Single-Story Office
For Sale
$315,000
4515 Office Park Drive, Jackson, MS 39206
COMMERCIAL - Jackson, MS
Property Size2,588 SF
Lot Size0.23 Acres
Price / SF$121.72
Days on Market354
Property Features for 4515 Office Park Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Situated across Office Park Drive from Banner Hall and across Interstate 55 from Highland Viillage.
Standard status
Active
APN
535-524
Size
2,588 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
80 FT N & S BY 125 FT E & W BEG 95 FT N OF SW COR & BEING PT LOT 4 TRAWICK EST SUB
Tax Annual Amount
3742
Legal Description
80 FT N & S BY 125 FT E & W BEG 95 FT N OF SW COR & BEING PT LOT 4 TRAWICK EST SUB
Building Details
Year built
1956
Floors in Building
1
Listing Agency:
Real Broker, LLC.
(228) 471-5211
Listed By:
Will Miller · License #S40834
(601) 214-4906
Added: Aug 11, 2025
Changed: Jul 24
Last Checked: Jul 30 at 6:06PM
MLS# 4122087
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.
Investment Insights
Based on property information with market context.
This single-story office building was designed, built, and occupied in 1958, and has been maintained through just two owners. Approximately 2,588 square feet of space includes a welcoming entrance foyer and two restrooms. The property has been used by an architect in the past and most recently by a chiropractor prior to the retiring business. The sale is offered as-is, with the seller making no warranties.
The property is described as located along the Interstate 55 North corridor in Jackson, Mississippi. It includes fourteen parking spaces and is situated on a 0.23-acre lot.
The layout can be reconfigured into three individual office suites, as illustrated in the attached documents, providing flexibility for an office tenant or investor seeking multiple spaces.
The property is described as located along the Interstate 55 North corridor in Jackson, Mississippi. It includes fourteen parking spaces and is situated on a 0.23-acre lot.
The layout can be reconfigured into three individual office suites, as illustrated in the attached documents, providing flexibility for an office tenant or investor seeking multiple spaces.
Key Highlights
- Subdivision Potential: Configurable into three individual office suites.
- Ample Parking: Fourteen parking spaces.
- Well‑Maintained: Only two previous owners.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $18.00 |
| − Vacancy | −$3.7k | −$1.44 |
| EGI | $42.9k | $16.56 |
| − OpEx | −$17.1k | −$6.62 |
| NOI | $25.7k | $9.94 |
2,588 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$367.3K
$321.4K – $428.6K
NOI $25,714 @ 7.0% cap · market cap 8.16%
Second Best
Office B
$345.5K
$302.3K – $403.1K
NOI $24,186 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,044 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 39206, MS
22,553
Population
11,237
Households
2
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,563
Density / Sq Mi
$41,611
Median Household Income
$32,410
Median Earnings
$1,084
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with two restrooms, entrance foyer, and parking for 14.
Where is this office building located?
The property is located at 4515 Office Park Drive Jackson, MS.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Subdivision Potential: Configurable into three individual office suites.; Ample Parking: Fourteen parking spaces.; Well‑Maintained: Only two previous owners.
