Family Dollar Retail
For Sale
Contact for pricing
2019a Raymond Rd, Jackson, MS 39204
Retail space with C-2: Limited Commercial zoning in Jackson, Mississippi.
Property Size9,241 SF
Price / SF$116.76
Days on Market176
Property Features for 2019a Raymond Rd
General Information
Standard status
Active
Size
9,241 SF
Property subtype
Retail
Zoning
C-2: Limited Commercial
Lease Type
NN
Net Operating Income
$79,833
Additional Details
Cap Rate
7.4%
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(205) 259-2195
Listed By:
Dale Robbins · License #CA 01956197
Source:
Crexi
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 5:59AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This retail property encompasses 9,241 square feet and was built in 2003. The asset is identified as Family Dollar and carries C-2: Limited Commercial zoning, providing a clear retail-oriented commercial classification.
Located at 2019a Raymond Rd in Jackson, Mississippi, the property is offered for sale with a reported 7.40% CAP rate. The address, building area, construction year, zoning, and stated property identification provide the core physical and transactional profile for review.
Located at 2019a Raymond Rd in Jackson, Mississippi, the property is offered for sale with a reported 7.40% CAP rate. The address, building area, construction year, zoning, and stated property identification provide the core physical and transactional profile for review.
Key Highlights
- 9,241‑square‑foot retail property
- 7.40% CAP rate
- C‑2: Limited Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,831,940
$1.8M
Cap Rate 7%
$1,308,529
$1.3M
Cap Rate 9%
$1,017,744
$1.0M
Market Conditions
NOI Build-Up for 9,241 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$138.6K $15.00/SF
− Vacancy
−$7.8K −$0.84/SF
EGI
$130.9K $14.16/SF
− OpEx
−$39.3K −$4.25/SF
NOI
$91.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,831,940
Cap Rate 7%
$1,308,529
Cap Rate 9%
$1,017,744
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,597 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,848 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with C-2: Limited Commercial zoning in Jackson, Mississippi.
Where is this retail space located?
The property is located at 2019a Raymond Rd Jackson, MS.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: 9,241‑square‑foot retail property; 7.40% CAP rate; C‑2: Limited Commercial zoning
