Demised Multi-Tenant Retail
For Sale
$675,000
212 W Northside Dr, Jackson, MS 39206
Fully leased space serves a coin laundry and national-brand wireless provider.
Property Size5,040 SF
Days on Market156
Property Features for 212 W Northside Dr
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Retail - Street Retail
Occupancy
100%
Additional Details
Anchor Co-Tenants
regional coin laundry, national-brand wireless provider
Building Details
Building Size
5,040 SF
Year Built
2000
Units
2
Tenancy
Multi
Listing Agency:
NAI UCR Properties
(901) 212-1178
Listed By:
Allen Carr · License #B20042
Source:
Commercialcafe
Added: Mar 28
Changed: Aug 30
Last Checked: Aug 30 at 10:52AM
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 NAI UCR Properties
Investment Insights
Based on property information with market context.
Built in 2000, this retail property was reconfigured from a single-tenant footprint into separate spaces for two service-oriented occupants. The current tenant mix includes a regional coin laundry that has occupied the property since 2008 and a national-brand wireless provider. The coin laundry recently extended its lease, supporting continued occupancy at the site.
The property is located on Northside Drive west of Hanging Moss Road in Jackson, with both leases structured as net leases and providing 3% annual rent increases. Its placement within a dense trade area supports a retail format focused on recurring neighborhood services.
The property is located on Northside Drive west of Hanging Moss Road in Jackson, with both leases structured as net leases and providing 3% annual rent increases. Its placement within a dense trade area supports a retail format focused on recurring neighborhood services.
Key Highlights
- Fully leased to a regional coin laundry and national‑brand wireless provider
- Originally a single‑tenant footprint, reconfigured for two occupants
- Regional coin laundry tenant since 2008
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
$49,956
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
7.40%
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%
$999,120
$999.1K
Cap Rate 7%
$713,657
$713.7K
Cap Rate 9%
$555,067
$555.1K
Market Conditions
NOI Build-Up for 5,040 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
$75.6K $15.00/SF
− Vacancy
−$4.2K −$0.84/SF
EGI
$71.4K $14.16/SF
− OpEx
−$21.4K −$4.25/SF
NOI
$50.0K $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%
$999,120
Cap Rate 7%
$713,657
Cap Rate 9%
$555,067
Alternative Uses
Best Use
Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.7K
$755.7K – $1.01M
NOI $60,456 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 39206, MS
22,553
Population
11,237
Households
2
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,563
Density / Sq Mi
$41,611
Median Household Income
$32,410
Median Earnings
$1,084
Median Rent
$117,400
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 - Fully leased space serves a coin laundry and national-brand wireless provider.
Where is this retail space located?
The property is located at 212 W Northside Dr Jackson, MS.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully leased to a regional coin laundry and national‑brand wireless provider; Originally a single‑tenant footprint, reconfigured for two occupants; Regional coin laundry tenant since 2008
