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    Pearl, MS Retail/Office Condo Title is generated by Realmo AI

    401 Cross Park Dr lot B, Pearl, MS 39208

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    Claim this Listing
    For Sale
    $155,000

    COMMERCIAL - Pearl, MS

    Type:Office
    Property size:
    1,020 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $151/SF
    Added:
    May 19, 2025
    Days on Market:
    363
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 401 Cross Park Dr lot B

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bedrooms
    1
    Rooms
    Bedroom 1
    Standard status
    Active
    APN
    G09d000009 00000b
    Size
    1,020 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT B CROSSPARK PLAZA CONDOMINUMS DB 576 PG 0134 0050589
    Tax Annual Amount
    1139

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Sterling McCool
    Sterling McCool

    Listing agent Sterling McCool License #22633

    Listing office Overby, Inc. 800 Woodlands Pkwy Ste 206, Jackson, MS

    Listing date May 19, 2025

    MLS# 4113755

    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.

    HighLights

    • Excellent location on Highway 80, near I‑20 and various businesses.
    • Currently leased to an international credit industrial staffing company.
    • Highly visible investment property with front door parking and signage.
    • Versatile space suitable for professional, retail, or medical use.
    • Features two large offices, a smaller third office, a break room, and a private restroom.
    • Built in 1988.

    Overview

    This retail/office condo is located in the Pearl/Brandon area, conveniently situated on Highway 80, with close proximity to I-20 and a variety of retail and professional establishments. The property, with a size of 1020 square feet, features two large offices, a smaller third office, a break room, and a private restroom. It is currently leased to an international credit industrial staffing company with over 600 locations in multiple countries. The space is suitable for most professional users and could be easily modified for retail or medical purposes. Front door parking and signage are available. The property is located on a lot of 1 acre in Rankin County, MS.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $127.8K
    NOI $11,503 @ 9.00% cap · cautious / downside scenario
    Moderate
    $164.3K
    NOI $11,503 @ 7.00% cap · market / base-case scenario
    Aggressive
    $230.1K
    NOI $11,503 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $21.4k $21.00
    − Vacancy −$2.2k −$2.21
    EGI $19.2k $18.80
    − OpEx −$7.7k −$7.52
    NOI $11.5k $11.28
    1,020 SF · lease $21.00/SF/yr · vacancy 10.50% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $164.3K
    $143.8K – $191.7K (±1% cap)
    NOI $11,503 @ 7.0% cap · market cap 7.42%
    Second Best
    Office B
    $157.4K
    $137.7K – $183.6K (±1% cap)
    NOI $11,016 @ 7.0% cap · market cap 7.11%
    Theoretical Best
    Office A
    $279.8K
    $244.8K – $326.4K (±1% cap)
    NOI $19,584 @ 7.0% cap · market cap 12.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearl
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.043375
    Latitude
    32.2841214

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    FAQs

    What type of property is this?
    Office units - Retail/office condo in Pearl/Brandon area, conveniently located on Highway 80.
    Where is this office units located?
    The property is located at 401 Cross Park Dr lot B Pearl, MS.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Excellent location on Highway 80, near I‑20 and various businesses.; Currently leased to an international credit industrial staffing company.; Highly visible investment property with front door parking and signage.
    (601) 366-8511
    We can help!
    Listing Contact
    Sterling McCool
    Sterling McCool
    Real Estate License ID: 22633
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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