Convenience Store with Existing
New
For Sale
$250,000
1840 N Mill Street, Jackson, MS 39202
Commercial Sale, Jackson, MS
Property Size1,222 SF
Lot Size0.17 Acres
Price / SF$204.58
Days on Market5
Property Features for 1840 N Mill Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot, Open Lot, Corner Lot, Open Lot
Standard status
Active
APN
0058-0031-004
Size
1,222 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT INT E LINE MILL ST & S LINE MILLSAPS AVE RUN SW/LY ALONG MILL ST 90 FT E/LY 109.5 FT N/LY 88 FT TO S LINE MILLSAPS AVE W 90.2 FT TO PT OF BEG BEING PART LOTS 4 & 5 BLK W MILLSAPS COLLEGE ADDN
Tax Annual Amount
1201
Legal Description
BEG AT INT E LINE MILL ST & S LINE MILLSAPS AVE RUN SW/LY ALONG MILL ST 90 FT E/LY 109.5 FT N/LY 88 FT TO S LINE MILLSAPS AVE W 90.2 FT TO PT OF BEG BEING PART LOTS 4 & 5 BLK W MILLSAPS COLLEGE ADDN
Utilities
Utilities
Electricity Available
Cooling system
Central Air, Electric
Building Details
Roof type
Flat
Listing Agency:
W Real Estate LLC
(601) 499-0952
Listed By:
Amanda Ray C Purvis · License #s-61726
(601) 968-7229
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 24 at 7:06AM
MLS# 4166334
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,222-square-foot commercial property occupies a 0.17-acre site at 1840 N Mill Street in Jackson. Its prior operation was as a convenience store. The building has central air conditioning with electric cooling, a flat roof, and electricity available. Existing contents and equipment are included in the sale, and the property is offered as-is.
Key Highlights
- 1,222‑square‑foot building on a 0.17‑acre site
- Existing contents and equipment included in the sale
- Previously operated as a convenience store
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Grocery Depot — 904 E Fortification St, Jackson, MS 39202
- Corner Market — 904 e fortification st, jackson, ms 39202
- Save A Lot — 2441 Bailey Ave, Jackson, MS 39213
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing contents and equipment are included in the sale.
Where is this grocery and convenience store located?
The property is located at 1840 N Mill Street 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 building on a 0.17‑acre site; Existing contents and equipment included in the sale; Previously operated as a convenience store
