Tudor-Style Office
For Sale
$249,900
629 N Jefferson Street, Jackson, MS 39202
Commercial Sale, Jackson, MS
Property Size1,843 SF
Lot Size0.15 Acres
Price / SF$135.59
Days on Market205
Property Features for 629 N Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C1
Subdivision
Metes And Bounds
Directions
I-55 north from I-20 to High Street exit 96A towards Mississippi Fairgrounds. Continue on High Street to R. onto Jefferson Street. Property on L.
Standard status
Active
APN
24-14, 24-15
Size
1,843 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40 FT W/S N JEFFERSON ST X 157 1/2 FT E & W IN SE COR LESS 10 FT OFF E/S FOR ST 2 A LOT 9 N J
Tax Annual Amount
1844
Legal Description
40 FT W/S N JEFFERSON ST X 157 1/2 FT E & W IN SE COR LESS 10 FT OFF E/S FOR ST 2 A LOT 9 N J
Building Details
Year built
1950
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Amanda P Overby · License #B19487
(601) 624-4611
Added: Feb 7
Changed: Aug 26
Last Checked: Aug 31 at 7:06AM
MLS# 4138510
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 1,843-square-foot office property was built in 1950 and presents a Tudor-style exterior with a distinct standalone presence. Inside, the traditional arrangement includes multiple private offices, a reception area, and supporting spaces suited to a professional office operation.
The property is at 629 N Jefferson Street in Jackson, with access to High Street and I-55. Its position places the building between the State Capitol and the Belhaven and Fondren districts, with connections to North Jackson. Off-street parking is also provided.
The property is at 629 N Jefferson Street in Jackson, with access to High Street and I-55. Its position places the building between the State Capitol and the Belhaven and Fondren districts, with connections to North Jackson. Off-street parking is also provided.
Key Highlights
- 1,843‑square‑foot office building constructed in 1950
- Tudor‑style exterior at 629 N Jefferson Street, Jackson, MS 39202
- Multiple private offices plus reception and support areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,224
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,480
$344.5K
Cap Rate 7%
$246,057
$246.1K
Cap Rate 9%
$191,378
$191.4K
Market Conditions
NOI Build-Up for 1,843 SF
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.
Gross rent
$26.1K $14.16/SF
− Vacancy
−$3.1K −$1.70/SF
EGI
$23.0K $12.46/SF
− OpEx
−$5.7K −$3.12/SF
NOI
$17.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,480
Cap Rate 7%
$246,057
Cap Rate 9%
$191,378
Alternative Uses
Best Use
Office B
$246.1K
$215.3K – $287.1K
NOI $17,224 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.8K
$276.3K – $368.5K
NOI $22,107 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Traditional layout with private offices, a reception area, and supporting workspace for professional users.
Where is this office building located?
The property is located at 629 N Jefferson Street Jackson, MS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,843‑square‑foot office building constructed in 1950; Tudor‑style exterior at 629 N Jefferson Street, Jackson, MS 39202; Multiple private offices plus reception and support areas
