Two-Building Office
112 Byram Pkwy, Byram, MS 39272
For Sale
$415,000
Approximately half of the space is occupied, with suites available for lease in both buildings.
Property Size3,640 SF
Price / SF$114.01
Days on Market32
Property Features for 112 Byram Pkwy
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Owner Occupied
Listing Agency:
Realty of America (ROA)
Listed By:
Amy Claire Smith
(601) 331-9050
Source:
Propertiesnorthms
Added: Oct 7
Changed: Nov 4
Last Checked: Nov 6 at 8:56AM
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 Realty of America (ROA)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling 3,640 square feet. The buildings are offered together as a package, with some suites available for lease and roughly half of the space occupied. The owner currently uses space on the lower level of the newer building. The property was built in 2003.
Located in Byram near Siwell Road and I-55, the property is surrounded by commercial development.
Located in Byram near Siwell Road and I-55, the property is surrounded by commercial development.
Key Highlights
- Two office buildings totaling 3,640 square feet
- Roughly half of the space is occupied
- Suites available for lease in both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,663
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,260
$613.3K
Cap Rate 7%
$438,043
$438.0K
Cap Rate 9%
$340,700
$340.7K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$52.4K $14.40/SF
− Vacancy
−$11.5K −$3.17/SF
EGI
$40.9K $11.23/SF
− OpEx
−$10.2K −$2.81/SF
NOI
$30.7K $8.42/SF
Area
Hinds County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,260
Cap Rate 7%
$438,043
Cap Rate 9%
$340,700
Alternative Uses
Best Use
Office B
$438.0K
$383.3K – $511.1K
NOI $30,663 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$24.73M
$21.64M – $28.85M
NOI $1,730,885 @ 7.0% cap · market cap 417.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 39272, MS
14,022
Population
6,197
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
23.5 sq mi
ZIP Area
597
Density / Sq Mi
$75,657
Median Household Income
$45,357
Median Earnings
$1,339
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Hinds County, MS
Properties on Market for Office buildings in Hinds County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Approximately half of the space is occupied, with suites available for lease in both buildings.
Where is this office building located?
The property is located at 112 Byram Pkwy Byram, MS.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two office buildings totaling 3,640 square feet; Roughly half of the space is occupied; Suites available for lease in both buildings
