Convenience Store with
New
For Sale
$205,000
972 W Mayes, Jackson, MS 39213
An interior residential unit is equipped with a kitchen and bathroom.
Property Size2,887 SF
Price / SF$71.01
Days on Market2
Property Features for 972 W Mayes
General Information
Standard status
Active
Size
2,887 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Convenience Store
Yes
Amenities
studio apartment
Building Details
Year Built
1985
Listing Agency:
America's Realty- Universal
Listed By:
James Carson · License #4204
(601) 906-7653
Source:
Cdgroupusa
Added: Oct 24
Last Checked: Oct 24 at 2:32PM
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 America's Realty- Universal
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Investment Insights
Based on property information with market context.
This convenience store property includes an apartment within the building, fitted with a kitchen and bathroom. The store was built in 1985 and contains 2,887 square feet.
The property is at 972 W Mayes in Jackson, within a residential area described as having a population of 17,689.
The property is at 972 W Mayes in Jackson, within a residential area described as having a population of 17,689.
Key Highlights
- 2,887‑square‑foot convenience store property
- Interior apartment includes a kitchen and bathroom
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,346
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,920
$186.9K
Cap Rate 7%
$133,514
$133.5K
Cap Rate 9%
$103,844
$103.8K
Market Conditions
NOI Build-Up for 2,887 SF
Gross rent
$14.2K $4.92/SF
− Vacancy
−$852 −$0.30/SF
EGI
$13.4K $4.62/SF
− OpEx
−$4.0K −$1.39/SF
NOI
$9.3K $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%
$186,920
Cap Rate 7%
$133,514
Cap Rate 9%
$103,844
Alternative Uses
Best Use
Specialty Retail
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 15.65%
Second Best
Retail
$408.8K
$357.7K – $476.9K
NOI $28,616 @ 7.0% cap · market cap 13.96%
Theoretical Best
Office A
$494.7K
$432.9K – $577.2K
NOI $34,630 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An interior residential unit is equipped with a kitchen and bathroom.
Where is this grocery and convenience store located?
The property is located at 972 W Mayes Jackson, MS.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 2,887‑square‑foot convenience store property; Interior apartment includes a kitchen and bathroom; Built in 1985
