Medical Office with Private
New
For Sale
$295,000
134 W Peace Street, Canton, MS 39046
Commercial Sale, Canton, MS
Property Size2,000 SF
Lot Size0.23 Acres
Price / SF$147.50
Days on Market2
Property Features for 134 W Peace Street
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
City Lot, City Lot
Directions
From I-55 take the Canton exit, go East to the Square, property is next to Renasant bank on the East side of the square.
Standard status
Active
APN
093d-19b-031-00-00
Size
2,000 SF
Lot size
0.23 Acres
Additional Details
Property Use
Medical Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Year
2025
Tax Description
JOSEPH-SHU SUBD 2
Tax Annual Amount
2574
Legal Description
JOSEPH-SHU SUBD 2
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Jon-David Johnson · License #B17543
(601) 624-7288
Added: Nov 5
Last Checked: Nov 6 at 9:06AM
MLS# 4167622
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.
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Investment Insights
Based on property information with market context.
This 2,000-square-foot medical office building dates to 1960 and is situated on a 0.23-acre parcel. Its current medical-office configuration can also accommodate professional, administrative, or general office activity. The building is described as well-maintained and in excellent condition.
At 134 W Peace Street in Canton, the property is one parcel east of the Historic Canton Square and next to Renasant Bank. A private parking lot behind the building provides off-street parking for employees and visitors.
At 134 W Peace Street in Canton, the property is one parcel east of the Historic Canton Square and next to Renasant Bank. A private parking lot behind the building provides off-street parking for employees and visitors.
Key Highlights
- 2,000‑square‑foot medical office building
- 0.23‑acre parcel
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,843
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,860
$476.9K
Cap Rate 7%
$340,614
$340.6K
Cap Rate 9%
$264,922
$264.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$44.4K $22.20/SF
− Vacancy
−$4.7K −$2.33/SF
EGI
$39.7K $19.87/SF
− OpEx
−$15.9K −$7.95/SF
NOI
$23.8K $11.92/SF
Area
Madison County, MS
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,860
Cap Rate 7%
$340,614
Cap Rate 9%
$264,922
Alternative Uses
Best Use
Healthcare Medical
$340.6K
$298.0K – $397.4K
NOI $23,843 @ 7.0% cap · market cap 8.08%
Second Best
Office B
$303.9K
$265.9K – $354.5K
NOI $21,272 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout supports medical and general office functions, with room to adapt for professional or administrative operations.
Where is this medical office space located?
The property is located at 134 W Peace Street Canton, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,000‑square‑foot medical office building; 0.23‑acre parcel; Built in 1960
