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 Market199
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: Aug 20
Last Checked: Sep 4 at 9:56AM
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
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 = 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
$9,858
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
4.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
