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Property profile & analytics

501 S State St Jackson, MS 39201

  • Office buildings
  • 2,585 SF
  • 0.32 lot acres
Value Estimations
Cap Rate Potential
9.8%
Office buildings
Location Intelligence
Property ID
US50-0243171
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

  • John Colette & Associates / Criminal Justice Attorney
  • Barnett Law Firm / Attorney

Property Details for 501 S State St

Year built
1985
Construction
WOOD
Lot size
0.32 lot acres
Property size
2,585 SF
Property type
Office buildings
APN
0187 0016 000
APU
1870016000

Description

This exceptional 2,545-square-foot office building is situated at the corner of State and Court Streets in the heart of Jackson, Mississippi. The single-story, Class B property, built in 1985, sits on a 0.32-acre lot and offers convenient access to the interstate, courthouse, post office, federal buildings, restaurants, and shops. The building boasts 100% occupancy with a single tenant. Ample parking is provided with twenty spaces, eight in a front lot and twelve additional spaces in a gated rear lot. The interior layout includes three large offices, a welcoming reception area, a comfortable waiting room, two bathrooms, a convenient break room, and a spacious conference room. The property is zoned for office use and features a single unit within a single building. This is a fantastic opportunity to acquire a well-located, established office building in a thriving downtown area. The asking price is $425,000. The Hinds County APN is 187-16.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $265,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $430,000
    6.5%
    $395,000
    7%
    $370,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $214,000
    Market price range: $90.4k - $215k
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $205,000
    COMMERCIAL (GENERAL)
    $190,000
    RETAIL STORES
    $185,000
    AUTO REPAIR, GARAGE
    $160,000

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


Location Insight

  • Map
  • Local Demand
City
Jackson
County
Hinds
State
Mississippi
Longitude
-90.1817
Latitude
32.2948
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
$10,674
$29,520
$25,973
$55,493
-
$196,800
$173,150
$369,950
More about this property
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