Gas Station Property with Existing
For Sale
$245,000
1141 University Boulevard, Jackson, MS 39204
Commercial Sale, Jackson, MS
Property Size3,045 SF
Lot Size0.67 Acres
Price / SF$80.46
Days on Market251
Property Features for 1141 University Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Handy Place
High school
Jackson
Standard status
Active
APN
0164-0001-000
Size
3,045 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG INT W/L TERRY RD & N/L SILAS BROWN ST W 200.55 FT NLY 100 FT E 200.55 FT SLY 100 FT TO POB PT SE 1/4 NW 1/4 SEC 9 T5N R1E ALL LOT 36 HANDY PLACE SUB
Tax Annual Amount
9763
Legal Description
BEG INT W/L TERRY RD & N/L SILAS BROWN ST W 200.55 FT NLY 100 FT E 200.55 FT SLY 100 FT TO POB PT SE 1/4 NW 1/4 SEC 9 T5N R1E ALL LOT 36 HANDY PLACE SUB
Listing Agency:
eXp Realty
(601) 455-0101
Listed By:
Prakash Agrawal · License #S56997
(601) 316-4092
Added: Feb 17
Changed: Oct 8
Last Checked: Oct 26 at 1:06PM
MLS# 4139528
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.
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Investment Insights
Based on property information with market context.
This gas station property includes a 3,045-square-foot structure on 0.67 acres at 1141 University Boulevard in Jackson, Mississippi. A fire severely damaged the store interior, leaving the building in need of remodeling.
The underground tanks, exterior areas, and fuel pumps remain in place. The property provides an existing gas station layout for redevelopment or restoration, subject to evaluation of the improvements and applicable requirements.
The underground tanks, exterior areas, and fuel pumps remain in place. The property provides an existing gas station layout for redevelopment or restoration, subject to evaluation of the improvements and applicable requirements.
Key Highlights
- 0.67‑acre gas station property in Jackson, MS
- 3,045‑square‑foot existing structure
- Store interior was damaged by fire and requires remodeling
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Fire-damaged gas station property with existing underground tanks and exterior pumps.
Where is this gas station located?
The property is located at 1141 University Boulevard 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: 0.67‑acre gas station property in Jackson, MS; 3,045‑square‑foot existing structure; Store interior was damaged by fire and requires remodeling
