Mixed-Use Development
For Sale
$600,000
2026 Dalton Street, Jackson, MS 39204
Three adjoining parcels are offered together for sale with zoning of R4, R4, and C2.
Property Size3,491 SF
Price / SF$171.87
Days on Market165
Property Features for 2026 Dalton Street
General Information
Standard status
Active
Size
3,491 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$515
Amenities
3
0.51
Building Details
Year Built
1948
Listing Agency:
Harrowgate Realty Group, Inc
(601) 770-6757
Listed By:
Antonia Erhabor
(601) 926-2632
Source:
Xome
Added: Mar 25
Changed: Sep 2
Last Checked: Sep 5 at 5:31AM
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 Harrowgate Realty Group, Inc
Investment Insights
Based on property information with market context.
This offering includes three adjoining parcels sold together as one package. Zoning is R4 for two parcels and C2 for one parcel, providing flexibility for residential and commercial development concepts.
The property is located at 2026 Dalton Street in Jackson, MS 39204. The package is being presented as a single commercial offering with one total list price for all parcels.
Zoning designation across the parcels supports a mix of potential uses, with R4 accommodating residential development and C2 allowing commercial uses such as retail, office, restaurant, or service-based businesses, as stated in the listing remarks.
The property is located at 2026 Dalton Street in Jackson, MS 39204. The package is being presented as a single commercial offering with one total list price for all parcels.
Zoning designation across the parcels supports a mix of potential uses, with R4 accommodating residential development and C2 allowing commercial uses such as retail, office, restaurant, or service-based businesses, as stated in the listing remarks.
Key Highlights
- Three adjoining parcels sold together for one price
- Zoning: R4 (2 parcels) and C2 (1 parcel)
- Lot size: 0.51 (lot dimensions)
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
$30,634
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
5.11%
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%
$612,680
$612.7K
Cap Rate 7%
$437,629
$437.6K
Cap Rate 9%
$340,378
$340.4K
Market Conditions
NOI Build-Up for 3,491 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
$54.5K $15.60/SF
− Vacancy
−$5.4K −$1.56/SF
EGI
$49.0K $14.04/SF
− OpEx
−$18.4K −$5.27/SF
NOI
$30.6K $8.77/SF
Area
Jackson, MS
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$612,680
Cap Rate 7%
$437,629
Cap Rate 9%
$340,378
Alternative Uses
Best Use
Mixed Use
$437.6K
$382.9K – $510.6K
NOI $30,634 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$306.8K
$268.4K – $357.9K
NOI $21,474 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$598.2K
$523.4K – $697.9K
NOI $41,875 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
534
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three adjoining parcels are offered together for sale with zoning of R4, R4, and C2.
Where is this multifamily property located?
The property is located at 2026 Dalton Street Jackson, MS.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three adjoining parcels sold together for one price; Zoning: R4 (2 parcels) and C2 (1 parcel); Lot size: 0.51 (lot dimensions)
