (general)
$1.0M
+27.9%
Retail stores
$885,000
+11.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$800,000
Current use
RESTAURANT
$1,125,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: +28% · Conversion: Easy
RETAIL STORES
$885,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,847
Tax year 2023
Assessed value
$179,349
Assessed 2023
Previous assessed
$179,349
+0.0% YoY
Effective rate
22.78%
On assessed value
Assessed land
$38,739
Assessed improvement
$140,610
Land market value
$258,260
Improvement market value
$937,400
Total market value
$1,195,660
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
4
Total area
9,979 SF
Lot
5 ac (217,800 SF)
APN
0024 0021 000
UPID
US50-0247405
Jurisdiction
HINDS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$800,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$760,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
5 ac
Current owner
From public records · entity-resolved
Rockwell Debt Free Prop INC
Entity
Free & Clear · 6 yrs held
Mailing address
1163 BOUNTIFUL HLS DR, BOUNTIFUL, UT 84010-1917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Jun 25, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
May 28, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Apr 23, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Apr 8, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Mar 29, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Mar 21, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Mar 8, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Mar 1, 2019
—
Rockwell Debt Free Prop INC
Owner Name Unavailable
Grant Deed
related
—
Sep 12, 2016
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Dec 18, 2013
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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