Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1421 N State St Jackson, MS 39202

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,500,000

    Commercial property for sale with high traffic and favorable zoning.

    Property size:
    95,281 SF
    Lot size:
    3.56 Acres

    Property Features for 1421 N State St

    General Information

    Size
    95,281 SF
    Lot size
    3.56 Acres

    We can help!

    Listing Contact
    Richard Ridgway
    Richard Ridgway
    Source: Moodyscre

    Listing Agent: Richard Ridgway

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

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Property For Sale

    This commercial property benefits from a traffic volume of 14,000 vehicles per day. It is zoned C-2 Limited Commercial District. The property is located adjacent to Millsaps College and across from First Presbyterian Church at Belhaven street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jackson Ear Nose ... Medical Clinic Permanent Cosmetics By ... Beauty Salon The Clinic of Plastic Surgery Plastic Surgeon Dr. William H. ... Cosmetic Surgeon Dr. William O. ... Plastic Surgeon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1791939
    Latitude
    32.3190236

    Nearby Similar for Sale

    • $2,000,000
      25,000 SF

      Downtown Jackson Commercial Space Available

      25,000 sqft commercial space in downtown Jackson, Mississippi.
      101-5 E Capitol St, Jackson, MS 39201
      View Details
    • $360,000
      4,074 SF

      Downtown Jackson Mixed-Use Investment

      Mixed-use property in historic district with income and value-add potential.
      109 N State St, Jackson, MS 39201
      View Details
    • $615,000
      6,559 SF

      Belhaven Office Building Opportunity

      Two-story office building in Belhaven neighborhood, Jackson, MS.
      901 N State St, Jackson, MS 39202
      View Details
    • $270,000
      1,866 SF

      Jackson, MS Duplex For Sale

      Duplex with modern amenities, perfect for investors or owner-occupants.
      1633 Piedmont St, Jackson, MS 39202
      View Details
    • $163,000
      2,534 SF

      Renovated Multi-Family Property

      Two renovated homes on one lot, ideal for investment.
      766 Monterey St, Jackson, MS 39204
      View Details
    • $127,000
      1,048 SF

      Updated Duplex Investment Opportunity

      Updated duplex near Ridgeland, Madison, Jackson, and Brandon.
      2455 River Oaks Blvd, Jackson, MS 39211
      View Details
    • New
      $70,000
      1,889 SF

      Spacious Jackson Home Near University

      Large 7-bedroom home near Jackson State University and downtown.
      1004 Voorhees Ave, Jackson, MS 39209
      View Details
    • New
      $135,000
      Pending

      Office/Warehouse Space Near Highway 18

      Versatile 3,000-SF office/warehouse space near major routes in Jackson, MS.
      110 Leggett Dr, Jackson, MS 39209
      View Details
    • $62,000
      2,220 SF

      Commercial Property with Kennels

      Mixed-use commercial property suitable for various business purposes.
      1348 W Mcdowell Rd, Jackson, MS 39204
      View Details
    • $125,000
      6,740 SF

      Retail Space in Jackson, MS

      Retail property with high traffic and flexible space.
      115 Triangle Dr, Jackson, MS 39206
      View Details
    • $419,000
      3,546 SF

      Fully Leased Office Building Investment

      Commercial office building with strong cash flow in Jackson, MS.
      4811 Old Canton Rd, Jackson, MS 39211
      View Details
    • $135,000
      Pending

      Income-Producing Duplex in Jackson, MS

      Fully occupied duplex generating $1,745 monthly income.
      251-253 Lawrence Rd, Jackson, MS 39206
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial property for sale with high traffic and favorable zoning.
    Where is this office building located?
    The property is located at 1421 N State St Jackson, MS.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - High Traffic Volume (14,000 VPD); - C-2 Limited Commercial District Zoning; - Adjacent to Millsaps College
    (601) 420-8080
    Request Owner's contact information
    1421 N State St Jackson, MS 39202
    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.
    1421 N State St
    Jackson, MS 39202
    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
    1421 N State St Jackson, MS 39202
    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

    We can help!
    Listing Contact
    Richard Ridgway
    Richard Ridgway
    Real Estate License ID: TN 310087
    (601) 420-8080
    Learn more
    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.