Single-Story Office
4515 Office Park Dr Jackson, MS 39206
4515 Office Park Dr, Jackson, MS, 39206
$315,000
For Sale
$315,000
Single-story office building with two restrooms and a foyer, offering parking and subdivision potential into three suites.
Property Size2,588 SF
Price / SF$121.72
Days on Market346
Property Features for 4515 Office Park Dr
General Information
- Standard status
- Active
- Size
- 2,588 SF
Listing agency
Real Broker, LLC.
(601) 214-4906
Listed by
Will Miller · License #S40834
(601) 214-4906
Source
Exprealty
Added: Aug 11, 2025 Updated: Jul 22 at 12:05AM Checked: Jul 22 at 12:05AM
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 Real Broker, LLC.
Investment Insights
Based on property information with market context.
This single-story office building was designed and built in 1958 by architect John W. Staats and has been occupied by two owners. The property contains approximately 2,588 square feet and includes two restrooms and a welcoming entrance foyer. The building was previously occupied by an architect, and most recently by a chiropractor, with the business currently retiring. The property is being sold as-is, with no warranties from the seller.
The offering includes fourteen parking spaces. The floor plan can be configured into three individual office suites, as illustrated in the attached documents.
Interested parties should review the photos for condition and layout details, and consult the attached configuration materials regarding the proposed suite division. The property is for sale as an as-is transaction.
The offering includes fourteen parking spaces. The floor plan can be configured into three individual office suites, as illustrated in the attached documents.
Interested parties should review the photos for condition and layout details, and consult the attached configuration materials regarding the proposed suite division. The property is for sale as an as-is transaction.
Key Highlights
- Single‑story office building with approx. 2,588 SF designed, built, and occupied in 1958
- Subdivision potential to configure the space into three individual office suites (per attached documents)
- Fourteen parking spaces for tenants and visitors
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Endre Matthews
Alternative Medicine Practice
Matthews Chiropractic Clinic
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-story office building with two restrooms and a foyer, offering parking and subdivision potential into three suites.
Where is this office building located?
The property is located at 4515 Office Park Dr 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: Single‑story office building with approx. 2,588 SF designed, built, and occupied in 1958; Subdivision potential to configure the space into three individual office suites (per attached documents); Fourteen parking spaces for tenants and visitors
