1437 Old Sq Rd Jackson, MS 39211-5535
This exceptional 2,400 square foot office condominium, located at 1437 Old Square Rd in Jackson, Mississippi, presents a rare investment opportunity. Situated in the desirable Lefleur East community of Northeast Jackson, this Class B property boasts a prime location near Interstate 55, offering easy access to major transportation routes. The building, constructed in 1986, is a single-story structure with C-2 zoning. This fully occupied (100%) multi-tenant property features two units within a single building, offering flexibility for owner-users. The layout, originally designed by a local architect, is highly adaptable, with windowed offices surrounding a central core that includes conference rooms, break rooms, restrooms, and a workroom. A portion of the space is divisible, presenting an opportunity to lease to an additional tenant or expand existing operations. The property benefits from ample natural light and is well-maintained. Its proximity to a variety of restaurants and businesses makes it an attractive location for both employees and clients. This first-floor unit is a truly unique offering in the Crescent Court Condominium, a community known for its limited availability and high-quality properties. The asking price is $275,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.