Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    40 Northtown Dr Jackson, MS 39211-3097

    Property Lookup

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

    40 Northtown Dr Jackson, MS 39211-3097

    View on Map
    • Commercial real estate
    • 3,614 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US50-0387789
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metropolitan Builders / Construction Company / General Contractor
    • Storage Park Properties / Storage Facility
    • The Rollins Law Firm / Law Firm / Financial Advisor

    Property Details for 40 Northtown Dr

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    3,614 SF
    Property type
    Commercial real estate
    APN
    0753 0152 009
    APU
    7530152009

    Description

    This stunning two-story, New Orleans-style office building in Hinds County offers 3,600 square feet of Class A space, built in 1999. Currently, 2,600 square feet is available for lease, divisible into units ranging from 800 to 1,800 contiguous square feet. The building features upscale finishes including 10-foot ceilings, antique hardwood floors and beams, creating an elegant and professional atmosphere. Modern amenities include a security system, keypad entry, and hardwired high-speed internet access. Multiple private entrances enhance privacy and convenience. The building's prime location at the corner of Northtown and StorageMax Drive, right off Old Canton Road in Jackson, MS, provides excellent accessibility and visibility. Ideal for businesses seeking a unique and sophisticated office environment, this property offers a blend of historical charm and contemporary functionality. The building consists of a single suite, spread across two stories. This exceptional opportunity allows for flexible space configurations to suit various business needs. Don't miss this chance to secure your ideal office space in this highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.113
    Latitude
    32.3861
    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
    $7,490
    $8,919
    $30,018
    $38,937
    -
    $59,460
    $200,120
    $259,580

    Comparable in this City

    • Value Estimation by Request
      3,067 SF

      4782 I 55th N

      COMMERCIAL (GENERAL) • 3,067 SF
      4782 I 55th N, Jackson, MS 39211-5502
      View Details
    • Value Estimation by Request
      3,158 SF

      1220 Northside Dr

      COMMERCIAL (GENERAL) • 3,158 SF
      1220 Northside Dr, Jackson, MS 39211-5503
      View Details
    • Value Estimation by Request
      6,754 SF

      5007 Old Canton Rd

      COMMERCIAL (GENERAL) • 6,754 SF
      5007 Old Canton Rd, Jackson, MS 39211-5421
      View Details
    • Value Estimation by Request
      0.53 Acres

      Storage Max Dr

      Land • 0.53 Acres
      0 Storage Max Dr, Jackson, MS 39211
      View Details
    • Value Estimation by Request
      8,286 SF

      142 Lefleurs Sq

      COMMERCIAL (GENERAL) • 8,286 SF
      142 Lefleurs Sq, Jackson, MS 39211-5525
      View Details
    • Value Estimation by Request
      32,772 SF

      1055 County Line Rd

      Individual retail properties • 32,772 SF
      1055 County Line Rd, Jackson, MS 39211
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Flowood, Mississippi

      Land with convenient access in Flowood, Mississippi.
      Park Dr, Flowood, MS 39211
      View Details
    • $289,000
      2,096 SF

      Updated Duplex Investment Opportunity

      Updated duplex near Ridgeland, Madison, Jackson, and Brandon.
      2455 River Oaks Blvd, Jackson, MS 39211
      View Details
    • $160,000
      0.64 Acres

      Residential Land in Jackson, MS

      Vacant lot suitable for building a dream home.
      4219 E Ridge Dr, Jackson, MS 39211
      View Details
    • New
      $345,000
      4,679 SF

      Northeast Jackson Office Building

      Professional office building in Northeast Jackson with 4,679 square feet.
      17 Northtown Dr, Jackson, MS 39211
      View Details
    • Contact for pricing

      Commercial Land I-55 Frontage

      Commercial land on I-55 frontage road with utilities.
      Beasley Rd, Jackson, MS 39211
      View Details
    • Contact for pricing

      Multifamily Property Near Jackson Medical District

      Multifamily property near major employers and downtown Jackson.
      6300 Old Canton Rd, Jackson, MS 39211
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Medical Space Available

      Ground floor office and medical space with interstate visibility.
      4070 North Frontage Rd, Jackson, MS 39211
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Plaza

      Highly visible retail space in Jackson, MS with anchor opportunity.
      1053 E County Line Rd, Jackson, MS 39211
      View Details
    • $20 SF/Yr

      Customizable Office Space For Sale

      Shell office space for custom build-out in a high-profile location.
      4450 North Frontage Rd, Jackson, MS 39211
      View Details
    • Contact for pricing
      3,900 SF

      Retail Space in Maywood Mart

      Retail spaces available in a renovated shopping center.
      1220 E Northside Dr, Jackson, MS 39211
      View Details
    • Contact for pricing
      9,079 SF

      Office Space Available For Rent

      9,079 SF office space available for lease.
      1400 Meadowbrook Rd, Jackson, MS 39211
      View Details
    • $33 SF/Yr

      Former Fitness Studio at District

      3,140 SF former Orangetheory Fitness studio for lease.
      120 District Blvd East, Jackson, MS 39211
      View Details
    Request Owner's contact information
    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.
    40 Northtown Dr
    Jackson, MS 39211-3097
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!