112 Riley Drive Jackson, MS 39209
COMMERCIAL - Jackson, MS
- Added:
- Jul 11, 2025
- Days on Market:
- 368
- Last Refresh:
- Jul 13 at 4:06 pm
Property Features for 112 Riley Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0806-0132-000
- Size
- 8,087 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BEG W/S RILEY DR 340 FT S OF NORTHSIDE DR S 95 FT W 180 FT N 95 FT E 180 FT TO POB PT LOT 13 FAE SUBN
- Tax Annual Amount
- 2129
Building Details
- Year built
- 1979
Listing agent Kim Bobbitt License #24085 (601) 209-6593
Listing office JDJ Realty 164 Watford Pkwy Dr, Madison, MS (601) 707-5555
Listing date Jul 11, 2025
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Investment Insights
Based on property information with market context.
Located in the Northside industrial area, the property is less than a mile and a half from I-220, providing convenient access to the Jackson Metro area.
Available for lease or purchase, the listing includes a lease rate of $4.45 per square foot or a purchase price of $297,500.
Key Highlights
- Affordable Price: Available for lease at $4.45/SF or purchase at $297,500.
- Sizeable Space: +/-8,000 SF office warehouse building.
- Convenient Location: Located in the Northside industrial area.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $4.92 |
| − Vacancy | −$2.4k | −$0.30 |
| EGI | $37.4k | $4.62 |
| − OpEx | −$11.2k | −$1.39 |
| NOI | $26.2k | $3.24 |
