Remodeled Flex Space with
For Sale
$265,000
1030 Greymont Street, Jackson, MS 39202
Commercial Sale, Jackson, MS
Property Size1,162 SF
Lot Size0.19 Acres
Price / SF$103.92
Days on Market93
Property Features for 1030 Greymont Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
Belhaven/Belhaven Heights
Standard status
Active
APN
17-136
Size
2,550 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 17 BLK 75 BELHAVEN HGTS
Tax Annual Amount
1877
Legal Description
LOT 17 BLK 75 BELHAVEN HGTS
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
kitchen
washer/dryer connections
walking trail
Building Details
Year built
1983
Listing Agency:
Nix-Tann & Associates, Inc.
(601) 982-7918
Listed By:
Mike Hoffman · License #S22757
(601) 214-7714
Added: Jun 9
Changed: Aug 29
Last Checked: Sep 9 at 2:06PM
MLS# 4152104
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 flex property combines a remodeled office building with a separate shop, creating distinct spaces for administrative and operational functions. The shop contains 1,393 square feet and has a roll-up door, while the office building measures 1,162 square feet. Each structure includes a full bathroom. The office also features a kitchen and washer-dryer connections. The improvements were built in 1983 and are positioned on a 0.19-acre parcel.
The property backs up to the Museum Walking Trail and is located near I-55, colleges, and hospitals in Jackson. Public water and public sewer serve the site, with cable availability listed. The configuration is also identified as suitable for live-work use, subject to applicable requirements.
The property backs up to the Museum Walking Trail and is located near I-55, colleges, and hospitals in Jackson. Public water and public sewer serve the site, with cable availability listed. The configuration is also identified as suitable for live-work use, subject to applicable requirements.
Key Highlights
- 1,393‑square‑foot shop with roll‑up door
- 1,162‑square‑foot office building
- Full bathroom in each building
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
$23,831
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
8.99%
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%
$476,620
$476.6K
Cap Rate 7%
$340,443
$340.4K
Cap Rate 9%
$264,789
$264.8K
Market Conditions
NOI Build-Up for 2,550 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
$36.1K $14.16/SF
− Vacancy
−$4.3K −$1.70/SF
EGI
$31.8K $12.46/SF
− OpEx
−$7.9K −$3.12/SF
NOI
$23.8K $9.35/SF
Area
Jackson, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$476,620
Cap Rate 7%
$340,443
Cap Rate 9%
$264,789
Alternative Uses
Best Use
Office B
$340.4K
$297.9K – $397.2K
NOI $23,831 @ 7.0% cap · market cap 8.99%
Second Best
Mixed Use
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,588 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 1908 Provisions — 734 Fairview St, Jackson, MS 39202
Frequently Asked Questions
What type of property is this?
Flex space - Separate office and shop buildings support flexible commercial and live-work use.
Where is this flex space located?
The property is located at 1030 Greymont Street Jackson, MS.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,393‑square‑foot shop with roll‑up door; 1,162‑square‑foot office building; Full bathroom in each building
