Auto Shop with Three Service
For Sale
$160,000
3607 I 55 S, Jackson, MS 39212
Fenced grounds, updated office space, and a remodeled kitchen complement the service area.
Property Size3,202 SF
Price / SF$49.97
Days on Market23
Property Features for 3607 I 55 S
General Information
Standard status
Active
Size
3,202 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
3
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
air compressor outlets
remodeled office spaces
remodeled kitchen
security system with 8 exterior surveillance cameras
Building Details
Buildings
1
Building Size
3,202 SF
Listing Agency:
Millennium Realty Inc
(769) 257-7780
Listed By:
Linda M Jones
(601) 832-8514
Source:
Exprealty
Added: Oct 3
Changed: Oct 25
Last Checked: Oct 25 at 2:47AM
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 Millennium Realty Inc
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Investment Insights
Based on property information with market context.
Configured for automotive work, the building has three service bays with garage doors and air compressor outlets. Remodeled office areas and a remodeled kitchen provide additional interior space. The property is enclosed by fencing and has a security system with 8 exterior surveillance cameras.
The site is on the I-55 South Frontage Road, with interstate access. Potential uses identified for the property include automotive service, vehicle maintenance, and body shop operations.
The site is on the I-55 South Frontage Road, with interstate access. Potential uses identified for the property include automotive service, vehicle maintenance, and body shop operations.
Key Highlights
- Three working bays with garage doors
- Air compressor outlets in the service area
- Remodeled office spaces and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,366
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,320
$207.3K
Cap Rate 7%
$148,086
$148.1K
Cap Rate 9%
$115,178
$115.2K
Market Conditions
NOI Build-Up for 3,202 SF
Gross rent
$15.8K $4.92/SF
− Vacancy
−$945 −$0.30/SF
EGI
$14.8K $4.62/SF
− OpEx
−$4.4K −$1.39/SF
NOI
$10.4K $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 Rate 5%
$207,320
Cap Rate 7%
$148,086
Cap Rate 9%
$115,178
Alternative Uses
Best Use
Retail
$453.4K
$396.7K – $529.0K
NOI $31,738 @ 7.0% cap · market cap 19.84%
Second Best
Industrial
$148.1K
$129.6K – $172.8K
NOI $10,366 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$548.7K
$480.1K – $640.2K
NOI $38,409 @ 7.0% cap · market cap 24.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Protech Diesel service — 3840 I-55 South Frontage Rd, Jackson, MS 39212
- Starz Auto and Trailer Sales — 3844 I-55 South Frontage Rd, Jackson, MS 39212
- Easy Tire Service Inc. — 420 Savanna St, Jackson, MS 39212
- Mike's Automatic Transmissions — 3796 I-55 South Frontage Rd, Jackson, MS 39212
- Auto Kings — 3631 I-55, Jackson, MS 39212
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced grounds, updated office space, and a remodeled kitchen complement the service area.
Where is this auto shop located?
The property is located at 3607 I 55 S Jackson, MS.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Three working bays with garage doors; Air compressor outlets in the service area; Remodeled office spaces and kitchen
