Commercial Land with Existing
New
For Sale
$475,000
200 N Mill Street, Jackson, MS 39201
Commercial Sale, Jackson, MS
Property Size3,600 SF
Lot Size0.18 Acres
Price / SF$131.94
Days on Market4
Property Features for 200 N Mill Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, City Lot
Standard status
Active
APN
0086-0016-000
Size
3,600 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 9 & A STRIP OFF S/S LOT 8 BEING 18 IN ON MILL ST & 24 IN ON E END BLK B DEPOT SUBN
Tax Annual Amount
4229
Legal Description
LOT 9 & A STRIP OFF S/S LOT 8 BEING 18 IN ON MILL ST & 24 IN ON E END BLK B DEPOT SUBN
Utilities
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Flooring type
Tile
Roof type
Asphalt
Listing Agency:
W Real Estate LLC
(601) 499-0952
Listed By:
Amanda Ray C Purvis · License #s-61726
(601) 968-7229
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 12:06PM
MLS# 4166333
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.
At 200 N Mill Street in Jackson, this 0.18-acre commercial parcel includes a 3,600-square-foot building. Interior features include tile flooring, central air, and ceiling fans; the roof is asphalt. The property is offered as-is.
Key Highlights
- 0.18‑acre commercial parcel with an existing building
- 3,600‑square‑foot building
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,683
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,660
$713.7K
Cap Rate 7%
$509,757
$509.8K
Cap Rate 9%
$396,478
$396.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$54.0K $15.00/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$51.0K $14.16/SF
− OpEx
−$15.3K −$4.25/SF
NOI
$35.7K $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%
$713,660
Cap Rate 7%
$509,757
Cap Rate 9%
$396,478
Alternative Uses
Best Use
Retail
$509.8K
$446.0K – $594.7K
NOI $35,683 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.9K
$539.8K – $719.7K
NOI $43,183 @ 7.0% cap · market cap 9.09%
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
2,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 39201, MS
574
Population
749
Households
0.8
Avg Household Size
40
Median Age
75%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
273
Density / Sq Mi
$77,946
Median Household Income
$77,838
Median Earnings
$1,341
Median Rent
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?
Commercial land - The parcel includes an existing structure with central air and tile flooring.
Where is this commercial land located?
The property is located at 200 N Mill Street Jackson, MS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 0.18‑acre commercial parcel with an existing building; 3,600‑square‑foot building; Central air and ceiling fans
