Property profile

808 State St 10 Jackson, MS 39202

OFF-MARKET
Medical Office Space
Property ID
US50-0332977
3,161 SF 0.15 ac lot Built 1920
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,161 square foot retail property, situated on a 0.15-acre lot at 808 N State Street Unit 10 in Jackson, MS, presents a unique investment opportunity. Currently configured as a duplex, the upper level operates as an Airbnb, while the lower level serves as office space. Multiple office spaces are available, complemented by a convenient break room, a comfortable sitting area, laundry facilities, and restrooms. The property's central downtown location offers unparalleled accessibility. Its proximity to Trio Restaurant, hospitals, clinics, universities, diverse restaurants, grocery stores, and other offices ensures high visibility and foot traffic. This property is being sold "as is," providing a blank canvas for a savvy investor to capitalize on its existing income streams or to reimagine its potential. The property's versatile layout and prime location make it ideal for a variety of commercial uses. The existing Airbnb operation demonstrates the strong rental demand in the area, while the office space offers immediate income potential. This is a rare chance to acquire a well-positioned property in a thriving Jackson, MS neighborhood. The asking price is $235,000.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1920
Construction WOOD
Total area 3,161 SF
Lot 0.15 ac (6,744 SF)
APN 0023 0049 000
UPID US50-0332977

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

808 State St, Unit 10 Jackson, MS 39202-2602
Jackson metro Census 1600 JACKSON, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2013
Price N/A
1991
Price N/A
1986
Price N/A
1985
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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