NE Jackson Office
For Sale
$489,000
1411 Old Square Road, Jackson, MS 39211
4,106 SF building in NE Jackson, MS.
Property Size4,106 SF
Price / SF$119.09
Days on Market214
Property Features for 1411 Old Square Road
General Information
Standard status
Active
Size
4,106 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,106 SF
Year Built
1982
Listing Agency:
Speed Commercial
Listed By:
David Mosal, CCIM · License #MS #S-40709
(601) 941-0597
Source:
Speedcres
Added: Mar 6
Changed: Oct 4
Last Checked: Oct 5 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Speed Commercial
Investment Insights
Based on property information with market context.
Located in NE Jackson, the property at 1411 Old Square Road features a 4,106 SF building constructed in 1982. Zoned C3 - General Commercial, the property is suitable for a professional office or similar venture, offering versatile potential for a range of business uses. A large pylon provides high visibility to the frontage road and surrounding areas. The area offers easy access to downtown Jackson and a variety of dining, shopping, and entertainment options. Nearby points of interest include the Mississippi Museum of Art, the Mississippi State Capitol, and the upscale shopping and dining district of Highland Village.
Key Highlights
- Prime location in NE Jackson offering accessibility and convenience.
- 4,106 SF building suitable for professional office or similar ventures.
- Zoned C3 - General Commercial, allowing for versatile business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,373
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,460
$767.5K
Cap Rate 7%
$548,186
$548.2K
Cap Rate 9%
$426,367
$426.4K
Market Conditions
NOI Build-Up for 4,106 SF
Gross rent
$58.1K $14.16/SF
− Vacancy
−$7.0K −$1.70/SF
EGI
$51.2K $12.46/SF
− OpEx
−$12.8K −$3.12/SF
NOI
$38.4K $9.35/SF
Area
Jackson, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,460
Cap Rate 7%
$548,186
Cap Rate 9%
$426,367
Alternative Uses
Best Use
Office B
$548.2K
$479.7K – $639.6K
NOI $38,373 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.6K
$615.7K – $820.9K
NOI $49,252 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 39211, MS
24,900
Population
11,334
Households
2.2
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
2,024
Density / Sq Mi
$68,415
Median Household Income
$40,523
Median Earnings
$1,273
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - 4,106 SF building in NE Jackson, MS.
Where is this office building located?
The property is located at 1411 Old Square Road Jackson, MS.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Prime location in NE Jackson offering accessibility and convenience.; 4,106 SF building suitable for professional office or similar ventures.; Zoned C3 - General Commercial, allowing for versatile business uses.
