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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    222 President St Jackson, MS 39201-1912

    • Office buildings
    • 20,232 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0381940
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • President Street Suites / Commercial Real Estate Agency
    • The Parents' Campaign / Non-Profit Organization
    • Mississippi Professional Educators / Learning Center / Association / Organization
    • Christopher C Graves & Associates / Lawyer
    • Kellum III William S / Lawyer

    Property Details for 222 President St

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    20,232 SF
    Property type
    Office buildings
    APN
    0034 0025 000
    APU
    340025000

    Description

    President Street Suites, located at 222 North President Street in downtown Jackson, MS, offers a variety of flexible office spaces ideal for businesses of all sizes. This newly renovated (2024) three-story building is conveniently situated just one block from the state capitol, providing unparalleled accessibility and visibility. Currently pre-leasing, President Street Suites offers four available spaces ranging from 150 square feet to a maximum contiguous space of 8,000 square feet. The minimum divisible space is 930 square feet, making it suitable for both small startups and larger established firms. The building features a total of eight suites, catering to diverse tenancy needs. Tenants have the unique opportunity to customize their space during the pre-leasing period, ensuring a perfect fit for their operational requirements. High-speed C Spire fiber internet is available 24/7, along with key card building access for enhanced security. Convenient parking is also provided. Expected completion is Fall 2024. The building's modern design and prime location make it an excellent choice for businesses seeking a prestigious and functional workspace in the heart of Jackson. The diverse office subtypes available, including creative, executive, coworking, and traditional office spaces, ensure a wide range of options to meet various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $707,000
      Market price range: $707k - $1.68M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1811
    Latitude
    32.3011
    CBSA code
    27140
    CBSA name
    JACKSON, MS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,196
    $18,000
    $48,479
    $66,479
    -
    $120,000
    $323,190
    $443,190

    Comparable in this City

    • Value Estimation
      $600,000
      10,249 SF

      500 Capitol St

      OFFICE BUILDING • 10,249 SF
      500 Capitol St, Jackson, MS 39201-2703
      View Details
    • Value Estimation
      $910,000
      24,480 SF

      217 Capitol St

      OFFICE BUILDING • 24,480 SF
      217 Capitol St, Jackson, MS 39201-2004
      View Details
    • Value Estimation
      $1,160,000
      12,675 SF

      329 Capitol St

      OFFICE BUILDING • 12,675 SF
      329 Capitol St, Jackson, MS 39201-3404
      View Details
    • Value Estimation
      $725,000
      15,246 SF

      600 Amite St

      OFFICE BUILDING • 15,246 SF
      600 Amite St, Jackson, MS 39201-2807
      View Details
    • Value Estimation by Request
      7,471 SF

      269 Pearl St

      OFFICE BUILDING • 7,471 SF
      269 Pearl St, Jackson, MS 39201-3202
      View Details
    • Value Estimation by Request
      1,548 SF

      230 Rankin St

      OFFICE BUILDING • 1,548 SF
      230 Rankin St, Jackson, MS 39201-6125
      View Details

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      I-55 Plaza Office Complex

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      Electric 308: Jackson Office Gem

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      Prime Jackson Executive Office Space

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    Similar Nearby for Lease

    • Contact for pricing
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      Downtown Jackson Office Building

      Six-story office building in downtown Jackson with on-site amenities.
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      Heritage Building: Jackson Office Space

      Historic Downtown Jackson Office Suites, 10 Spaces Available
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    • $17 SF/Yr
      1,292 SF

      Office Space Available For Lease

      Office space for lease featuring full service lease terms.
      329 E Capitol St, Jackson, MS 39201
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    • $12 SF/Yr
      2,361 SF

      Office Space Available For Rent

      Office space available for lease in Jackson, MS.
      736 S President St, Jackson, MS 39201
      View Details
    • $6 SF/Yr
      6,249 SF

      Jackson Office Space Solutions

      Flexible Offices, Coworking, & More
      317 Capitol St, Jackson, MS 39201
      View Details
    • $17 SF/Yr
      266,000 SF

      Downtown Jackson Office Space

      Class A Office Suites, 437-15,543 SF
      200 Lamar St, Jackson, MS 39201
      View Details
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    222 President St
    Jackson, MS 39201-1912
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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
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