Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Old River Pl Jackson, MS 39202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suites for lease with covered parking and convenient access.

    Property Features for 5 Old River Pl

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Henry R Michel
    Source: Crexi

    Listing Agency: Walter Michel Agency Listing Agent: Henry R Michel

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

    Learn more

    Overview

    Office Suites Available for Lease

    Office suites are available for lease, including Suite #100 with 1,631 square feet, Suite #105 with 2,070 square feet, and Suite #107 with 1,627 square feet. The suites will feature new carpet and paint. The lease is full service. The property provides one free covered parking space for each 1,000 square feet leased, with additional parking available on site. A waterfall feature is located in the lobby. The location is within walking distance of a YMCA and offers quick and easy access to I-55. The property has a 10% common area loss factor.
    Location Intelligence

    Current Use by Public Records

    Stephen L. Shackelford ... Law Firm Simmons Law Group ... Landscaping Mississippi Board of Public ... State Government Office Bivins & Baird, CPAs, ... Accounting Firm FedEx Drop Box Shipping Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1617747
    Latitude
    32.3051907

    Nearby Similar for Lease

    • $2,153 /Mo
      1,845 SF

      Historic Spengler's Corner Creative Space

      Versatile office/creative space in Jackson's historic Spengler's Corner District.
      117 N State St, Jackson, MS 39201
      View Details
    • $2,389 /Mo
      2,048 SF

      Downtown Jackson Office/Creative Space

      Versatile office/creative space in Jackson's historic Spengler's Corner District.
      109 N State St, Jackson, MS 39201
      View Details
    • $3,350 /Mo
      5,000 SF

      Historic Downtown Mixed-Use Building

      Perfectly located in vibrant downtown Jackson, near dining and entertainment.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $1,600 /Mo
      2,400 SF

      Historic Downtown Mixed-Use Building

      Combination of warehouse, office, and retail spaces available for rent.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $1,750 /Mo
      2,600 SF

      Downtown Jackson Mixed-Use Building

      Historic building in revitalizing downtown area, ideal for various uses.
      529 S Commerce St, Jackson, MS 39211
      View Details
    • $6,488 /Mo
      8,651 SF

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • $495 /Mo
      1,250 SF

      Renovated Office Space in Jackson

      Flexible office suites available for lease in North Jackson.
      360 Comet Dr, Jackson, MS 39206
      View Details
    • $1,335 /Mo
      801 SF

      Office Space in Riverhill Tower

      Convenient Jackson location with utilities and janitorial included.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $5,250 /Mo
      19,000 SF

      Distribution Center in Jackson, MS

      Large distribution center with showroom, offices, and warehouse space.
      755 E Mcdowell Rd, Jackson, MS 39204
      View Details
    • Contact for pricing

      MS, Jackson - East Capitol St

      Discover many ways to work your way in MS, Jackson - East Capitol St
      317 Capitol St, Jackson, MS 39201
      View Details
    • $6,306 /Mo
      3,153 SF

      Office Space in Convenient Location

      Office spaces available in a highly visible, accessible Jackson location.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details
    • $1,650 /Mo
      825 SF

      Office Space in Riverhill Tower

      Conveniently located office spaces with utilities and janitorial included.
      1675 Lakeland Dr, Jackson, MS 39216
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites for lease with covered parking and convenient access.
    Where is this office units located?
    The property is located at 5 Old River Pl Jackson, MS.
    What are key features of this property?
    This property features: - Quick & Easy Access to I-55!; - One Free Covered Parking Space for Each 1,000 SF Leased.; - New Carpet and Paint to be Provided
    Request Owner's contact information
    5 Old River Pl Jackson, MS 39202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Old River Pl
    Jackson, MS 39202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5 Old River Pl Jackson, MS 39202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Henry R Michel
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!