1030 W Third St, Forest, MS 39074
3 acres with 3,350 SF building plus leasehold land.
- Added:
- Apr 25, 2025
- Days on Market:
- 414
- Last Refresh:
- Apr 5 at 8:20 pm
Property Features for 1030 W Third St
General Information
- Standard status
- Active
- Size
- 3,350 SF
- Lot size
- 4.00 Acres
Listing agent Matt Alford License #B18871
Listing office Alford Realty (601) 469-1377
Listing date Apr 25, 2025
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Alford Realty
HighLights
- 3,350 sq ft climate‑controlled concrete block building.
- Situated on 3 acres of Fee Simple land with an additional 1 acre of adjacent leasehold land.
- Features a large gravel parking lot.
- Located along U.S. Highway 80.
- Ideal for industrial or commercial use.
- Full kitchen and restrooms included.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.5k | $4.92 |
| − Vacancy | −$989 | −$0.30 |
| EGI | $15.5k | $4.62 |
| − OpEx | −$4.6k | −$1.39 |
| NOI | $10.8k | $3.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest
- County
- Scott
- State
- Mississippi
- Longitude
- -89.4623
- Latitude
- 32.3636
