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 Market137
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
(601) 352-0757
Listed By:
Hugh Johnson · License #MS
Source:
Crexi
Added: Apr 17
Changed: Aug 29
Last Checked: Aug 29 at 3:33PM
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
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 = 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
$44,859
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
8.99%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
