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    Property profile & analytics

    Ray Shopping Ctr New Albany, MS 38652

    • Retail space
    • 9,715 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US50-1586502
    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

    • Retail space

    Property Details for Ray Shopping Ctr

    Year built
    1960
    Lot size
    1.13 lot acres
    Property size
    9,715 SF
    Property type
    Retail space
    APN
    024N-06-095.00
    APU
    024N0609500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Union
    State
    Mississippi
    Longitude
    -89.0235
    Latitude
    34.4982

    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
    $5,446
    $0.00
    $0.00
    $37,931
    -
    $22,420
    $230,450
    $252,870

    Comparable in this City

    • Value Estimation by Request
      2.86 Acres

      603 Carter Ave

      RETAIL STORES (PERSONAL SERVICES) • 2.86 Acres
      603 Carter Ave, New Albany, MS 38652-3308
      View Details
    • Value Estimation by Request
      3,000 SF

      Clarke St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      Clarke St, New Albany, MS 38652
      View Details
    • Value Estimation by Request
      2,844 SF

      108 State Hwy 15th S

      RETAIL STORES (PERSONAL SERVICES) • 2,844 SF
      108 State Hwy 15th S, New Albany, MS 38652-5224
      View Details
    • Value Estimation by Request
      1,482 SF

      New Albany, MS 38652

      RETAIL STORES (PERSONAL SERVICES) • 1,482 SF
      New Albany, MS 38652
      View Details
    • Value Estimation by Request
      7,708 SF

      New Albany, MS 38652

      RETAIL STORES (PERSONAL SERVICES) • 7,708 SF
      New Albany, MS 38652
      View Details
    • Value Estimation by Request
      3,702 SF

      Tammys

      RETAIL STORES (PERSONAL SERVICES) • 3,702 SF
      Tammys, New Albany, MS 38652
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
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      Retail Space in New Albany

      Retail space available for lease in New Albany, Mississippi.
      334-340 Park Plaza Dr, New Albany, MS 38652
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    • $1.94 SF/Yr
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    Ray Shopping Ctr
    New Albany, MS 38652
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    Realmo Value Estimation

    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.

    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.

    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
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