Office-Configured Flex
For Sale
$297,500
112 Riley Dr, Jackson, MS 39209
Commercial building combining office functionality with warehouse space in an established industrial setting.
Property Size8,087 SF
Price / SF$36.79
Days on Market239
Property Features for 112 Riley Dr
General Information
Standard status
Active
Size
8,087 SF
Property subtype
Commercial
Additional Details
Asking Price
$297,500
Highway Access
Yes
Building Details
Year Built
1979
Building Size
8,087 SF
Listing Agency:
JDJ Realty
Listed By:
Kim Bobbitt · License #24085
(601) 209-6593
Source:
Propertiesnorthms
Added: Feb 18
Changed: Oct 1
Last Checked: Oct 14 at 11:44PM
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.
This 8,087-square-foot flex property combines office and warehouse components within a single commercial building. Constructed in 1979, the asset is situated in Jackson’s Northside industrial area and provides a practical base for businesses requiring both administrative and storage space.
The property is positioned 1.4 miles southwest of I-220, with access from Northside Drive. Its location places the building within the Jackson, MS market and offers a direct connection to the interstate network serving the metro area.
The property is positioned 1.4 miles southwest of I-220, with access from Northside Drive. Its location places the building within the Jackson, MS market and offers a direct connection to the interstate network serving the metro area.
Key Highlights
- 8,087‑square‑foot office warehouse building
- Flex space in Jackson’s Northside industrial area
- 1.4 miles southwest of I‑220
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,181
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,620
$523.6K
Cap Rate 7%
$374,014
$374.0K
Cap Rate 9%
$290,900
$290.9K
Market Conditions
NOI Build-Up for 8,087 SF
Gross rent
$39.8K $4.92/SF
− Vacancy
−$2.4K −$0.30/SF
EGI
$37.4K $4.62/SF
− OpEx
−$11.2K −$1.39/SF
NOI
$26.2K $3.24/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,620
Cap Rate 7%
$374,014
Cap Rate 9%
$290,900
Alternative Uses
Best Use
Warehouse
$626.7K
$548.4K – $731.2K
NOI $43,871 @ 7.0% cap · market cap 14.75%
Second Best
Industrial
$374.0K
$327.3K – $436.4K
NOI $26,181 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,005 @ 7.0% cap · market cap 32.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combining office functionality with warehouse space in an established industrial setting.
Where is this flex space located?
The property is located at 112 Riley Dr Jackson, MS.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: 8,087‑square‑foot office warehouse building; Flex space in Jackson’s Northside industrial area; 1.4 miles southwest of I‑220
