Industrial Auto Shop with
For Sale
$850,000
251 Yandell Road, Canton, MS 39046
Commercial Sale, Canton, MS
Property Size9,200 SF
Lot Size5.00 Acres
Price / SF$92.39
Days on Market342
Property Features for 251 Yandell Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
093d-18c-077-02-01
Size
9,200 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TRACT IN SE1/4 SW1/4 CONTAINING 5.0A
Tax Annual Amount
5825
Legal Description
TRACT IN SE1/4 SW1/4 CONTAINING 5.0A
Building Details
Year built
1997
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Jon-David Johnson · License #B17543
(601) 624-7288
Added: Sep 24, 2025
Changed: Aug 26
Last Checked: Aug 31 at 12:06PM
MLS# 4126701
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 industrial auto shop property combines a 7,200-square-foot truck repair facility with approximately 1,200 square feet of finished office space and roughly 6,000 square feet configured for shop and repair work. A separate 2,000-square-foot self-storage-style building is also included. The improvements were built in 1997 and sit on more than five acres of I-2-zoned land, providing outdoor storage and laydown space associated with industrial operations.
The property is within Canton city limits, approximately 0.6 miles north of Canton Square and three miles east of the Madison Mega Site. It also offers proximity to I-55 and nearby regional development. The configuration is suited to truck repair, fleet maintenance, and related industrial operations.
The property is within Canton city limits, approximately 0.6 miles north of Canton Square and three miles east of the Madison Mega Site. It also offers proximity to I-55 and nearby regional development. The configuration is suited to truck repair, fleet maintenance, and related industrial operations.
Key Highlights
- 7,200 SF truck repair facility with approximately 6,000 SF of shop space and 1,200 SF of office space
- Separate 2,000 SF self‑storage style building included
- 5+ acres of I‑2 zoned land
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
$73,884
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
8.69%
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%
$1,477,680
$1.5M
Cap Rate 7%
$1,055,486
$1.1M
Cap Rate 9%
$820,933
$820.9K
Market Conditions
NOI Build-Up for 9,200 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
$129.2K $14.04/SF
− Vacancy
−$15.5K −$1.68/SF
EGI
$113.7K $12.36/SF
− OpEx
−$39.8K −$4.32/SF
NOI
$73.9K $8.03/SF
Area
Madison County, MS
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
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%
$1,477,680
Cap Rate 7%
$1,055,486
Cap Rate 9%
$820,933
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,548 @ 7.0% cap · market cap 10.54%
Second Best
Flex RnD
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,190 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
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.
Similar Off Market Nearby
- Serve-All Towing and Roadside Co. — 3325 S Liberty St, Canton, MS 39046
- Windshield Repair Today of Canton — 636 E Peace St, Canton, MS 39046
- Abigail Towing Service — 3361 N Liberty St, Canton, MS 39046
- Faurecia — 252 Yandell Ave, Canton, MS 39046
- June Lawson Auto Wrecker Service — 388 miller st, canton, ms 39046
Frequently Asked Questions
What type of property is this?
Auto shop - I-2-zoned industrial property with shop, office, storage, and outdoor space for truck service or fleet operations.
Where is this auto shop located?
The property is located at 251 Yandell Road Canton, MS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7,200 SF truck repair facility with approximately 6,000 SF of shop space and 1,200 SF of office space; Separate 2,000 SF self‑storage style building included; 5+ acres of I‑2 zoned land
