Retail Building with
For Sale
Contact for pricing
1925 Lakeland Drive, Jackson, MS 39216
Freestanding retail space includes an existing drive-through and available furniture, fixtures, and equipment.
Property Size5,359 SF
Price / SF$0.00
Days on Market136
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Property Features for 1925 Lakeland Drive
General Information
Standard status
Active
Size
5,359 SF
Property subtype
Retail
Listing Agency:
CBRE | Jackson
Listed By:
Richard Ridgway · License #TN 310087
(601) 573-9222
Source:
Cbre
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 14 at 9:53PM
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 CBRE | Jackson
Investment Insights
Based on property information with market context.
This 5,359-square-foot retail building includes an existing drive-through configuration. Furniture, fixtures, and equipment are also available for purchase with the property.
The property is located at 1925 Lakeland Drive in Jackson, Mississippi 39216.
The property is located at 1925 Lakeland Drive in Jackson, Mississippi 39216.
Key Highlights
- 5,359 SF retail building
- Existing drive‑through in place
- Furniture, fixtures, and equipment available for purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,360
$1.1M
Cap Rate 7%
$758,829
$758.8K
Cap Rate 9%
$590,200
$590.2K
Market Conditions
NOI Build-Up for 5,359 SF
Gross rent
$80.4K $15.00/SF
− Vacancy
−$4.5K −$0.84/SF
EGI
$75.9K $14.16/SF
− OpEx
−$22.8K −$4.25/SF
NOI
$53.1K $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%
$1,062,360
Cap Rate 7%
$758,829
Cap Rate 9%
$590,200
Alternative Uses
Best Use
Retail
$758.8K
$664.0K – $885.3K
NOI $53,118 @ 7.0% cap · market cap 200,445.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.3K
$803.5K – $1.07M
NOI $64,282 @ 7.0% cap · market cap 242,573.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 39216, MS
4,061
Population
2,073
Households
2
Avg Household Size
36
Median Age
64%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$43,315
Median Household Income
$33,839
Median Earnings
$1,128
Median Rent
$249,600
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
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail space includes an existing drive-through and available furniture, fixtures, and equipment.
Where is this retail space located?
The property is located at 1925 Lakeland Drive Jackson, MS.
What are key features of this property?
This property features: 5,359 SF retail building; Existing drive‑through in place; Furniture, fixtures, and equipment available for purchase
