Auto Shop with Salon
For Sale
$69,000
270 Maddox Road, Jackson, MS 39212
Commercial building with an interior restroom, existing salon occupancy, and exterior auto detailing use.
Property Size601 SF
Price / SF$114.81
Days on Market311
Property Features for 270 Maddox Road
General Information
Standard status
Active
Size
601 SF
Property subtype
General Commercial
Property Condition
Severity
Repairs Needed
Evidence
require repairs and updates
Taxes and HOA fees
Annual Taxes
$2,831
Amenities
interior restroom
3
US Highway.
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
(601) 977-9411
Listed By:
Keller Williams
(601) 977-9411
Source:
Xome
Added: Oct 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:31PM
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 commercial building combines an auto detailing operation on the exterior with a barber and salon business occupying the interior. An interior restroom is included, and the layout supports separate activity within the building and exterior areas.
Constructed in 1983, the property is offered in as-is condition and requires repairs and updates. Its US Highway location provides direct corridor exposure, while the existing uses demonstrate a combination of automotive and personal-service functions within the property.
Constructed in 1983, the property is offered in as-is condition and requires repairs and updates. Its US Highway location provides direct corridor exposure, while the existing uses demonstrate a combination of automotive and personal-service functions within the property.
Key Highlights
- Exterior area currently used for auto detailing
- Interior leased to a barber and salon business
- 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
$5,957
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
8.63%
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%
$119,140
$119.1K
Cap Rate 7%
$85,100
$85.1K
Cap Rate 9%
$66,189
$66.2K
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
$9.0K $15.00/SF
− Vacancy
−$505 −$0.84/SF
EGI
$8.5K $14.16/SF
− OpEx
−$2.6K −$4.25/SF
NOI
$6.0K $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%
$119,140
Cap Rate 7%
$85,100
Cap Rate 9%
$66,189
Alternative Uses
Best Use
Retail
$85.1K
$74.5K – $99.3K
NOI $5,957 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$27.8K
$24.3K – $32.4K
NOI $1,946 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$103.0K
$90.1K – $120.2K
NOI $7,209 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with an interior restroom, existing salon occupancy, and exterior auto detailing use.
Where is this auto shop located?
The property is located at 270 Maddox Road Jackson, MS.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Exterior area currently used for auto detailing; Interior leased to a barber and salon business; Interior restroom included
