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    Property profile & analytics

    4450 Old Canton Rd Jackson, MS 39211

    • Office buildings
    • 63,646 SF
    • 3.31 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US50-0334114
    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

    • Morgan Stanley / Financial Advisor
    • First Commercial Bank / Bank / Loan Service
    • Hubbard Jeffrey P / Law Firm
    • Xpress Auto Transport / Car Dealership / Shipping Company
    • TriStar Technologies, LLC / Professional Services

    Property Details for 4450 Old Canton Rd

    Year built
    2003
    Construction
    FRAME
    Lot size
    3.31 lot acres
    Property size
    63,646 SF
    Property type
    Office buildings
    APN
    0535 0480 000
    APU
    5350480000

    Description

    This exceptional 67,641 square foot, two-story Class A office building, constructed in 2001 and renovated in 2021, offers a single available suite of 5,846 square feet. Located at 4450 Old Canton Rd in Jackson, MS (zip code 39211), this property boasts a convenient suburban location in the North East Jackson submarket cluster, directly north of Highland Bluff Office Building. The building features elevators and sits on a 5-acre lot. Its prime location provides easy access to downtown Jackson, Madison County, Lakeland Drive, and Rankin County, with nearby restaurants and shopping. The zoning is commercial (APN: 535-480). This is a multi-tenant building with a minimum divisible space of 5,846 square feet, and the maximum contiguous space available is also 5,846 square feet. The building is strategically situated off I-55 North, accessible via Meadowbrook Road or Northside Drive, offering excellent visibility and accessibility. This presents a unique opportunity for businesses seeking high-quality office space in a thriving Jackson, MS location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,350,000
      Market price range: $2.12M - $5.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,035,000
      Current use
      AUTO REPAIR, GARAGE
      $5,400,000
      Change: +34% Conversion: Difficult
      RESTAURANT
      $5,325,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $5,090,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $4,475,000
      Change: +11% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,110,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.1504
    Latitude
    32.3521
    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
    $134,574
    $146,361
    $553,268
    $699,629
    -
    $975,740
    $3,688,450
    $4,664,190

    Comparable in this City

    • Value Estimation by Request
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      View Details
    • Value Estimation by Request
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      5800 Ridgewood Rd Ste, Unit 101

      OFFICE BUILDING • 2,044 SF
      5800 Ridgewood Rd Ste, Jackson, MS 39211-2667
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    • Value Estimation by Request
      9,918 SF

      16 Northtown Dr

      OFFICE BUILDING • 9,918 SF
      16 Northtown Dr, Jackson, MS 39211-3058
      View Details
    • Value Estimation by Request
      3,875 SF

      4775 Old Canton Rd

      OFFICE BUILDING • 3,875 SF
      4775 Old Canton Rd, Jackson, MS 39211-5529
      View Details
    • Value Estimation by Request
      8,354 SF

      1059 Ridgewood Pl

      OFFICE BUILDING • 8,354 SF
      1059 Ridgewood Pl, Jackson, MS 39211-2018
      View Details
    • Value Estimation by Request
      3,384 SF

      1500 Jacksonian Plz

      OFFICE BUILDING • 3,384 SF
      1500 Jacksonian Plz, Jackson, MS 39211-5466
      View Details

    Similar Nearby for Sale

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    • $489,000

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      Customizable Office Space For Sale

      Shell office space for custom build-out in a high-profile location.
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      Versatile Retail/Office/Warehouse Space

      Prime Jackson location with retail, office, and warehouse potential.
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      Prime Jackson Commercial Property

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    Similar Nearby for Lease

    • $16 SF/Yr
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      North Jackson Office Space Available

      Office building with modern amenities and convenient location in Jackson.
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    • $778 /Mo
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      Office Space in Jackson, MS

      Office space available for rent in Jackson, Mississippi.
      1625 E County Line Rd, Jackson, MS 39211
      View Details
    • $1,863 /Mo

      Turn-Key Office/Retail Space Available

      Office/retail space with direct visibility, ready for immediate occupancy.
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      View Details
    • Contact for pricing
      120,000 SF

      One Eastover Center: Executive Suites

      Class A Office Space, Hinds County
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      View Details
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      4,459 SF

      Move-in-Ready Office Space

      Recently built-out office space available for rent.
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    • $26 SF/Yr
      81,831 SF

      Highland Bluff Office Space

      Class A Office, Northeast Jackson
      4400 Old Canton Rd, Jackson, MS 39211
      View Details
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    4450 Old Canton Rd
    Jackson, MS 39211
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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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