Remodeled Retail Building Near
For Sale
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6010 I 55 N, Jackson, MS
Remodeled 5,508 SF retail building with high visibility and ample parking.
Property Size5,508 SF
Lot Size1.10 Acres
Price / SF$253.27
Days on Market1135
Property Features for 6010 I 55 N
General Information
Standard status
Active
Size
5,508 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Jackson
(601) 420-8080
Listed By:
Richard Ridgway · License #TN 310087
(601) 573-9222
Source:
Moodyscre
Added: Jul 27, 2023
Changed: Aug 13
Last Checked: Sep 2 at 12:05AM
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 CBRE | Jackson
Investment Insights
Based on property information with market context.
This retail property features a building size of approximately 5,508 square feet and is situated on a lot of about 1.31 acres. Constructed in 1994 and fully remodeled in 2012, the property is zoned C-3. It benefits from high visibility, with exposure to Interstate 55 (I-55), which sees approximately 98,000 vehicles per day (VPD), and Adkins Boulevard, with around 18,000 VPD. The property includes a large interstate pylon sign and ample parking, offering 105 total parking spaces, exceeding 19 spaces per 1,000 square feet.
Key Highlights
- Excellent visibility from I‑55 (98,000 VPD) and Adkins Blvd. (18,000 VPD)
- Ample parking with 105 total parking spaces
- Large interstate pylon sign
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
$54,595
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
3.91%
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%
$1,091,900
$1.1M
Cap Rate 7%
$779,929
$779.9K
Cap Rate 9%
$606,611
$606.6K
Market Conditions
NOI Build-Up for 5,508 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
$82.6K $15.00/SF
− Vacancy
−$4.6K −$0.84/SF
EGI
$78.0K $14.16/SF
− OpEx
−$23.4K −$4.25/SF
NOI
$54.6K $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%
$1,091,900
Cap Rate 7%
$779,929
Cap Rate 9%
$606,611
Alternative Uses
Best Use
Retail
$779.9K
$682.4K – $909.9K
NOI $54,595 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.9K
$825.9K – $1.10M
NOI $66,070 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
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 property - Remodeled 5,508 SF retail building with high visibility and ample parking.
Where is this retail property located?
The property is located at 6010 I 55 N Jackson, MS.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Excellent visibility from I‑55 (98,000 VPD) and Adkins Blvd. (18,000 VPD); Ample parking with 105 total parking spaces; Large interstate pylon sign
