Corner Retail
For Sale
Contact for pricing
1600 University Boulevard, Jackson, MS 39204
Retail property at a prominent intersection with access from two major thoroughfares.
Property Size29,000 SF
Lot Size4.50 Acres
Price / SF$206.90
Days on Market162
Property Features for 1600 University Boulevard
General Information
Standard status
Active
Size
29,000 SF
Lot size
4.50 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$6,000,000
Building Details
Tenancy
Single
Listing Agency:
Walter Michel Agency
Listed By:
John Young · License #MS 1116
(601) 352-0757
Source:
Crexi
Added: May 7
Changed: Oct 10
Last Checked: Oct 14 at 9:28PM
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 Walter Michel Agency
Investment Insights
Based on property information with market context.
The property includes an approximately 29,000-square-foot retail facility on approximately 4.5 acres. Its corner position at Highway 80 and Terry Road provides exposure to two major thoroughfares, with building area and site capacity suited to a substantial commercial operation.
The property is currently occupied, and the existing tenant is expected to vacate upon a sale or new lease. The asset is available for sale or lease and may accommodate retail, showroom, commercial, or redevelopment uses as supported by the existing property configuration.
The property is currently occupied, and the existing tenant is expected to vacate upon a sale or new lease. The asset is available for sale or lease and may accommodate retail, showroom, commercial, or redevelopment uses as supported by the existing property configuration.
Key Highlights
- Approximately 29,000 SF of retail building area
- Approximately 4.5‑acre site
- Corner location at Highway 80 and Terry Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,448
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,748,960
$5.7M
Cap Rate 7%
$4,106,400
$4.1M
Cap Rate 9%
$3,193,867
$3.2M
Market Conditions
NOI Build-Up for 29,000 SF
Gross rent
$435.0K $15.00/SF
− Vacancy
−$24.4K −$0.84/SF
EGI
$410.6K $14.16/SF
− OpEx
−$123.2K −$4.25/SF
NOI
$287.4K $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 Rate 5%
$5,748,960
Cap Rate 7%
$4,106,400
Cap Rate 9%
$3,193,867
Alternative Uses
Best Use
Retail
$4.11M
$3.59M – $4.79M
NOI $287,448 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,861 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property at a prominent intersection with access from two major thoroughfares.
Where is this retail space located?
The property is located at 1600 University Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Approximately 29,000 SF of retail building area; Approximately 4.5‑acre site; Corner location at Highway 80 and Terry Road
