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    953 North St Jackson, MS 39202

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    For Sale
    $370,000

    Leased medical office building with potential leaseback opportunity.

    Lot size:
    0.57 Acres

    Property Features for 953 North St

    General Information

    Lot size
    0.57 Acres

    Source: J. Walter Michel Agency, Inc. Agent Hugh Johnson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    Located at 953 North Street in Jackson, MS, this property is currently leased to a medical foot clinic, with the remainder of the building occupied by a chiropractor. The foot clinic contributes $2,200 per month in rent. The seller is open to a leaseback arrangement for a period of 3 years at a rate of $2,800.00 per month, should the buyer require it. Tenants are responsible for covering the costs of utilities, janitorial services, and trash disposal. The landlord is responsible for taxes, insurance, landscaping, and general upkeep. With a gross monthly rental income of $5,000, the property offers a capitalization rate of approximately 10.8%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    North Street Family ... Medical Clinic Capital Foot Clinic Medical Clinic Dr. Shunda L. ... Family Practice Physician Lewis w James ... Podiatrist Stanitia Davis Podiatrist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Similar Places Nearby

    Animal Health Board, Monroe Street Animal Clinic Pa

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1771174
    Latitude
    32.3113565

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    FAQs

    What type of property is this?
    Medical office - Leased medical office building with potential leaseback opportunity.
    Where is this medical office located?
    The property is located at 953 North St Jackson, MS.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: - High cap rate of 10.8% with $5,000 gross monthly rent.; - Existing tenants provide immediate income: Foot clinic pays $2,200/month.; - Potential for seller leaseback at $2,800/month for 3 years, providing stable income.
    (601) 506-4549
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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
    953 North St Jackson, MS 39202
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