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

    3000 Old Canton Rd Lot, Unit 105 Jackson, MS 39216

    • Office buildings
    • 46,715 SF
    • 1.18 lot acres
    For Lease
    View listing
    $8,940 /Mo
    Value Estimations
    $1,160,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0126393
    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

    • 6 Appeal Vitality & Wellness / Wellness Center / Medical Spa
    • Marie Rothman / Counselor / Eating Disorder Treatment Center
    • Central Mississippi Therapy Solutions, LLC - Bahar Dunn, M.S., LMFT / Marriage Or Relationship Counselor / Counselor
    • Cabell Eye Clinic / Medical Clinic / Doctor
    • Northwestern Mutual / Financial Planner / Financial Consultant

    Property Details for 3000 Old Canton Rd Lot

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.18 lot acres
    Property size
    46,715 SF
    Property type
    Office buildings
    APN
    0002 0015 000
    APU
    20015000

    Description

    This five-story, Class A medical office building, located at 3000 Old Canton Rd in Jackson, MS, 39216, offers a unique blend of retail and medical office spaces. Totaling 53,981 square feet, the property boasts a prime location in the heart of the historic Fondren district, conveniently situated near the University of Mississippi Medical Center. Originally constructed in 1960 and extensively renovated in 2019, the building is zoned as Urban Town Center and situated in Hinds County. Multiple tenancies are available, ranging from 605 to 2,541 square feet, making it ideal for a variety of businesses. The building's strategic location provides easy access to Jackson's vibrant arts and culinary scene, ensuring high visibility and foot traffic. This property presents a rare opportunity to acquire a well-maintained, modern facility in a thriving and highly desirable area of Jackson, Mississippi. The building's modern amenities, combined with its historical charm and convenient location, make it an exceptional investment opportunity. Interested parties should inquire about available spaces and lease terms. The property is classified as Retail and Office, with a subtype of Medical Office, retail, and bar.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1736
    Latitude
    32.3347
    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
    $77,890
    $45,293
    $319,287
    $364,580
    -
    $301,950
    $2,128,580
    $2,430,530

    Comparable in this City

    • Value Estimation
      $535,000
      16,097 SF

      1817 Crane Rdg Dr

      OFFICE BUILDING • 16,097 SF
      1817 Crane Rdg Dr, Jackson, MS 39216-4979
      View Details
    • Value Estimation by Request
      2,496 SF

      838 Lakeland Dr

      OFFICE BUILDING • 2,496 SF
      838 Lakeland Dr, Jackson, MS 39216-4644
      View Details
    • Value Estimation by Request
      3,972 SF

      880 Lakeland Dr

      OFFICE BUILDING • 3,972 SF
      880 Lakeland Dr, Jackson, MS 39216-4644
      View Details
    • Value Estimation by Request
      4,500 SF

      2969 University N Dr

      OFFICE BUILDING • 4,500 SF
      2969 University N Dr, Jackson, MS 39216-4122
      View Details
    • Value Estimation
      $415,000
      12,718 SF

      2678 Crane Rdg Dr

      OFFICE BUILDING • 12,718 SF
      2678 Crane Rdg Dr, Jackson, MS 39216
      View Details
    • Value Estimation
      $310,000
      4,640 SF

      2625 Ridgewood Rd, Unit 39

      OFFICE BUILDING • 4,640 SF
      2625 Ridgewood Rd, Jackson, MS 39216-4900
      View Details

    Similar Nearby for Sale

    • $395,000
      14,032 SF

      Jackson Office Building For Sale

      10,241 SF office building in Jackson, MS for sale.
      1985 Lakeland Dr, Jackson, MS 39216
      View Details
    • $399,000
      6,643 SF

      Fondren District Office Building

      6,643 SF office building in the Fondren District.
      490 E Woodrow Wilson Ave, Jackson, MS 39216
      View Details
    • $4,300,000
      16,717 SF

      Trustmark Bank Office Building

      Jackson, MS: Prime Bank Investment
      1887 Lakeland Dr, Jackson, MS 39216
      View Details
    • $285,000
      2,570 SF

      Jackson Medical Office Building

      Vacant, 2570 sq ft, $285,000
      2680 River Ridge Dr, Jackson, MS 39216
      View Details
    • $290,000
      4,144 SF

      Office Space Near Lakeland Drive

      Office property with monument signage and scenic views for sale.
      3 Lakeland Cir, Jackson, MS 39216
      View Details
    • $400,000
      4,200 SF

      Prime Jackson Office/Residential Property

      4,200 SF Office, 100% Occupied, High NOI
      12 Lakeland Cir, Jackson, MS 39216
      View Details

    Similar Nearby for Lease

    • $2,750,000
      16,434 SF

      Two-Story Building with Flex Space

      Two-story building with flex space available for lease or sale.
      1919 Lakeland Dr, Jackson, MS 39216
      View Details
    • $699,000
      4,848 SF

      Renovated Office Building with Visibility

      Renovated office building with modern amenities and high traffic frontage.
      10 Lakeland Cir, Jackson, MS 39216
      View Details
    • $20 SF/Yr
      1,850 SF

      Flowood Office Space For Rent

      Six-story office building near Highway 25 and I-55.
      2506 Lakeland Dr, Flowood, MS 39216
      View Details
    • $1,650 /Mo
      825 SF

      Office Space in Riverhill Tower

      Conveniently located office spaces with utilities and janitorial included.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $17 SF/Yr
      2,570 SF

      Jackson Medical Office Building

      2,570 SF Vacant Office Space in Jackson, MS
      2680 River Ridge Dr, Jackson, MS 39216
      View Details
    • $6,306 /Mo
      3,153 SF

      Office Space in Convenient Location

      Office spaces available in a highly visible, accessible Jackson location.
      1675 Lakeland Dr, Jackson, MS 39216
      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.
    3000 Old Canton Rd Lot, Unit 105
    Jackson, MS 39216
    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.