Climate-Controlled Shooting
For Sale
$4,175,000
112 Dees Drive, Madison, MS 39110
Commercial Sale, Madison, MS
Property Size12,000 SF
Lot Size1.91 Acres
Price / SF$347.92
Days on Market429
Property Features for 112 Dees Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
City Lot, City Lot
Standard status
Active
APN
082h-28-002/10.00
Size
12,000 SF
Lot size
1.91 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 09 (LESS R/O/W) GLUCKSTADT COM MERCIAL CENTE R-1.35 AC LOT 10A GLUCKSTADT COMMERCIAL CENTE R-.54AC-
Tax Annual Amount
21678
Legal Description
LOT 09 (LESS R/O/W) GLUCKSTADT COM MERCIAL CENTE R-1.35 AC LOT 10A GLUCKSTADT COMMERCIAL CENTE R-.54AC-
Amenities
climate controlled indoor shooting lanes
advanced HVAC filtration & high-end capacity ventilation systems
Meggitt automatic target retrieval
bullet containment system
polished concrete floors
custom steel reinforced shooting lanes
sound mitigation
retail showroom
gunsmithing shop
multipurpose private room
classroom space
storage room
office suites
conference room
Building Details
Year built
2019
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Chad Doiron · License #S59663
(601) 260-0335
Added: Jul 7, 2025
Changed: Aug 26
Last Checked: Sep 8 at 10:06AM
MLS# 4118588
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.
Purpose-built sports and entertainment property offering a specialized indoor shooting facility with 11 climate-controlled lanes measuring 75 feet each. The building includes approximately 12,000 square feet on 1.91 acres, with a roughly 3,000-square-foot retail showroom, customer-facing gunsmithing shop, private classroom or training room, storage rack room, office suites, and a conference room. Mechanical improvements include advanced HVAC filtration, high-capacity ventilation, sound mitigation, and bullet containment systems. Automatic target retrieval equipment and reinforced lane construction support the facility’s shooting operations.
Built in 2019, the freestanding property is zoned C2 and is offered turnkey, with the option to retain existing business operations or repurpose the improvements for related commercial use. The site at 112 Dees Drive is located less than one mile from I-55, providing access to Jackson Metro, Ridgeland, Madison, and Canton. On-site parking and easy ingress and egress are also identified in the property information.
Built in 2019, the freestanding property is zoned C2 and is offered turnkey, with the option to retain existing business operations or repurpose the improvements for related commercial use. The site at 112 Dees Drive is located less than one mile from I-55, providing access to Jackson Metro, Ridgeland, Madison, and Canton. On-site parking and easy ingress and egress are also identified in the property information.
Key Highlights
- 11 indoor shooting lanes, each measuring 75 ft
- Approximately 12,000 square feet on 1.91 acres
- Approximately 3,000 SF retail showroom with custom displays
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
$116,802
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
2.80%
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%
$2,336,040
$2.3M
Cap Rate 7%
$1,668,600
$1.7M
Cap Rate 9%
$1,297,800
$1.3M
Market Conditions
NOI Build-Up for 12,000 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
$180.0K $15.00/SF
− Vacancy
−$13.1K −$1.10/SF
EGI
$166.9K $13.91/SF
− OpEx
−$50.1K −$4.17/SF
NOI
$116.8K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /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%
$2,336,040
Cap Rate 7%
$1,668,600
Cap Rate 9%
$1,297,800
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,802 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,857 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 42%
Home Improvements & Furnishings 1%
Hotels & Casinos 1%
Shell
Shops & Services
19,604 visits/mo
0.4 miles
SONIC Drive In
Dining
19,219 visits/mo
0.5 miles
Krystal
Dining
16,427 visits/mo
0.4 miles
BankPlus
Shops & Services
7,250 visits/mo
0.5 miles
Exxon
Shops & Services
4,601 visits/mo
0.4 miles
Demographics for 39110, MS
48,474
Population
18,305
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
652
Density / Sq Mi
$122,955
Median Household Income
$62,071
Median Earnings
$1,979
Median Rent
$342,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Sports & entertainment property - Purpose-built facility with indoor lanes, retail showroom, gunsmithing shop, classroom, storage, and office areas.
Where is this sports & entertainment property located?
The property is located at 112 Dees Drive Madison, MS.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: 11 indoor shooting lanes, each measuring 75 ft; Approximately 12,000 square feet on 1.91 acres; Approximately 3,000 SF retail showroom with custom displays
