Improved Two-Story Mixed-Use
New
For Sale
$895,000
2104 Raymond Road, Jackson, MS 39212
Updated commercial space combines retail, office, and service-oriented areas across two levels.
Property Size8,000 SF
Price / SF$111.88
Days on Market2
Property Features for 2104 Raymond Road
General Information
Standard status
Active
Size
8,000 SF
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Legacy Real Estate
Listed By:
Kara S Washington · License #B22997
(601) 398-2472
Source:
Myfrontgaterealty
Added: Sep 10
Last Checked: Sep 10 at 2:45PM
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 Legacy Real Estate
Investment Insights
Based on property information with market context.
This approximately 8,000-square-foot, two-story mixed-use building includes several ground-floor retail areas, professional office space, a beauty/barber shop, and executive offices on the second floor. Multiple entrances support separate access points, while ample parking serves the property. Recent improvements include a newer roof, HVAC systems, electrical upgrades, replacement windows and doors, and refreshed interior finishes.
The property is located at 2104 Raymond Road in Jackson, Mississippi, along the Raymond Road corridor in South Jackson. Highway 18 is nearby, with access to I-20 and I-55. The existing configuration accommodates a combination of retail, office, service, medical, and other commercial uses, subject to applicable requirements.
The property is located at 2104 Raymond Road in Jackson, Mississippi, along the Raymond Road corridor in South Jackson. Highway 18 is nearby, with access to I-20 and I-55. The existing configuration accommodates a combination of retail, office, service, medical, and other commercial uses, subject to applicable requirements.
Key Highlights
- Approximately 8,000‑square‑foot, two‑story mixed‑use building
- Multiple ground‑floor retail spaces with professional office areas
- Beauty/barber shop and second‑floor executive office space
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
$79,296
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
8.86%
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%
$1,585,920
$1.6M
Cap Rate 7%
$1,132,800
$1.1M
Cap Rate 9%
$881,067
$881.1K
Market Conditions
NOI Build-Up for 8,000 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
$120.0K $15.00/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$113.3K $14.16/SF
− OpEx
−$34.0K −$4.25/SF
NOI
$79.3K $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%
$1,585,920
Cap Rate 7%
$1,132,800
Cap Rate 9%
$881,067
Alternative Uses
Best Use
Retail
$1.13M
$991.2K – $1.32M
NOI $79,296 @ 7.0% cap · market cap 8.86%
Second Best
Mixed Use
$1.00M
$877.5K – $1.17M
NOI $70,200 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space combines retail, office, and service-oriented areas across two levels.
Where is this mixed-use property located?
The property is located at 2104 Raymond Road Jackson, MS.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 8,000‑square‑foot, two‑story mixed‑use building; Multiple ground‑floor retail spaces with professional office areas; Beauty/barber shop and second‑floor executive office space
