Concrete Block Flex
For Sale
$118,900
305 Lorenz Boulevard, Jackson, MS 39213
Commercial Sale, Jackson, MS
Property Size2,877 SF
Lot Size0.22 Acres
Price / SF$41.33
Days on Market110
Property Features for 305 Lorenz Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Active
APN
0103-0049-000
Size
2,877 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG INT S/L LORENZ BLVD & W/L COMMERCE PARK DR RUN SLY 125.91 FT NWLY 69.9 FT NLY 125 FT THENCE ELY 82.5 FT TO POB BEING PT COMMERCE PARK SUBN
Tax Annual Amount
2799
Legal Description
BEG INT S/L LORENZ BLVD & W/L COMMERCE PARK DR RUN SLY 125.91 FT NWLY 69.9 FT NLY 125 FT THENCE ELY 82.5 FT TO POB BEING PT COMMERCE PARK SUBN
Building Details
Year built
1969
Listing Agency:
McGee Realty Services
(601) 845-8139
Listed By:
Chuck L McGee · License #B20964
(601) 832-4715
Added: Jun 4
Changed: Sep 8
Last Checked: Sep 21 at 3:06AM
MLS# 4151721
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 2,877-square-foot flex property provides a practical combination of front workspace, several private offices, and a rear warehouse or storage area. A roll-up door supports loading and unloading, while the concrete-block construction and Trane rooftop HVAC system add functional building features. The layout can accommodate office, service, retail, distribution, or light industrial operations, subject to applicable requirements.
Built in 1969, the property occupies a 0.22-acre site at 305 Lorenz Boulevard in Jackson, Mississippi. Its mix of finished office areas and storage-oriented space offers a straightforward configuration for an owner-user or investor evaluating adaptable commercial space.
Built in 1969, the property occupies a 0.22-acre site at 305 Lorenz Boulevard in Jackson, Mississippi. Its mix of finished office areas and storage-oriented space offers a straightforward configuration for an owner-user or investor evaluating adaptable commercial space.
Key Highlights
- 2,877 square feet of commercial flex space
- 0.22‑acre site at 305 Lorenz Boulevard in Jackson, MS
- Front workspace with multiple private offices
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
$9,314
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
7.83%
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%
$186,280
$186.3K
Cap Rate 7%
$133,057
$133.1K
Cap Rate 9%
$103,489
$103.5K
Market Conditions
NOI Build-Up for 2,877 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
$14.2K $4.92/SF
− Vacancy
−$849 −$0.30/SF
EGI
$13.3K $4.62/SF
− OpEx
−$4.0K −$1.39/SF
NOI
$9.3K $3.24/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /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%
$186,280
Cap Rate 7%
$133,057
Cap Rate 9%
$103,489
Alternative Uses
Best Use
Office B
$384.1K
$336.1K – $448.1K
NOI $26,887 @ 7.0% cap · market cap 22.61%
Second Best
Warehouse
$223.0K
$195.1K – $260.1K
NOI $15,607 @ 7.0% cap · market cap 13.13%
Theoretical Best
Office A
$493.0K
$431.4K – $575.2K
NOI $34,510 @ 7.0% cap · market cap 29.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39213, MS
19,507
Population
10,172
Households
1.9
Avg Household Size
43
Median Age
15%
College-Educated
78%
High-School Grad
28.3 sq mi
ZIP Area
689
Density / Sq Mi
$28,115
Median Household Income
$23,919
Median Earnings
$773
Median Rent
$73,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chef Phillip Brown — 126 Keener Ave, Jackson, MS 39202
- Millsaps College Dining Services — 1701 N State St, Jackson, MS 39210
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout combines private offices, front-area workspace, and rear storage with loading access.
Where is this flex space located?
The property is located at 305 Lorenz Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $118,900.
What are key features of this property?
This property features: 2,877 square feet of commercial flex space; 0.22‑acre site at 305 Lorenz Boulevard in Jackson, MS; Front workspace with multiple private offices
