Auto Shop with Car Lot
1241 University Boulevard Jackson, MS 39204
1241 University Boulevard, Jackson, MS, 39204
$45,000
For Sale
$45,000
Property includes a car lot with three bays and a dedicated office space.
Property Size828 SF
Price / SF$54.35
Days on Market171
Property Features for 1241 University Boulevard
General Information
- Standard status
- Active
- Size
- 828 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1958
Listing agency
Millennium Realty Inc
(601) 720-4628
Listed by
John Mondy
(601) 720-4628
Source
Xome
Added: Feb 1 Updated: Jul 21 at 8:57PM Checked: Jul 22 at 3:42AM
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 Millennium Realty Inc
Investment Insights
Based on property information with market context.
This automotive property combines a car lot with three service bays and one office. The layout is designed for a small-scale repair operation, with the bays providing direct workflow space and the office supporting on-site business needs.
The property is located at 1241 University Boulevard in Jackson, MS 39204. At 828 square feet, it offers a compact footprint suitable for an owner-operator or small service business looking to operate from a dedicated facility.
Additional details such as specific bay dimensions, overhead door configuration, and zoning or permitted uses are not provided in the available information, so buyers should verify requirements and conditions during due diligence.
The property is located at 1241 University Boulevard in Jackson, MS 39204. At 828 square feet, it offers a compact footprint suitable for an owner-operator or small service business looking to operate from a dedicated facility.
Additional details such as specific bay dimensions, overhead door configuration, and zoning or permitted uses are not provided in the available information, so buyers should verify requirements and conditions during due diligence.
Key Highlights
- Car lot includes 3 bays and a dedicated office space
- Guest facilities listed as 3
- Built in 1958
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $4.1k | $4.92 |
| − Vacancy | −$244 | −$0.30 |
| EGI | $3.8k | $4.62 |
| − OpEx | −$1.1k | −$1.39 |
| NOI | $2.7k | $3.24 |
828 SF · lease $4.92/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$117.2K
$102.6K – $136.8K
NOI $8,207 @ 7.0% cap · market cap 18.24%
Second Best
Industrial
$38.3K
$33.5K – $44.7K
NOI $2,681 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$141.9K
$124.2K – $165.5K
NOI $9,932 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Woodbridge Auto Sales
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- A MOBILE MECHANIC SERVICES — 270 Marla Ave, Jackson, MS 39204
- Big Boyz Toyz Superior Auto and Truck — 916 I- 20 Frontage Rd, Jackson, MS 39201
- TA Truck Service — 970 I-20 W Frontage Road, Jackson, MS 39201
- TA Truck Service — boyce, la 39201
- Petro Travel Center — 970 I-20 W Frontage Road, Jackson, MS 39201
FAQs
What type of property is this?
Auto shop - Property includes a car lot with three bays and a dedicated office space.
Where is this auto shop located?
The property is located at 1241 University Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: Car lot includes 3 bays and a dedicated office space; Guest facilities listed as 3; Built in 1958
