Gas Station with Existing
For Sale
$150,000
456 Daniel Lake Boulevard, Jackson, MS 39212
Former gas station site includes an on-site building that requires substantial renovation.
Property Size900 SF
Price / SF$166.67
Days on Market1582
Property Features for 456 Daniel Lake Boulevard
General Information
Standard status
Active
Size
900 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,132
Amenities
3
Building Details
Year Built
1981
Listing Agency:
(601) 607-4777
Listed By:
Coldwell Banker Graham
(601) 278-6459
Source:
Xome
Added: May 8, 2022
Changed: Sep 2
Last Checked: Sep 4 at 4:10AM
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 Coldwell Banker Graham
Investment Insights
Based on property information with market context.
The property is a former gas station site with an existing building. The building condition is described as minimal and it needs a lot of work, making the site best suited for a buyer planning significant renovation.
Public remarks indicate the property is located right off Interstate 55 South.
The asset is presented for sale as a smaller commercial site with improvements currently in place but requiring substantial redevelopment attention.
Public remarks indicate the property is located right off Interstate 55 South.
The asset is presented for sale as a smaller commercial site with improvements currently in place but requiring substantial redevelopment attention.
Key Highlights
- Former gas station site with an on‑site building requiring substantial renovation
- Off Interstate 55 South
- Year built: 1981
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
$10,004
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
6.67%
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%
$200,080
$200.1K
Cap Rate 7%
$142,914
$142.9K
Cap Rate 9%
$111,156
$111.2K
Market Conditions
NOI Build-Up for 900 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
$14.0K $15.60/SF
− Vacancy
−$702 −$0.78/SF
EGI
$13.3K $14.82/SF
− OpEx
−$3.3K −$3.70/SF
NOI
$10.0K $11.11/SF
Area
Jackson, MS
Vacancy
5.00%
Lease Rate
$15.60 /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%
$200,080
Cap Rate 7%
$142,914
Cap Rate 9%
$111,156
Alternative Uses
Best Use
Specialty Retail
$142.9K
$125.1K – $166.7K
NOI $10,004 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$127.4K
$111.5K – $148.7K
NOI $8,921 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$154.2K
$135.0K – $179.9K
NOI $10,796 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
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?
Gas station - Former gas station site includes an on-site building that requires substantial renovation.
Where is this gas station located?
The property is located at 456 Daniel Lake Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Former gas station site with an on‑site building requiring substantial renovation; Off Interstate 55 South; Year built: 1981
