Office-Warehouse Flex
New
For Sale
$297,500
112 Riley Drive, Jackson, MS 39209
Commercial Sale, Jackson, MS
Property Size8,000 SF
Lot Size0.39 Acres
Price / SF$36.79
Days on Market1
Property Features for 112 Riley Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Metes And Bounds
Standard status
Active
APN
806-132
Size
8,087 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
1800
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
1
Legal 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
Building Details
Year built
1979
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Kim Bobbitt · License #24085
(601) 209-6593
Added: Aug 25
Last Checked: Aug 25 at 10:06PM
MLS# 4160359
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,087-square-foot flex property includes both office and warehouse components within a 1979-built commercial structure. The building occupies a 0.39-acre parcel and is positioned in Northside’s industrial area.
Access to I-220 is less than 1.5 miles away, connecting the property with the broader Jackson Metro Area. The combination of office and warehouse space supports a range of commercial operations requiring both administrative and functional work areas.
Access to I-220 is less than 1.5 miles away, connecting the property with the broader Jackson Metro Area. The combination of office and warehouse space supports a range of commercial operations requiring both administrative and functional work areas.
Key Highlights
- 8,087‑square‑foot office warehouse building
- 0.39‑acre parcel in Northside industrial area
- Built in 1979
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
Office B
$1.08M
$944.7K – $1.26M
NOI $75,578 @ 7.0% cap · market cap 25.40%
Second Best
Warehouse
$626.7K
$548.4K – $731.2K
NOI $43,871 @ 7.0% cap · market cap 14.75%
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 Office 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 - Built in 1979, the property combines office functions with warehouse space in an industrial setting.
Where is this flex space located?
The property is located at 112 Riley Drive 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; 0.39‑acre parcel in Northside industrial area; Built in 1979
