Renovated C-2 Office
For Sale
$675,000
2909 Terry Rd, Jackson, MS 39212
C-2-zoned office property with full occupancy and convenient access to major highways.
Property Size7,188 SF
Price / SF$103.97
Days on Market239
Property Features for 2909 Terry Rd
General Information
Standard status
Active
Size
7,188 SF
Property subtype
Street Retail
Zoning
C-2
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
7,188 SF
Year Built
1999
Year Renovated
2025
Properties For Sale
at 2909 Terry Rd
B
Size
1,692 SF
Lease Type
Modified Gross
Listing Agency:
Speed Commercial Real Estate
Listed By:
Jeff Speed · License ##16810
(601) 987-0202
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 3
Last Checked: Oct 14 at 7:41PM
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 Real Estate
Investment Insights
Based on property information with market context.
This office building at 2909 Terry Rd was constructed in 1999 and renovated in 2025. The property carries C-2 zoning and is reported at 100% occupancy, providing an established commercial setting for office use.
The Jackson location offers access to major highways and is near the Mississippi State Capitol, Walker's Drive-In, and the Fondren Arts District. These surrounding destinations add established civic, dining, and cultural context to the property’s setting.
The Jackson location offers access to major highways and is near the Mississippi State Capitol, Walker's Drive-In, and the Fondren Arts District. These surrounding destinations add established civic, dining, and cultural context to the property’s setting.
Key Highlights
- 6,492 SF office building
- 100% occupancy
- Constructed in 1999 and renovated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,672
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,440
$1.2M
Cap Rate 7%
$866,743
$866.7K
Cap Rate 9%
$674,133
$674.1K
Market Conditions
NOI Build-Up for 6,492 SF
Gross rent
$91.9K $14.16/SF
− Vacancy
−$11.0K −$1.70/SF
EGI
$80.9K $12.46/SF
− OpEx
−$20.2K −$3.12/SF
NOI
$60.7K $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%
$1,213,440
Cap Rate 7%
$866,743
Cap Rate 9%
$674,133
Alternative Uses
Best Use
Office B
$866.7K
$758.4K – $1.01M
NOI $60,672 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.4K – $1.30M
NOI $77,873 @ 7.0% cap · market cap 11.54%
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
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
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 - C-2-zoned office property with full occupancy and convenient access to major highways.
Where is this office building located?
The property is located at 2909 Terry Rd Jackson, MS.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 6,492 SF office building; 100% occupancy; Constructed in 1999 and renovated in 2025
