3-Section Warehouse
For Sale
$399,000
10483 Boney Avenue, Diberville, MS 39540
Commercial Sale, D'Iberville, MS
Property Size4,824 SF
Lot Size0.45 Acres
Price / SF$82.71
Days on Market154
Property Features for 10483 Boney Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Diaz-Williams
Standard status
Active
APN
1409d-04-005.000
Size
4,824 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MARSBY JUMONVILLE & MARGARET JUMONV ILLE JOINT REVOCABLE LIVING TRUST-B CERT OF TRUST 2011-2889-D-J2 LOTS 7 & 8 DIAZ-WILLIAMS SUBD. SEC 22-7-9
Tax Annual Amount
2205
Legal Description
MARSBY JUMONVILLE & MARGARET JUMONV ILLE JOINT REVOCABLE LIVING TRUST-B CERT OF TRUST 2011-2889-D-J2 LOTS 7 & 8 DIAZ-WILLIAMS SUBD. SEC 22-7-9
Building Details
Year built
1992
Listing Agency:
Century 21 Busch Realty Group · Century 21 Real Estate
(228) 324-1715
Listed By:
Sarah Rider · License #S26395
(228) 861-6997
Added: Apr 2
Changed: Aug 26
Last Checked: Sep 2 at 3:06PM
MLS# 4144563
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 4824-square-foot metal-framed warehouse was built in 1992 and is arranged as three separate sections. The first section includes a small office and a 12-foot roll-up door, while the second can connect with the first to create a larger work area and also has a 12-foot roll-up door. A taller third section provides a 14-foot roll-up door for larger equipment. The building features open metal framing, metal panel or Celotex-insulated walls, concrete flooring, and one restroom with a toilet and sink in each section.
A poured driveway extends along the full length of the building, with an open lot beside it that can support additional parking or storage. The property has visibility from 110 and is located in D'Iberville with access to the interstate. It is currently used by the owners for warehouse storage, with the items inside scheduled for removal.
A poured driveway extends along the full length of the building, with an open lot beside it that can support additional parking or storage. The property has visibility from 110 and is located in D'Iberville with access to the interstate. It is currently used by the owners for warehouse storage, with the items inside scheduled for removal.
Key Highlights
- 4824 s.f. metal‑framed warehouse building on 0.45 acres
- Three warehouse sections, including a taller third section
- 12 ft roll‑up doors in the first and second sections
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
$32,664
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
8.19%
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%
$653,280
$653.3K
Cap Rate 7%
$466,629
$466.6K
Cap Rate 9%
$362,933
$362.9K
Market Conditions
NOI Build-Up for 4,824 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
$41.7K $8.64/SF
− Vacancy
−$3.3K −$0.67/SF
EGI
$38.4K $7.97/SF
− OpEx
−$5.8K −$1.19/SF
NOI
$32.7K $6.77/SF
Area
Harrison County, MS
Vacancy
7.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
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%
$653,280
Cap Rate 7%
$466,629
Cap Rate 9%
$362,933
Alternative Uses
Best Use
Flex RnD
$532.9K
$466.3K – $621.8K
NOI $37,305 @ 7.0% cap · market cap 9.35%
Second Best
Warehouse
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 8.19%
Theoretical Best
Healthcare Medical
$777.1K
$680.0K – $906.7K
NOI $54,400 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial space with concrete floors, multiple roll-up doors, restrooms, and an adjacent area for parking or storage.
Where is this warehouse located?
The property is located at 10483 Boney Avenue Diberville, MS.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4824 s.f. metal‑framed warehouse building on 0.45 acres; Three warehouse sections, including a taller third section; 12 ft roll‑up doors in the first and second sections
