Flexible Commercial
For Sale
$825,000
426 W Capitol St, Jackson, MS 39203
Commercial property with stated potential for retail, service, or owner-user operations.
Property Size10,000 SF
Price / SF$82.50
Days on Market84
Property Features for 426 W Capitol St
General Information
Standard status
Active
Size
10,000 SF
Building Details
Year Built
1941
Listing Agency:
W Real Estate LLC
Listed By:
Amanda Frizell · License #S59857
(601) 966-2798
Source:
Fiorellaavenue
Added: Aug 3
Changed: Oct 8
Last Checked: Oct 7 at 5:36PM
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 W Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space property is a commercial building measuring 10,000 in stated property size. The available information identifies potential applications including retail, service, and owner-user use, with the property also positioned for investment use.
The building is located at 426 W Capitol St in Jackson, MS.
The building is located at 426 W Capitol St in Jackson, MS.
Key Highlights
- 10,000 stated property size
- 426 W Capitol St, Jackson, MS
- Potential retail or service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,374
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,480
$647.5K
Cap Rate 7%
$462,486
$462.5K
Cap Rate 9%
$359,711
$359.7K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$49.2K $4.92/SF
− Vacancy
−$3.0K −$0.30/SF
EGI
$46.2K $4.62/SF
− OpEx
−$13.9K −$1.39/SF
NOI
$32.4K $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%
$647,480
Cap Rate 7%
$462,486
Cap Rate 9%
$359,711
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,120 @ 7.0% cap · market cap 12.01%
Second Best
Industrial
$462.5K
$404.7K – $539.6K
NOI $32,374 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,952 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39203, MS
4,395
Population
2,806
Households
1.6
Avg Household Size
38
Median Age
17%
College-Educated
72%
High-School Grad
2.3 sq mi
ZIP Area
1,911
Density / Sq Mi
$27,116
Median Household Income
$23,773
Median Earnings
$739
Median Rent
$53,000
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
- Your Personal Chef — 305 N Congress St, Jackson, MS 39201
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with stated potential for retail, service, or owner-user operations.
Where is this flex space located?
The property is located at 426 W Capitol St Jackson, MS.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10,000 stated property size; 426 W Capitol St, Jackson, MS; Potential retail or service use
