Renovated Mixed-Use
For Sale
Contact for pricing
1224 East Fortification Street, Jackson, MS 39202
Flexible layout includes private offices, a full bath, and an updated kitchen/breakroom.
Property Size1,264 SF
Price / SF$170.02
Days on Market11
Property Features for 1224 East Fortification Street
General Information
Standard status
Active
Size
1,264 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Road Access
Yes
Listing Agency:
Overby Commercial
Listed By:
Scott Overby, CCIM · License #MS B16124
(601) 624-8511
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 11 at 6:27AM
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 Overby Commercial
Investment Insights
Based on property information with market context.
Located at 1224 East Fortification Street, this renovated 1,264-square-foot mixed-use property offers a practical configuration for professional office, creative workspace, or other permitted commercial uses. The interior includes multiple private rooms or offices, a full bath, and an updated kitchen/breakroom area. A detached garage adds separate storage or utility space.
The property occupies a double corner lot at East Fortification Street and Quinn Street in Jackson’s Belhaven area. It is within the Belhaven Overlay District, where residential and office use may be permitted subject to applicable regulations. The site also provides access to Belhaven Town Center, Belhaven University, Fondren, Downtown Jackson, and major thoroughfares.
The property occupies a double corner lot at East Fortification Street and Quinn Street in Jackson’s Belhaven area. It is within the Belhaven Overlay District, where residential and office use may be permitted subject to applicable regulations. The site also provides access to Belhaven Town Center, Belhaven University, Fondren, Downtown Jackson, and major thoroughfares.
Key Highlights
- 1,264‑square‑foot renovated mixed‑use property
- Double corner lot at East Fortification Street and Quinn Street
- Multiple private rooms or offices with a full bath
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
$11,813
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
5.50%
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%
$236,260
$236.3K
Cap Rate 7%
$168,757
$168.8K
Cap Rate 9%
$131,256
$131.3K
Market Conditions
NOI Build-Up for 1,264 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
$17.9K $14.16/SF
− Vacancy
−$2.1K −$1.70/SF
EGI
$15.8K $12.46/SF
− OpEx
−$3.9K −$3.12/SF
NOI
$11.8K $9.35/SF
Area
Jackson, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$236,260
Cap Rate 7%
$168,757
Cap Rate 9%
$131,256
Alternative Uses
Best Use
Office B
$168.8K
$147.7K – $196.9K
NOI $11,813 @ 7.0% cap · market cap 5.50%
Second Best
Mixed Use
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,162 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout includes private offices, a full bath, and an updated kitchen/breakroom.
Where is this mixed-use property located?
The property is located at 1224 East Fortification Street Jackson, MS.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 1,264‑square‑foot renovated mixed‑use property; Double corner lot at East Fortification Street and Quinn Street; Multiple private rooms or offices with a full bath
