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    4807 State St Jackson, MS 39206

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    For Lease
    Contact for pricing

    Prime Hinds County location, renovated suites.

    Lot size:
    8,077 SF

    Property Features for 4807 State St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,077 SF
    Total Rate
    12270.31

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 4807 State St, Jackson, MS 39206 Contact us
    Unit suite 301

    $21 /Mo

    Size
    888 SF
    Contact us
    Unit Suite 302

    $18 /Mo

    Size
    604 SF
    Contact us
    Unit Suite 306

    $21 /Mo

    Size
    944 SF
    Contact us
    Unit Suite 401

    $21 /Mo

    Size
    893 SF
    Contact us
    Unit Suite 402

    $18 /Mo

    Size
    621 SF
    Contact us
    Unit Suite 406

    $18 /Mo

    Size
    724 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    David Howie
    David Howie

    Listing Agency: Homer Lee Howie Listing Agent: David Howie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional property at 4807 N State St in Hinds County offers a unique blend of retail and office spaces, ideal for a variety of businesses. The building, totaling 8,077 square feet, comprises a single, two-story structure with twelve individual suites. Recent renovations in 2024 have completely refreshed the interior, including a gut renovation of all bathrooms. The exterior is also slated for an upcoming facelift, enhancing the curb appeal and overall property value. The flexible space allows for multiple tenancy options, with suites ranging from a minimum of 123 square feet to a maximum contiguous space of 2,241 square feet. Currently, there are six available spaces totaling 7,096 square feet, presenting a significant opportunity for immediate occupancy. The building is conveniently located approximately a quarter mile from Northside Drive, offering excellent visibility and accessibility. While there are no elevators, the two-story layout provides efficient and manageable space. This is a prime opportunity to secure a well-maintained, recently renovated space in a desirable Hinds County location. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ruthie Bea Event Planning Healthtech Insurance Agency Fiscal Integrity & Economic Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1730022
    Latitude
    32.3605516

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    FAQs

    What type of property is this?
    Office property - Prime Hinds County location, renovated suites.
    Where is this office property located?
    The property is located at 4807 State St Jackson, MS.
    What is the lease rate?
    The lease rate is $18-$21 SF/Yr.
    What are key features of this property?
    This property features: 8,077 total square feet, multi-tenant retail and office building.; 12 suites available, ranging from 123 to 2,241 contiguous square feet.; 7,096 square feet currently vacant.
    (601) 362-8112 Call to check price and availability
    Request Owner's contact information
    4807 State St Jackson, MS 39206
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    Jackson, MS 39206
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4807 State St Jackson, MS 39206
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Howie
    David Howie
    Real Estate License ID: B-20738
    (601) 362-8112
    Learn more
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