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    625 Highway 49 Richland, MS 39218

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    Claim this Listing
    For Sale
    $388,500

    COMMERCIAL - Richland, MS

    Property size:
    2,500 SF
    Lot size:
    0.89 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 19 at 10:06 am

    Property Features for 625 Highway 49

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    D07f000040 00030
    Size
    2,500 SF
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 3 COLONIAL SQUARE SUB L/E 4662 SQ FT ALOS LESS .24 AC IN SE COR DB 586 PG 613 102089
    Tax Annual Amount
    3365

    Building Details

    Year built
    2010

    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 Apr 10, 2026

    MLS# 4145800

    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.

    Overview

    Office Warehouse on Highway Frontage

    This small office warehouse is located on Highway 49 in the Jackson MSA. The property benefits from immediate access and visibility on Highway 49, servicing the central Mississippi market. Its location is near the intersection of I-20, I-55, and US-49, with visibility to approximately 50,000 vehicles per day. The property includes a reception area, office, kitchenette, restroom, and a large mezzanine that can be used as a heated and cooled conference or storage room. The warehouse has two 12X16 grade level roll-up doors and one 12x18 grade level roll-up door, along with high ceilings suitable for stackable storage or equipment. Situated on a 0.89-acre lot, this property offers a rare combination of a small warehouse and land. The property contains 2500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Owens & Minor - Jackson Distribution Center — 326 U.S. 49 Frontage Rd, Richland, MS 39218

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1644538
    Latitude
    32.2355274

    Nearby Similar for Sale

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    • Contact for pricing
      20,000 SF

      Richland Industrial Facility with Expansion

      20,000 SF facility expandable by 30,000 SF on 8.7 acres.
      327 Leggett Drive, Richland, MS 39218
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    • $337,500
      2,500 SF

      Highway 49 Frontage Warehouse

      Small office warehouse with frontage on Highway 49.
      625 Highway 49, Richland, MS 39218
      View Details
    • $337,500
      2,500 SF

      Office Warehouse on Highway Frontage

      Small office warehouse with highway frontage and large lot.
      625 Highway 49, Richland, MS 39218
      View Details

    FAQs

    What type of property is this?
    Warehouse - Small office warehouse with frontage on Highway 49.
    Where is this warehouse located?
    The property is located at 625 Highway 49 Richland, MS.
    What is the asking price?
    The asking price for this property is $388,500.
    What are key features of this property?
    This property features: Highway 49 frontage with high visibility (approximately 50,000 vehicles per day).; Strategic location in the most desirable industrial corridor within the Jackson MSA, with immediate access to Highway 49 and proximity to I‑20/I‑55/US‑49.; Recently net leased to a national credit tenant.
    (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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