Auto Shop with Private
New
For Sale
$150,000
4390 Medgar Evers Boulevard, Jackson, MS 39213
Commercial Sale, Jackson, MS
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$62.50
Days on Market4
Property Features for 4390 Medgar Evers Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
take I-220/US49 to exit 5A Exit onto Medgar Evers BLVD, heading south Continue 1.5 miles down 4390 is on the left
Standard status
Active
APN
408-12
Size
2,400 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BEG INT S/L OBANNON DR & E/L SUNSET DR E 11.12 FT SE/LY 338.88 FT TO POB SE/LY 132.96 FT SW/LY 157.71 FT NW 114.86 FT NW/LY 17.54 FT NE/LY 169.80 FT TO POB IN LOT 59 CAPITOL CITY PLTRY & TRK FARMS LEASE EXP 5 31 2010
Tax Annual Amount
1700
Legal Description
BEG INT S/L OBANNON DR & E/L SUNSET DR E 11.12 FT SE/LY 338.88 FT TO POB SE/LY 132.96 FT SW/LY 157.71 FT NW 114.86 FT NW/LY 17.54 FT NE/LY 169.80 FT TO POB IN LOT 59 CAPITOL CITY PLTRY & TRK FARMS LEASE EXP 5 31 2010
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private office
waiting/reception area
bathroom
Building Details
Year built
1974
Floors in Building
1
Listing Agency:
The Agency Haus LLC DBA Agency
Listed By:
Tammoria Galtney · License #S54465
(601) 665-4869
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 20 at 4:06PM
MLS# 4162864
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot auto shop was built in 1974 and occupies a 0.5-acre property in Jackson. The interior includes a private office, waiting and reception area, and one bathroom, creating a compact configuration for automotive service or another service-based commercial use. Existing equipment is included with an acceptable offer.
The property is located at 4390 Medgar Evers Boulevard in Jackson, MS 39213. Public water and public sewer serve the site, providing established utility connections for ongoing commercial use.
The property is located at 4390 Medgar Evers Boulevard in Jackson, MS 39213. Public water and public sewer serve the site, providing established utility connections for ongoing commercial use.
Key Highlights
- 2,400‑square‑foot auto shop on 0.5 acres
- Private office, waiting/reception area, and one bathroom
- Existing equipment included with an acceptable offer
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
$7,770
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
5.18%
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%
$155,400
$155.4K
Cap Rate 7%
$111,000
$111.0K
Cap Rate 9%
$86,333
$86.3K
Market Conditions
NOI Build-Up for 2,400 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
$11.8K $4.92/SF
− Vacancy
−$708 −$0.30/SF
EGI
$11.1K $4.62/SF
− OpEx
−$3.3K −$1.39/SF
NOI
$7.8K $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%
$155,400
Cap Rate 7%
$111,000
Cap Rate 9%
$86,333
Alternative Uses
Best Use
Retail
$339.8K
$297.4K – $396.5K
NOI $23,789 @ 7.0% cap · market cap 15.86%
Second Best
Industrial
$111.0K
$97.1K – $129.5K
NOI $7,770 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 19.19%
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
189
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39213, MS
19,507
Population
10,172
Households
1.9
Avg Household Size
43
Median Age
15%
College-Educated
78%
High-School Grad
28.3 sq mi
ZIP Area
689
Density / Sq Mi
$28,115
Median Household Income
$23,919
Median Earnings
$773
Median Rent
$73,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Fred Jones Enterprises — 545 Ford Ave, Jackson, MS 39209
- Car Care Solutions & Sales — 145 Bindura Ct, Jackson, MS 39213
- Allen & Allen Auto Repair — 3522 Medgar Evers Blvd, Jackson, MS 39213
- George's Auto Repair — 3604 Medgar Evers Blvd, Jackson, MS 39213
- Pro Tire & Wheels — 4390 Medgar Evers Blvd, Jackson, MS 39213
Frequently Asked Questions
What type of property is this?
Auto shop - Functional commercial layout with reception, private office, bathroom, and existing equipment for service-oriented operations.
Where is this auto shop located?
The property is located at 4390 Medgar Evers Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,400‑square‑foot auto shop on 0.5 acres; Private office, waiting/reception area, and one bathroom; Existing equipment included with an acceptable offer
