Flex/Industrial Complex with Three
For Sale
$1,490,000
995 N Halstead Road, Ocean Springs, MS 39564
COMMERCIAL - Ocean Springs, MS
Property Size9,550 SF
Lot Size1.17 Acres
Price / SF$156.02
Days on Market114
Property Features for 995 N Halstead Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Subdivision
Commerce Plaza
Lot features
City Lot, City Lot
Standard status
Active
APN
6-10-57-207.000
Size
9,550 SF
Lot size
1.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 COMMERCE PLAZA S/D PART 1 PB 18-24 DB 1381-18 (61.02 MAP788.28-02)
Tax Annual Amount
9859
Legal Description
LOT 7 COMMERCE PLAZA S/D PART 1 PB 18-24 DB 1381-18 (61.02 MAP788.28-02)
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
electric gate
security systems
Building Details
Year built
2006
Flooring type
Concrete
Listing Agency:
RE/MAX Real Estate Partners · RE/MAX International
(228) 875-3333
Listed By:
Kimberlee E Williams · License #13644
(228) 326-5533
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 4146748
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 centrally located flex/industrial complex sits on a 1.17-acre site comprised of three parcels and includes three buildings totaling approximately 9,550 square feet of gross building area. The North Building is the largest at 6,300 square feet. The South Building contains 1,500 square feet of mixed office and storage space, and the East Building is a 1,750 square-foot steel frame structure with a mezzanine level constructed on timber piles and steel girders to accommodate low ground conditions along the eastern boundary.
The East Building is located in a flood zone, while the rest of the property and the other two buildings are not. The property includes an electric gate, upgraded electrical features, security systems, concrete flooring, and two offices with four bathrooms.
Zoned Regional Commercial C-H, the site offers flexible space for a variety of commercial uses within its multi-building configuration.
The East Building is located in a flood zone, while the rest of the property and the other two buildings are not. The property includes an electric gate, upgraded electrical features, security systems, concrete flooring, and two offices with four bathrooms.
Zoned Regional Commercial C-H, the site offers flexible space for a variety of commercial uses within its multi-building configuration.
Key Highlights
- Three buildings totaling approximately 9,550 SF on 1.17‑acre site across three parcels
- North Building 6,300 SF
- South Building 1,500 SF with mixed office and storage space
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
$135,870
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
9.12%
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%
$2,717,400
$2.7M
Cap Rate 7%
$1,941,000
$1.9M
Cap Rate 9%
$1,509,667
$1.5M
Market Conditions
NOI Build-Up for 9,550 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
$229.2K $24.00/SF
− Vacancy
−$48.0K −$5.03/SF
EGI
$181.2K $18.97/SF
− OpEx
−$45.3K −$4.74/SF
NOI
$135.9K $14.23/SF
Area
Jackson County, MS
Vacancy
20.96%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,717,400
Cap Rate 7%
$1,941,000
Cap Rate 9%
$1,509,667
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.26M
NOI $135,870 @ 7.0% cap · market cap 9.12%
Second Best
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,383 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,627 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Three-building flex/industrial complex on a 1.17-acre site zoned Regional Commercial C-H with upgraded electrical and security systems.
Where is this flex space located?
The property is located at 995 N Halstead Road Ocean Springs, MS.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Three buildings totaling approximately 9,550 SF on 1.17‑acre site across three parcels; North Building 6,300 SF; South Building 1,500 SF with mixed office and storage space
