Mixed-Use Building with
New
For Sale
$55,000
270 Maddox Rd, Jackson, MS 39212
Commercial property combines an exterior auto detailing operation with leased interior barber and salon space.
Property Size601 SF
Price / SF$91.51
Days on Market2
Property Features for 270 Maddox Rd
General Information
Standard status
Active
Size
601 SF
Property Condition
Severity
Repairs Needed
Evidence
Property will require repairs and updates
Amenities
interior restroom
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Keller Williams
Listed By:
Michael Manuel · License #S49391
(601) 977-9411
Source:
Fiorellaavenue
Added: Sep 12
Last Checked: Sep 13 at 12:45PM
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 Keller Williams
Investment Insights
Based on property information with market context.
This mixed-use commercial building at 270 Maddox Rd includes an exterior area currently used for an auto detailing business and interior space leased to a barber and salon operation. An interior restroom is included, supporting the building’s existing commercial configuration and potential for other small-business uses.
Constructed in 1983, the property is offered as-is and requires repairs and updates. Its position near major corridors provides access to steady traffic and visibility. The Jackson, MS location is identified as 270 Maddox Rd, ZIP Code 39212.
Constructed in 1983, the property is offered as-is and requires repairs and updates. Its position near major corridors provides access to steady traffic and visibility. The Jackson, MS location is identified as 270 Maddox Rd, ZIP Code 39212.
Key Highlights
- Mixed‑use building with exterior auto detailing use and interior barber/salon occupancy
- Interior space is leased to a barber and salon operation
- Interior restroom included
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
$1,946
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
3.54%
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%
$38,920
$38.9K
Cap Rate 7%
$27,800
$27.8K
Cap Rate 9%
$21,622
$21.6K
Market Conditions
NOI Build-Up for 601 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
$3.0K $4.92/SF
− Vacancy
−$177 −$0.30/SF
EGI
$2.8K $4.62/SF
− OpEx
−$834 −$1.39/SF
NOI
$1.9K $3.24/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /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%
$38,920
Cap Rate 7%
$27,800
Cap Rate 9%
$21,622
Alternative Uses
Best Use
Retail
$85.1K
$74.5K – $99.3K
NOI $5,957 @ 7.0% cap · market cap 10.83%
Second Best
Mixed Use
$75.3K
$65.9K – $87.9K
NOI $5,274 @ 7.0% cap · market cap 9.59%
Theoretical Best
Office A
$103.0K
$90.1K – $120.2K
NOI $7,209 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
107
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
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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 - Commercial property combines an exterior auto detailing operation with leased interior barber and salon space.
Where is this mixed-use property located?
The property is located at 270 Maddox Rd Jackson, MS.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: Mixed‑use building with exterior auto detailing use and interior barber/salon occupancy; Interior space is leased to a barber and salon operation; Interior restroom included
