Storefront with Included
For Sale
$250,000
1840 N Mill St, Jackson, MS 39202
Existing contents and equipment are part of the sale.
Property Size1,222 SF
Price / SF$204.58
Days on Market11
Property Features for 1840 N Mill St
General Information
Standard status
Active
Size
1,222 SF
Property subtype
Commercial
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 7:39AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,222-square-foot storefront at 1840 N Mill Street in Jackson was previously used as a convenience store. The sale includes the contents and equipment currently at the property, which is being conveyed in its present condition.
The property is located on N Mill Street in Jackson, Mississippi.
The property is located on N Mill Street in Jackson, Mississippi.
Key Highlights
- 1,222‑square‑foot storefront at 1840 N Mill Street in Jackson
- Previously operated as a convenience store
- Existing contents and equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,583
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,660
$271.7K
Cap Rate 7%
$194,043
$194.0K
Cap Rate 9%
$150,922
$150.9K
Market Conditions
NOI Build-Up for 1,222 SF
Gross rent
$19.1K $15.60/SF
− Vacancy
−$953 −$0.78/SF
EGI
$18.1K $14.82/SF
− OpEx
−$4.5K −$3.70/SF
NOI
$13.6K $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 Rate 5%
$271,660
Cap Rate 7%
$194,043
Cap Rate 9%
$150,922
Alternative Uses
Best Use
Specialty Retail
$194.0K
$169.8K – $226.4K
NOI $13,583 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$173.0K
$151.4K – $201.9K
NOI $12,112 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$209.4K
$183.2K – $244.3K
NOI $14,658 @ 7.0% cap · market cap 5.86%
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
Under-served
Demand for This Use
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
Similar Off Market Nearby
- The Wishing Well Florist & Gifts — 2570 Bailey Ave #12, Jackson, MS 39213
Frequently Asked Questions
What type of property is this?
Storefront property - Existing contents and equipment are part of the sale.
Where is this storefront property located?
The property is located at 1840 N Mill St Jackson, MS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,222‑square‑foot storefront at 1840 N Mill Street in Jackson; Previously operated as a convenience store; Existing contents and equipment included in the sale
