Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    914 North State St Jackson, MS 39201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN Dollar Tree store for sale in Jackson, Mississippi.

    Property size:
    8,606 SF
    Lot size:
    0.66 Acres

    Property Features for 914 North State St

    General Information

    Size
    8,606 SF
    Lot size
    0.66 Acres

    We can help!

    Listing Contact
    Cale Powers
    Cale Powers
    Source: Moodyscre

    Listing Agency: Trinity Real Estate Investment Services - Corporate Listing Agent: Cale Powers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Newly Renovated Dollar Tree Store

    The property is a newly renovated Dollar Tree store with rent set to commence in August 2024. It features a NNN lease structure with minimal landlord responsibilities, limited to the roof, structure, and parking lot. The property is strategically situated along S State St, which generates 23,000 vehicles per day passing in front of the property. It is located just outside Downtown Jackson, the capital and most populous city in the U.S. State of Mississippi, and is 3 miles away from Jackson Municipal Airport. The surrounding area has excellent demographics, with over 96,900 residents within a 5-mile radius. The store is corporately guaranteed by Dollar Tree Inc., which operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. The property size is 8,606 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm Eckerd Drugs Pharmacy

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    E & M Florist, Harrison & Flowers Building

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.177748
    Latitude
    32.3101534

    Nearby Similar for Sale

    • New
      $450,000
      Pending

      Downtown Jackson Commercial Space

      5,000 SF commercial space in revitalizing downtown Jackson.
      109 E Capitol St, Jackson, MS 39201
      View Details
    • New
      $395,000
      4,679 SF

      Professional Office Building in Jackson

      Office building with 4,679 SF, zoned C-3, Northeast Jackson.
      17 Northtown Dr, Jackson, MS 39211
      View Details
    • New
      $195,000
      9,567 SF

      Commercial Property Near Historic District

      Commercial property near historic district with income potential.
      360 E Fortification St, Jackson, MS 39202
      View Details
    • $75,000
      Pending

      Retail/Office Space in Jackson

      Commercial property suitable for retail or office use.
      2815 Suncrest Dr, Jackson, MS 39212
      View Details
    • $615,000
      6,559 SF

      Belhaven Office Building Opportunity

      Two-story office building in Belhaven neighborhood, Jackson, MS.
      901 N State St, Jackson, MS 39202
      View Details
    • $360,000
      4,074 SF

      Downtown Jackson Mixed-Use Investment

      Mixed-use property in historic district with income and value-add potential.
      109 N State St, Jackson, MS 39201
      View Details
    • New
      $115,000
      Pending

      Retail Space in Jackson, MS

      6,700+ sqft retail space with potential for multiple tenants.
      115 Triangle Dr, Jackson, MS 39206
      View Details
    • $249,900
      1,843 SF

      Tudor-Style Office Building For Sale

      Charming office building with convenient access to major districts.
      629 N Jefferson St, Jackson, MS 39202
      View Details
    • $299,000
      3,045 SF

      University Boulevard Commercial Opportunity

      Gas station with tanks and pumps, remodel potential.
      1141 University Blvd, Jackson, MS 39204
      View Details
    • $500,000
      8,651 SF

      High-Visibility Commercial Property in Jackson, MS

      Highly visible commercial property in North Jackson's Woodrow Wilson retail corridor.
      320 W Woodrow Wilson Ave, Jackson, MS 39213
      View Details
    • New
      $2,000,000
      Pending

      Downtown Jackson Commercial Space Available

      25,000 sqft commercial space in downtown Jackson, Mississippi.
      101-5 E Capitol St, Jackson, MS 39201
      View Details
    • $132,269
      9,600 SF

      Large Commercial Storefront in Jackson

      9,600 sq ft commercial building ready for transformation.
      1240 Ellis Ave, Jackson, MS 39209
      View Details

    FAQs

    What type of property is this?
    Storefront property - NNN Dollar Tree store for sale in Jackson, Mississippi.
    Where is this storefront property located?
    The property is located at 914 North State St Jackson, MS.
    What are key features of this property?
    This property features: - Corporately guaranteed by Dollar Tree Inc., a national retailer with 15,115 stores.; - Newly renovated store with rent commencing August 2024.; - NN Lease with minimal landlord responsibilities (roof, structure, and parking lot).
    (817) 304-8916 Call to check price and availability
    Request Owner's contact information
    914 North State St Jackson, MS 39201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    914 North State St
    Jackson, MS 39201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    914 North State St Jackson, MS 39201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cale Powers
    Cale Powers
    (817) 304-8916 (719) 331-4944
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!