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    Renovated Office Suite with Reception Title is generated by Realmo AI

    3000 Old Canton Road, Jackson, MS 39216

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    For Lease
    $1,242/Mo $20 SF/Yr (calc)

    COMMERCIAL - Jackson, MS

    Type:Office
    Property size:
    745 SF
    Lot size:
    1.18 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 3000 Old Canton Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    180
    Standard status
    Active
    APN
    2-15
    Size
    745 SF
    Lot size
    1.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BEG E/S OLD CANTON RD 212.6 FT N/LY FROM LAKELAND DR THENCE N/LY 283.18 FT SE/LY 206.95 FT NE/LY 79.35 FT S 28.42 FT E 5 FT S 204 FT W 306.9 FT TO BEG IN LOT 20 ODENEAL SY IN SEC 26 T6 R1E

    Building Details

    Year built
    1960
    Floors in Building
    3

    We can help!

    Listing Contact
    Amanda P Overby
    Amanda P Overby

    Listing agent Amanda P Overby License #B19487

    Listing office Overby, Inc. 800 Woodlands Pkwy Ste 206, Jackson, MS

    Listing date Jun 5, 2026

    MLS# 4151817

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5‑story commercial building built in 1960 and renovated in 2019
    • Suite 240 offers a 745 SF office suite with a large reception/waiting area
    • Suite 240 includes three private offices
    • Building provides a versatile mix of retail, office, and medical office spaces
    • Located in Jackson’s Fondren District, steps from University of Mississippi Medical Center

    Overview

    3000 Old Canton Road presents a five-story commercial building constructed in 1960 and renovated in 2019, with a mix of retail, office, and medical office spaces. Suite 240 is a 745-square-foot office suite configured for professional use, featuring a large reception or waiting area and three private offices, supporting both client-facing and team-based work.

    The property is positioned in the Fondren District and is described as being steps from the University of Mississippi Medical Center. Additional remarks note convenient access to I-55 and a walkable surrounding district with restaurants, galleries, and boutique shops, which can be a practical fit for businesses that benefit from nearby services and day-to-day convenience.

    Suite 240’s layout is well suited to service-oriented providers and office users that need a dedicated waiting/reception zone plus separate rooms for private meetings or staff. With the building’s renovated updates and an established mix of office and medical office space, the suite offers a straightforward option for tenants looking to operate from a centrally located address in Jackson.
    Property Profile Location Intelligence

    Current Use by Public Records

    6 Appeal Vitality ... Spa & Massage Center Marie Rothman Psychotherapist Central Mississippi Therapy ... Marriage Or Relationship Counselor Cabell Eye Clinic Medical Clinic Northwestern Mutual Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.173649
    Latitude
    32.334673

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    FAQs

    What type of property is this?
    Office units - Suite 240 offers a large reception area and three private offices in a renovated, five-story building.
    Where is this office units located?
    The property is located at 3000 Old Canton Road Jackson, MS.
    What is the lease rate?
    The lease rate is $1,242 /Mo.
    What are key features of this property?
    This property features: 5‑story commercial building built in 1960 and renovated in 2019; Suite 240 offers a 745 SF office suite with a large reception/waiting area; Suite 240 includes three private offices
    (601) 624-4611
    We can help!
    Listing Contact
    Amanda P Overby
    Amanda P Overby
    Real Estate License ID: B19487
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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.

    More about this property
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