D'Iberville Warehouse with Highway
For Sale
Contact for pricing
10483 Boney Avenue, Diberville, MS 39540
4824 SF warehouse in growing D'Iberville district.
Property Size4,824 SF
Price / SF$82.71
Days on Market837
Property Features for 10483 Boney Avenue
General Information
Standard status
Active
Size
4,824 SF
Property subtype
Special Purpose
Building Details
Year Built
1992
Listing Agency:
Century 21 Gollott Lyons Real Estate
(228) 432-0097
Listed By:
Sarah Rider · License #MS
Source:
Crexi
Added: May 17, 2024
Changed: Aug 21
Last Checked: Aug 29 at 10:28PM
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 Century 21 Gollott Lyons Real Estate
Investment Insights
Based on property information with market context.
This 4824 square foot metal-framed warehouse building is located in D'Iberville, Mississippi. The building is divided into three warehouse spaces, each featuring metal exterior doors and a roll-top garage door. The first section includes a small office. Interior walls consist of open metal framing with metal panel walls or Celotex insulation. The flooring is concrete throughout. Each unit is equipped with a restroom containing a toilet and sink. A poured driveway extends the entire length of the building, with an open lot adjacent to the building for additional parking or storage. The property has visibility from Highway 110 and is situated in the heart of the growing district of D'Iberville. The property is currently used for warehouse storage.
Key Highlights
- Large 4824 s.f. metal framed warehouse building.
- Located in the growing district of D'Iberville with visibility from Highway 110.
- Building split into 3 warehouse spaces, each with exterior doors and a roll‑top garage door.
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
$32,664
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
8.19%
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%
$653,280
$653.3K
Cap Rate 7%
$466,629
$466.6K
Cap Rate 9%
$362,933
$362.9K
Market Conditions
NOI Build-Up for 4,824 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
$41.7K $8.64/SF
− Vacancy
−$3.3K −$0.67/SF
EGI
$38.4K $7.97/SF
− OpEx
−$5.8K −$1.19/SF
NOI
$32.7K $6.77/SF
Area
Harrison County, MS
Vacancy
7.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
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%
$653,280
Cap Rate 7%
$466,629
Cap Rate 9%
$362,933
Alternative Uses
Best Use
Warehouse
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 8.19%
Second Best
Industrial
$344.3K
$301.3K – $401.7K
NOI $24,100 @ 7.0% cap · market cap 6.04%
Theoretical Best
Healthcare Medical
$777.1K
$680.0K – $906.7K
NOI $54,400 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- D'Iberville Lock Storage — 10277 Rodriguez St, D'Iberville, MS 39540
- Extra Space Storage — 4059 Ginger Dr, D'Iberville, MS 39540
- KO Storage — 10370 Lemoyne Blvd, D'Iberville, MS 39540
- Storage City of D'lberville — 10328 Lemoyne Blvd, D'Iberville, MS 39540
- Chris Mini Storage — 10288 Gorenflo Rd, D'Iberville, MS 39540
Frequently Asked Questions
What type of property is this?
Warehouse - 4824 SF warehouse in growing D'Iberville district.
Where is this warehouse located?
The property is located at 10483 Boney Avenue Diberville, MS.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Large 4824 s.f. metal framed warehouse building.; Located in the growing district of D'Iberville with visibility from Highway 110.; Building split into 3 warehouse spaces, each with exterior doors and a roll‑top garage door.
