Building Details

Year built 2023

Floors in Building 1

Listing Agency: TM REALTORS t***@tmhomes.com Show Phone

Listed By: Amber Mooneyham · License #S-58157 Show Phone

Added: Jan 28 Changed: Sep 9 Last Checked: Oct 7 at 9:06AM

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MLS# 26-326

Copyright © 2026 Northeast Mississippi Board of Realtors. 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.

Constructed in 2023, this 5,100-square-foot flex building features a metal exterior, 20-foot wall height, concrete floors, and a large roll-up door. The interior includes a small office, two restrooms with showers, HVAC, and an access control and security system. The property is offered for sale and is also available for lease with agreeable terms.

Located in Mooreville in Lee County, the building sits 1/4 mile from I-22 and directly across from a new TravelCenters of America location. The property has no zoning restrictions, supporting a broad range of commercial or light industrial uses.

Key Highlights

• 5,100 SF metal flex building constructed in 2023
• 20ft wall height with concrete floors
• Large roll‑up door for access and material handling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,170

Cap Rate

7.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$803,400 $803.4K

Cap Rate 7%

$573,857 $573.9K

Cap Rate 9%

$446,333 $446.3K

Market Conditions

NOI Build-Up for 5,100 SF

Gross rent

$67.3K $13.20/SF

− Vacancy

−$5.5K −$1.08/SF

EGI

$61.8K $12.12/SF

− OpEx

−$21.6K −$4.24/SF

NOI

$40.2K $7.88/SF

Area

Lee County, MS

Vacancy

8.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$803,400

Cap Rate 7%

$573,857

Cap Rate 9%

$446,333

Alternative Uses

Best Use

Flex RnD

$573.9K

$502.1K – $669.5K (±1% cap)

NOI $40,170 @ 7.0% cap · market cap 7.34%

Second Best

Warehouse

$547.2K

$478.8K – $638.4K (±1% cap)

NOI $38,301 @ 7.0% cap · market cap 7.00%

Theoretical Best

Office A

$957.8K

$838.1K – $1.12M (±1% cap)

NOI $67,046 @ 7.0% cap · market cap 12.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Unit Athletics Gym & Fitness Center

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Bakery Pharmacy Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 38857, MS

3,688

Population

1,530

Households

2.4

Avg Household Size

39

Median Age

32%

College-Educated

91%

High-School Grad

19.0 sq mi

ZIP Area

194

Density / Sq Mi

$102,571

Median Household Income

$52,966

Median Earnings

$1,025

Median Rent

$184,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Recently built commercial building with flexible light industrial potential, office space, restrooms with showers, and controlled access.

Where is this flex space located?

The property is located at 136 Rd 1400 Mooreville, MS.

What is the asking price?

The asking price for this property is $547,000.

What are key features of this property?

This property features: 5,100 SF metal flex building constructed in 2023; 20ft wall height with concrete floors; Large roll‑up door for access and material handling