Tenant-Occupied Retail
For Sale
$275,000
1836 N Mill St, Jackson, MS 39202
An existing tenant occupies the property; showings require advance appointments.
Property Size2,379 SF
Price / SF$115.59
Days on Market11
Property Features for 1836 N Mill St
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1947
Listing Agency:
W Real Estate LLC
Listed By:
Amanda Ray C Purvis · License #S-61726
(601) 968-7229
Source:
Propertiesnorthms
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:37PM
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 W Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,379-square-foot retail property at 1836 N Mill St in Jackson is currently occupied by a tenant. The building dates to 1947.
The property is in downtown Jackson. Showings are available by advance appointment, and any future use remains subject to zoning, required approvals, and existing tenant rights.
The property is in downtown Jackson. Showings are available by advance appointment, and any future use remains subject to zoning, required approvals, and existing tenant rights.
Key Highlights
- 2,379‑square‑foot retail property
- Built in 1947
- Currently occupied by a tenant; showings require advance appointments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,581
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,620
$471.6K
Cap Rate 7%
$336,871
$336.9K
Cap Rate 9%
$262,011
$262.0K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$35.7K $15.00/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$33.7K $14.16/SF
− OpEx
−$10.1K −$4.25/SF
NOI
$23.6K $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 Rate 5%
$471,620
Cap Rate 7%
$336,871
Cap Rate 9%
$262,011
Alternative Uses
Best Use
Retail
$336.9K
$294.8K – $393.0K
NOI $23,581 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.7K – $475.6K
NOI $28,537 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,383
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An existing tenant occupies the property; showings require advance appointments.
Where is this retail space located?
The property is located at 1836 N Mill St Jackson, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,379‑square‑foot retail property; Built in 1947; Currently occupied by a tenant; showings require advance appointments
