Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1038 Old Jackson Rd Canton, MS 39046

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1038 Old Jackson Rd Canton, MS 39046

    View on Map
    • Drive through restaurants
    • 4,000 SF
    Off-Market
    Property ID
    US50-0767999
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1038 Old Jackson Rd

    Year built
    2024
    Property size
    4,000 SF
    Property type
    Drive through restaurants
    Property subtype
    Gas stations

    Description

    This exceptional retail opportunity is located at 1038 Old Jackson Rd, Canton, MS 39046, in Madison County. The property boasts a total of 4,000 square feet across two suites within a single, newly constructed building (2024). The property sits on a substantial 37.4-acre lot and is zoned for commercial use. Individual suites offer flexible space, with a minimum divisible size of 1,800 square feet and a maximum contiguous space of 2,250 square feet. One suite is ideally suited for a restaurant, featuring a drive-thru. The other suite is perfect for general retail use. This development is strategically positioned as the only gas station on Nissan Parkway, ensuring high visibility and traffic flow. The property's APN is 092H-34-002-01-01. This is a rare chance to secure space in a brand-new, gas station-anchored center in a rapidly growing area. The property's prime location and modern construction make it an attractive investment for businesses seeking high visibility and convenient access. Don't miss this opportunity to establish your business in this thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Madison
    State
    Mississippi
    Longitude
    -90.086558
    Latitude
    32.583909

    Comparable in this City

    • New
      $2,000 /Mo
      Pending

      Canton Commercial Space For Lease

      2,000 SF NNN space ideal for office or retail.
      1976 Mississippi 43, Canton, MS 39046
      View Details
    • $1,250,000
      Pending

      Canton Commercial Building For Lease

      30,000 SF building suitable for warehouse, retail, or grocery.
      1150 E Peace St, Canton, MS 39046
      View Details
    • Contact for pricing

      Canton Warehouse with Visibility

      20,372 SF warehouse with visibility from Interstate 55.
      277 Soldiers Colony Rd, Canton, MS 39046
      View Details
    • $4 SF/Yr
      53,847 SF

      Spacious Industrial Facility in Canton

      53,847 SF industrial space with office and convenient location.
      252 Yandell Ave, Canton, MS 39046
      View Details
    • $5 SF/Yr

      Canton Office Building For Lease

      Premier office building in Canton's business district, suitable for businesses.
      3390 N Liberty St, Canton, MS 39046
      View Details
    • $495,000

      Canton Office Building For Sale

      10,990 SF office building in Canton's business district.
      3390 N Liberty St, Canton, MS 39046
      View Details

    Similar Nearby for Sale

    • $299,000
      Pending

      Historic Canton District Mixed-Use Property

      Former cotton gin with potential for multiple uses.
      436 W Peace St, Canton, MS 39046
      View Details
    • $400,000
      4.00 Acres

      Canton Commercial Land I-55 Frontage

      4 acres of C-2 zoned land near Nissan and Amazon.
      Hawkins Ln, Canton, MS 39046
      View Details
    • Contact for pricing
      900 SF

      Historic Canton Square Commercial Space

      Versatile commercial space in the heart of Historic Canton Square.
      164 W Center St, Canton, MS 39046
      View Details
    • $495,000

      Historical Canton Square Building

      Investment opportunity in a historical Canton Square building.
      3360 N Liberty St, Canton, MS 39046
      View Details
    • $1,350,000
      14,000 SF

      Highway 43 Commercial Suites

      High-traffic location near I-55, ideal for investment or owner-user.
      1976 Highway 43, Canton, MS 39046
      View Details

    Similar Nearby for Lease

    • New
      $2,000 /Mo
      Pending

      Canton Commercial Space For Lease

      2,000 SF NNN space ideal for office or retail.
      1976 Mississippi 43, Canton, MS 39046
      View Details
    • $1,250,000
      Pending

      Canton Commercial Building For Lease

      30,000 SF building suitable for warehouse, retail, or grocery.
      1150 E Peace St, Canton, MS 39046
      View Details
    • Contact for pricing

      Canton Premier Medical Office Building

      Multi-tenant medical office building with clinic and surgery center space.
      1883 Ms-43, Canton, MS 39046
      View Details
    • $5 SF/Yr

      Functional Industrial Space in Canton

      Industrial space for lease in established Canton industrial corridor.
      340 Barfield St, Canton, MS 39046
      View Details
    • Contact for pricing

      Canton Warehouse/Distribution Property For Sale

      238,150 SF warehouse/distribution property with 28 dock doors.
      555 Matthews Dr, Canton, MS 39046
      View Details
    • Contact for pricing

      Canton Warehouse with Visibility

      20,372 SF warehouse with visibility from Interstate 55.
      277 Soldiers Colony Rd, Canton, MS 39046
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1038 Old Jackson Rd
    Canton, MS 39046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!