Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lamar Life Building Office Spaces Title is generated by Realmo AI

    317 E Capitol St, Jackson, MS 39201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office spaces available within the Lamar Life Building.

    Type:Office
    Added:
    Jul 8, 2022
    Days on Market:
    1406
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 317 E Capitol St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1923

    Spaces For Lease

    at 317 E Capitol St Contact us

    Suite 200 $18 /Mo

    Size
    11,453 SF
    Type
    Office
    The Entire Floor For Lease The space can be divided into smaller suites
    Contact us

    Suite 400 $18 /Mo

    Size
    5,954 SF
    Type
    Office
    This suite make up the entire 4rd floor of the Lamar Life Building. Owner will considering...
    show more
    Contact us

    Suite 100 $18 /Mo

    Size
    1,878 SF
    Type
    Office
    Tradition professional office space.nnnThis first floor suite consist of a reception...
    show more
    Contact us

    We can help!

    Listing Contact
    Philip Holman, CCIM

    Listing agent Philip Holman, CCIM License #MS

    Listing office The Mattiace Company

    Listing date Jul 8, 2022

    Source Crexi

    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 The Mattiace Company

    HighLights

    • Several office spaces available.
    • Entire second floor available, offering a substantial area for your business.
    • Located in the historic Lamar Life Building.
    • Located at 317 E Capitol St, Jackson, MS.
    • Smaller spaces available in addition to the second floor.
    • Built in 1923.

    Overview

    Office spaces are available for rent at 317 E Capitol St within the Lamar Life Building, located in Jackson, MS. Several spaces are available, including the entire second floor, in addition to smaller spaces.
    Location Intelligence

    Current Use by Public Records

    Robinson Financial Group Financial Advisor Prudential| Jr. Robinson ... Insurance Agency Coresphere Holding inc Business Management Consultant Thrash & Thrash, PLLC Law Firm Greenly llc Landscaping

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.183948
    Latitude
    32.29971

    Nearby Similar for Lease

    • $3,350/Mo

      Professionally Configured Office Property

      Flexible office property in North Jackson with suites available.
      4680 Mcwillie Drive, Jackson, MS 39206
      View Details
    • $2,750/Mo

      Remodeled Office and Shop Space

      Newly remodeled office and shop space for lease in Jackson.
      1030 Greymont Street, Jackson, MS 39202
      View Details
    • $1,600/Mo

      Historic Downtown Mixed-Use Building

      Combination of warehouse, office, and retail spaces available for rent.
      529 S Commerce Street lot: B, Jackson, MS 39211
      View Details
    • $3,350/Mo

      Historic Downtown Mixed-Use Building

      Perfectly located in vibrant downtown Jackson, near dining and entertainment.
      529 S Commerce Street lot: Ab, Jackson, MS 39211
      View Details
    • $1,750/Mo

      Downtown Jackson Mixed-Use Building

      Historic building in revitalizing downtown area, ideal for various uses.
      529 S Commerce Street lot: A, Jackson, MS 39211
      View Details
    • $8,260/Mo

      Turn-Key Restaurant and Bar

      Restaurant and bar ready for immediate occupancy in Jackson.
      1625 E County Line Road lot: 120, Jackson, MS 39211
      View Details
    • $3,891/Mo

      Retail Space in Busy Center

      Retail space with offices in a busy shopping center.
      1625 E County Line Road lot: 270, Jackson, MS 39211
      View Details
    • $6,488/Mo

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Avenue, Jackson, MS 39213
      View Details
    • $495/Mo

      Renovated Office Space in Jackson

      Flexible office suites available for lease in North Jackson.
      360 Comet Drive lot: E 1 & 2, Jackson, MS 39206
      View Details
    • $1,335/Mo

      Office Space in Riverhill Tower

      Convenient Jackson location with utilities and janitorial included.
      1675 Lakeland Drive lot: 307, Jackson, MS 39216
      View Details
    • $6,288/Mo

      Flex Space in Jackson, MS

      Open flex space with loading dock access for lease.
      1625 E County Line Road lot: 250, Jackson, MS 39211
      View Details
    • $1,343/Mo

      Flex Space in Jackson, MS

      Flex space with open floor plan and high ceilings.
      1625 E County Line Road lot: 255, Jackson, MS 39211
      View Details

    FAQs

    What type of property is this?
    Office building - Office spaces available within the Lamar Life Building.
    Where is this office building located?
    The property is located at 317 E Capitol St Jackson, MS.
    What are key features of this property?
    This property features: Several office spaces available.; Entire second floor available, offering a substantial area for your business.; Located in the historic Lamar Life Building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Philip Holman, CCIM
    Real Estate License ID: MS
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    317 E Capitol St, Jackson, MS 39201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!