Single-Story Office
For Sale
Contact for pricing
793 N President St, Jackson, MS 39202
Well-maintained office property with secured on-site parking and an established occupancy history.
Property Size4,800 SF
Price / SF$103.96
Days on Market183
Property Features for 793 N President St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Office
Occupancy
100%
Additional Details
Asking Price
$499,000
Building Details
Stories
1
Building Size
4,800 SF
Tenancy
Single
Parking Ratio
7 per 1,000 SF
Owner Occupied
Yes
Listing Agency:
Walter Michel Agency
Listed By:
Hugh Johnson · License #MS
(601) 352-0757
Source:
Crexi
Added: Apr 17
Changed: Oct 15
Last Checked: Oct 14 at 9:15PM
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 Walter Michel Agency
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story office building contains approximately 4,800 square feet and includes a fenced, gated parking area. The property has been maintained and occupied by the Mississippi Supervisors Association for more than 20 years.
Located at 793 N President St in Jackson, the building is two blocks from the Mississippi Capitol. Parking is described at 7+ spaces per 1,000 square feet, providing a substantial on-site parking ratio for the building.
Located at 793 N President St in Jackson, the building is two blocks from the Mississippi Capitol. Parking is described at 7+ spaces per 1,000 square feet, providing a substantial on-site parking ratio for the building.
Key Highlights
- Approximately 4,800+/- SF single‑story office building
- Fenced and gated parking lot
- 7+ parking spaces per 1,000/SF in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,859
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,180
$897.2K
Cap Rate 7%
$640,843
$640.8K
Cap Rate 9%
$498,433
$498.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$68.0K $14.16/SF
− Vacancy
−$8.2K −$1.70/SF
EGI
$59.8K $12.46/SF
− OpEx
−$15.0K −$3.12/SF
NOI
$44.9K $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 Rate 5%
$897,180
Cap Rate 7%
$640,843
Cap Rate 9%
$498,433
Alternative Uses
Best Use
Office B
$640.8K
$560.7K – $747.7K
NOI $44,859 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,127
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with secured on-site parking and an established occupancy history.
Where is this office building located?
The property is located at 793 N President St Jackson, MS.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 4,800+/- SF single‑story office building; Fenced and gated parking lot; 7+ parking spaces per 1,000/SF in the building
