Restaurant
1103 W Jackson St, Tupelo, MS 38804
For Sale
New
$850,000
Commercial Sale, Tupelo, MS
Property Size3,854 SF
Lot Size0.45 Acres
Price / SF$220.55
Days on Market2
Property Features for 1103 W Jackson St
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Listing Agency:
TM REALTORS
Listed By:
JAMES RILEY HUNTER, SR · License #15556
(662) 842-3844
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# 26-4107
Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 1103 W Jackson St in Tupelo, this 3,854-square-foot property was previously occupied by a restaurant. The 0.4494-acre parcel includes 42 parking spaces, with the building situated just off N Gloster St.
Key Highlights
- 3,854‑square‑foot former restaurant property
- 42 parking spaces on a 0.4494‑acre parcel
- Just off N Gloster St in Tupelo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,976
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,520
$799.5K
Cap Rate 7%
$571,086
$571.1K
Cap Rate 9%
$444,178
$444.2K
Market Conditions
NOI Build-Up for 3,854 SF
Gross rent
$57.8K $15.00/SF
− Vacancy
−$4.5K −$1.17/SF
EGI
$53.3K $13.83/SF
− OpEx
−$13.3K −$3.46/SF
NOI
$40.0K $10.37/SF
Area
Lee County, MS
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,520
Cap Rate 7%
$571,086
Cap Rate 9%
$444,178
Alternative Uses
Best Use
Specialty Retail
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$723.8K
$633.3K – $844.4K
NOI $50,666 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 38804, MS
17,314
Population
7,978
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
87%
High-School Grad
78.5 sq mi
ZIP Area
221
Density / Sq Mi
$63,837
Median Household Income
$37,416
Median Earnings
$858
Median Rent
$201,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The former restaurant property has on-site parking and is positioned just off N Gloster St.
Where is this conventional restaurant located?
The property is located at 1103 W Jackson St Tupelo, MS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,854‑square‑foot former restaurant property; 42 parking spaces on a 0.4494‑acre parcel; Just off N Gloster St in Tupelo
