Gas Station with Functional Fuel
For Sale
$245,000
1141 University Blvd, Jackson, MS 39204
Fuel tanks and pumps remain in place after a fire, with the store interior needing remodeling.
Property Size3,045 SF
Price / SF$80.46
Days on Market246
Property Features for 1141 University Blvd
General Information
Standard status
Active
Size
3,045 SF
Taxes and HOA fees
Annual Taxes
$9,763
Listing Agency:
eXp Realty
(601) 455-0101
Listed By:
Prakash Agrawal · License #S56997
(601) 316-4092
Source:
Exprealty
Added: Feb 18
Changed: Oct 13
Last Checked: Oct 20 at 11:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gas station property was impacted by a fire that fully burnt the store interior. The outside fuel tanks and pumps are still reported to be in good condition. The site could be reactivated as a gas station again along University Blvd, with the store portion requiring remodeling and build-out to restore operations.
The property is located at 1141 University Blvd in Jackson, MS. Because the existing retail/store area was damaged, the primary focus for use is bringing the interior back to service while retaining the functional fueling equipment that remains outdoors.
Interested parties should plan for interior rehabilitation to support renewed storefront and service operations, while evaluating the condition and performance of the tanks and pumps as they relate to ongoing fuel dispensing.
The property is located at 1141 University Blvd in Jackson, MS. Because the existing retail/store area was damaged, the primary focus for use is bringing the interior back to service while retaining the functional fueling equipment that remains outdoors.
Interested parties should plan for interior rehabilitation to support renewed storefront and service operations, while evaluating the condition and performance of the tanks and pumps as they relate to ongoing fuel dispensing.
Key Highlights
- Fuel tanks and pumps remain in place after a fire at the gas station.
- Store interior was burnt down and requires remodeling.
- Outside equipment appears to have survived the fire, including pumps and tanks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,858
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,160
$197.2K
Cap Rate 7%
$140,829
$140.8K
Cap Rate 9%
$109,533
$109.5K
Market Conditions
NOI Build-Up for 3,045 SF
Gross rent
$15.0K $4.92/SF
− Vacancy
−$899 −$0.30/SF
EGI
$14.1K $4.62/SF
− OpEx
−$4.2K −$1.39/SF
NOI
$9.9K $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 Rate 5%
$197,160
Cap Rate 7%
$140,829
Cap Rate 9%
$109,533
Alternative Uses
Best Use
Specialty Retail
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 13.81%
Second Best
Retail
$431.2K
$377.3K – $503.0K
NOI $30,182 @ 7.0% cap · market cap 12.32%
Theoretical Best
Office A
$521.8K
$456.6K – $608.8K
NOI $36,525 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Fuel tanks and pumps remain in place after a fire, with the store interior needing remodeling.
Where is this gas station located?
The property is located at 1141 University Blvd Jackson, MS.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Fuel tanks and pumps remain in place after a fire at the gas station.; Store interior was burnt down and requires remodeling.; Outside equipment appears to have survived the fire, including pumps and tanks.
