Pearl Office Building
For Sale
$950,000
109 Westside Cv, Pearl, MS 39208
7,550 SF office building with six units in Pearl.
Property Size7,550 SF
Price / SF$125.83
Days on Market214
Property Features for 109 Westside Cv
General Information
Standard status
Active
Size
7,550 SF
Class
B
Property subtype
Office
Building Details
Building Size
7,550 SF
Year Built
2000
Listing Agency:
Speed Commercial Real Estate
Listed By:
Jeff Speed, CCIM · License #MS #16810
(601) 624-8380
Source:
Speedcres
Added: Mar 6
Changed: Oct 5
Last Checked: Oct 5 at 4:55PM
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 Speed Commercial Real Estate
Investment Insights
Based on property information with market context.
This 7,550 square foot building, constructed in 2000, is located in Pearl, Mississippi. The property features six units and is zoned C2, allowing for versatile usage options. Currently operating at 100% occupancy, the property offers a stable income stream. Situated in the Pearl area, the location provides access to business hubs and commercial centers. The property is located at one of the entrances to one of the region's highest volume Walmart Supercenters and is a few miles from the Jackson International Airport. This meticulously maintained property is suited for office or office building investment.
Key Highlights
- 100% Occupancy: Provides a strong and stable income stream.
- Prime Location in Pearl, MS: Located at one of the entrances to the region's highest volume Walmart Supercenter.
- Versatile C2 Zoning: Ensures flexible usage options for office or retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,540
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,800
$1.6M
Cap Rate 7%
$1,164,857
$1.2M
Cap Rate 9%
$906,000
$906.0K
Market Conditions
NOI Build-Up for 7,550 SF
Gross rent
$135.9K $18.00/SF
− Vacancy
−$27.2K −$3.60/SF
EGI
$108.7K $14.40/SF
− OpEx
−$27.2K −$3.60/SF
NOI
$81.5K $10.80/SF
Area
Rankin County, MS
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,800
Cap Rate 7%
$1,164,857
Cap Rate 9%
$906,000
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,540 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,960 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 39208, MS
34,228
Population
13,931
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
47.8 sq mi
ZIP Area
716
Density / Sq Mi
$58,878
Median Household Income
$40,785
Median Earnings
$1,157
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - 7,550 SF office building with six units in Pearl.
Where is this office building located?
The property is located at 109 Westside Cv Pearl, MS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 100% Occupancy: Provides a strong and stable income stream.; Prime Location in Pearl, MS: Located at one of the entrances to the region's highest volume Walmart Supercenter.; Versatile C2 Zoning: Ensures flexible usage options for office or retail.
