Tudor-Style Office Building For
For Sale
$249,900
629 N Jefferson Street, Jackson, MS 39202
Charming 1950s office building with convenient access to I-55.
Property Size1,843 SF
Price / SF$135.59
Days on Market199
Property Features for 629 N Jefferson Street
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Commercial
Zoning
C1
Building Details
Building Size
1,843 SF
Year Built
1950
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Amanda P Overby · License #B19487
(601) 366-8511
Source:
Jdanielrealtysells
Added: Feb 7
Changed: Aug 23
Last Checked: Aug 24 at 1:46PM
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 Overby, Inc.
Investment Insights
Based on property information with market context.
This charming 1950s office building features a distinctive Tudor-style exterior and excellent curb appeal. The 1,843-square-foot property offers a functional, traditional floor plan with multiple private offices, a reception area, and support spaces. It is ideally suited for professional, legal, or boutique office users. Located directly off High Street with convenient access to I-55, the property is strategically positioned between the State Capitol and the thriving Belhaven and Fondren districts, providing easy connectivity to the rest of North Jackson. Off-street parking and a central location make this a practical and attractive option for both owner-occupants and investors seeking a unique, stand-alone office opportunity.
Key Highlights
- Convenient central location directly off High Street, strategically positioned between the State Capitol and the Belhaven/Fondren districts with easy access to I‑55 and North Jackson.
- Unique and charming 1950s Tudor‑style exterior with excellent curb appeal.
- Functional 1,843‑square‑foot floor plan with multiple private offices, reception area, and support spaces suitable for professional, legal, or boutique office users.
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
Location Intelligence
Trade Area within ½ mile
1,387
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 - Charming 1950s office building with convenient access to I-55.
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: Convenient central location directly off High Street, strategically positioned between the State Capitol and the Belhaven/Fondren districts with easy access to I‑55 and North Jackson.; Unique and charming 1950s Tudor‑style exterior with excellent curb appeal.; Functional 1,843‑square‑foot floor plan with multiple private offices, reception area, and support spaces suitable for professional, legal, or boutique office users.
