Retail Space with Indoor Shooting
For Sale
$4,175,000
112 Dees Dr, Madison, MS 39110
Purpose-built commercial facility includes showroom, gunsmithing shop, offices, and event space.
Property Size12,000 SF
Lot Size1.91 Acres
Price / SF$347.92
Days on Market40
Property Features for 112 Dees Dr
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.91 Acres
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Amenities
climate controlled indoor shooting lanes
advanced HVAC filtration and ventilation systems
automatic target retrieval system
bullet containment system
retail showroom
gunsmithing shop
multipurpose event/training room
storage room
office suites
conference room
Building Details
Year Built
2019
Buildings
1
Building Size
12,000 SF
Listing Agency:
JDJ Realty
(601) 260-0335
Listed By:
Chad Doiron · License #S59663
Source:
Fiorellaavenue
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 7:50PM
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 JDJ Realty
Investment Insights
Based on property information with market context.
Built in 2019, this freestanding C2 retail property contains approximately 12,000 SF on approximately 1.91 acres. The purpose-built facility includes 11 climate-controlled indoor shooting lanes measuring 75 feet each, with HVAC filtration, high-capacity ventilation, automatic target retrieval, and a bullet containment system. Polished concrete flooring and steel-reinforced lane construction support the specialized layout.
Approximately 3,000 SF is configured as a retail showroom with open merchandising areas and custom displays. Additional improvements include a customer-facing gunsmithing shop, private training or classroom room, shelving storage with rear access, upstairs office suites, and a conference room. The property also includes parking and is located less than one mile from I-55, providing access toward the Jackson Metro, Ridgeland, Madison, and Canton.
Approximately 3,000 SF is configured as a retail showroom with open merchandising areas and custom displays. Additional improvements include a customer-facing gunsmithing shop, private training or classroom room, shelving storage with rear access, upstairs office suites, and a conference room. The property also includes parking and is located less than one mile from I-55, providing access toward the Jackson Metro, Ridgeland, Madison, and Canton.
Key Highlights
- Approximately 12,000 SF freestanding retail building on approximately 1.91 acres
- 11 climate‑controlled indoor shooting lanes, each measuring 75 feet
- Approximately 3,000 SF retail showroom with custom displays and open merchandising areas
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
$116,802
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
2.80%
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%
$2,336,040
$2.3M
Cap Rate 7%
$1,668,600
$1.7M
Cap Rate 9%
$1,297,800
$1.3M
Market Conditions
NOI Build-Up for 12,000 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
$180.0K $15.00/SF
− Vacancy
−$13.1K −$1.10/SF
EGI
$166.9K $13.91/SF
− OpEx
−$50.1K −$4.17/SF
NOI
$116.8K $9.73/SF
Area
Madison County, MS
Vacancy
7.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,336,040
Cap Rate 7%
$1,668,600
Cap Rate 9%
$1,297,800
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,802 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,857 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 35%
Home Improvements & Furnishings 1%
Hotels & Casinos 1%
Shell
Shops & Services
19,604 visits/mo
0.3 miles
SONIC Drive In
Dining
19,219 visits/mo
0.4 miles
Krystal
Dining
16,427 visits/mo
0.3 miles
Wendy's
Dining
15,934 visits/mo
0.5 miles
BankPlus
Shops & Services
7,250 visits/mo
0.4 miles
Demographics for 39110, MS
48,474
Population
18,305
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
652
Density / Sq Mi
$122,955
Median Household Income
$62,071
Median Earnings
$1,979
Median Rent
$342,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Purpose-built commercial facility includes showroom, gunsmithing shop, offices, and event space.
Where is this retail space located?
The property is located at 112 Dees Dr Madison, MS.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: Approximately 12,000 SF freestanding retail building on approximately 1.91 acres; 11 climate‑controlled indoor shooting lanes, each measuring 75 feet; Approximately 3,000 SF retail showroom with custom displays and open merchandising areas
