Auto Shop with Salon
New
For Sale
$55,000
270 Maddox Road, Jackson, MS 39212
Commercial Sale, Jackson, MS
Property Size601 SF
Lot Size0.52 Acres
Price / SF$91.51
Days on Market1
Property Features for 270 Maddox Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Take exit 40A for MS-18 W toward Raymond. Turn left onto Maddox Rd. Turn left and continue straight. Destination will be on the right.
Standard status
Active
APN
0835-0090-008
Size
601 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 302.85 FT S INT E/L HWY 18 & N/L MADDOX RD ELY 288.75 FT S 80 FT W 288.75 FT N 80 FT TO POB IN SW 1/4 SE 1/4 SEC 15 T5 R1W
Tax Annual Amount
2958
Legal Description
BEG 302.85 FT S INT E/L HWY 18 & N/L MADDOX RD ELY 288.75 FT S 80 FT W 288.75 FT N 80 FT TO POB IN SW 1/4 SE 1/4 SEC 15 T5 R1W
Amenities
interior restroom
Building Details
Year built
1983
Floors in Building
1
Listing Agency:
Keller Williams · Keller Williams Realty
(601) 977-9411
Listed By:
Michael Manuel · License #S49391
(601) 201-0038
Added: Sep 8
Last Checked: Sep 8 at 9:06PM
MLS# 4161749
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 601-square-foot auto shop occupies a 0.52-acre parcel and is configured for more than one small-business operation. Exterior space is used for auto detailing, while the interior is leased to a barber/salon and includes a restroom. The building dates to 1983 and is being offered in as-is condition. Repairs and updates are needed, giving the property a clearly defined improvement requirement for a buyer evaluating the existing configuration. Its position near major corridors provides access to an area described as having steady traffic and visibility.
Key Highlights
- 601 square feet on 0.52 acres
- Exterior auto detailing operation
- Interior leased to a barber/salon
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$38,920
$38.9K
Cap Rate 7%
$27,800
$27.8K
Cap Rate 9%
$21,622
$21.6K
Market Conditions
NOI Build-Up for 601 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$3.0K $4.92/SF
− Vacancy
−$177 −$0.30/SF
EGI
$2.8K $4.62/SF
− OpEx
−$834 −$1.39/SF
NOI
$1.9K $3.24/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$38,920
Cap Rate 7%
$27,800
Cap Rate 9%
$21,622
Alternative Uses
Best Use
Retail
$85.1K
$74.5K – $99.3K
NOI $5,957 @ 7.0% cap · market cap 10.83%
Second Best
Industrial
$27.8K
$24.3K – $32.4K
NOI $1,946 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$103.0K
$90.1K – $120.2K
NOI $7,209 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Compact commercial property with an interior restroom and separate automotive detailing and salon-related functions.
Where is this auto shop located?
The property is located at 270 Maddox Road Jackson, MS.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: 601 square feet on 0.52 acres; Exterior auto detailing operation; Interior leased to a barber/salon
