Jackson Retail/Restaurant Investment
For Sale
$1,250,000
1169 E County Line Rd, Jackson, MS 39211
Spacious 8,182 SF building in prime Jackson location.
Property Size8,182 SF
Price / SF$152.77
Days on Market168
Property Features for 1169 E County Line Rd
General Information
Standard status
Active
Size
8,182 SF
Property subtype
Retail
Building Details
Building Size
8,182 SF
Year Built
1993
Listing Agency:
Speed Commercial
(601) 941-0597
Listed By:
David Mosal, CCIM · License #MS #S-40709
(601) 941-0597
Source:
Speedcres
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 21 at 4:46AM
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 Speed Commercial
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Jackson, MS, featuring an 8,182 SF building suitable for retail or restaurant ventures. Constructed in 1993 and zoned C3, the property offers a foundation for business development. Its location in Jackson provides access to a diverse customer base. The property's square footage and zoning allow for various retail or dining concepts. The location is near Highland Village, Renaissance at Colony Park, and the Mississippi Museum of Art. The area offers local retail, dining, and cultural amenities. The average traffic volume is 30,000 VPD.
Key Highlights
- High Traffic Volume: Benefit from an average of 30,000 vehicles per day (VPD).
- Spacious Building: 8,182 SF provides ample space.
- Favorable Zoning: C3 zoning allows for a wide range of retail or restaurant concepts.
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
$81,100
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
6.49%
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%
$1,622,000
$1.6M
Cap Rate 7%
$1,158,571
$1.2M
Cap Rate 9%
$901,111
$901.1K
Market Conditions
NOI Build-Up for 8,182 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
$122.7K $15.00/SF
− Vacancy
−$6.9K −$0.84/SF
EGI
$115.9K $14.16/SF
− OpEx
−$34.8K −$4.25/SF
NOI
$81.1K $9.91/SF
Area
Jackson, MS
Vacancy
5.60%
Lease Rate
$15.00 /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%
$1,622,000
Cap Rate 7%
$1,158,571
Cap Rate 9%
$901,111
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $81,100 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,145 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
279k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 31%
Shops & Services 15%
Home Improvements & Furnishings 14%
Walmart
Superstores
88,675 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
24,696 visits/mo
0.3 miles
Wendy's
Dining
20,539 visits/mo
0.4 miles
Chevron
Shops & Services
18,063 visits/mo
0.4 miles
Krispy Kreme Doughnuts
Dining
16,244 visits/mo
0.2 miles
Demographics for 39211, MS
24,900
Population
11,334
Households
2.2
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
2,024
Density / Sq Mi
$68,415
Median Household Income
$40,523
Median Earnings
$1,273
Median Rent
$198,300
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?
Retail space - Spacious 8,182 SF building in prime Jackson location.
Where is this retail space located?
The property is located at 1169 E County Line Rd Jackson, MS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High Traffic Volume: Benefit from an average of 30,000 vehicles per day (VPD).; Spacious Building: 8,182 SF provides ample space.; Favorable Zoning: C3 zoning allows for a wide range of retail or restaurant concepts.
