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 Market194
Property Features for 112 Riley Dr
General Information
Standard status
Active
Size
8,087 SF
Property subtype
Factory
Additional Details
Asking Price
$297,500
Highway Access
Yes
Building Details
Building Size
8,087 SF
Year Built
1979
Properties For Sale
at 112 Riley Dr Contact us- Size
- 8,087 SF
- Lease Type
- Modified Gross
Unit
Listing Agency:
Sperry Commercial Global Affiliates - JD Johnson Realty
(601) 707-5555
Listed By:
Jon-David Johnson · License #17543
(601) 707-5555
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 4:23PM
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 Sperry Commercial Global Affiliates - JD Johnson 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 = 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
$26,181
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
8.80%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
