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 Market39
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: Sep 8
Last Checked: Sep 9 at 10:53PM
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
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 = 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
$32,374
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
3.92%
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%
$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
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
$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 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%
$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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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
