Office/Warehouse Flex
115 Metroplex Blvd Pearl, MS 39208
115 Metroplex Blvd, Pearl, MS, 39208
Contact for pricing
For Sale
Contact for pricing
Flex office/showroom with climate-controlled workspace and heated warehouse space, plus private offices, conference room, and restrooms.
Property Size8,048 SF
Price / SF$111.83
Days on Market194
Property Features for 115 Metroplex Blvd
General Information
- Standard status
- Active
- Size
- 8,048 SF
- Property subtype
- INDUSTRIAL
Listing agency
T.L. Brown Properties
(601) 955-3737
Listed by
Brandon Brown, CCIM · License #B-18800
(601) 955-3737
Source
Moodyscre
Added: Jan 8 Updated: Jul 20 at 7:59PM Checked: Jul 21 at 5:41AM
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 T.L. Brown Properties
Investment Insights
Based on property information with market context.
This office/warehouse flex building combines front-facing office and showroom space with back-of-house heated warehouse area. The office portion includes an open reception/showroom area, three private offices, a conference room, a break area, and an IT closet, along with two restrooms. The rear portion is described as heated warehouse space, and the open workspace is identified as climate controlled. The office area features high ceilings and finished interiors.
The property is located just off Hwy 80E in Pearl. Addressed at 115 Metroplex Blvd, the building is positioned to serve a variety of business needs based on the split office and warehouse layout.
A current tenant occupies the property; however, the lease can be cancelled by either the landlord or tenant with 90 days’ notice. Please inquire with the listing broker for additional details.
The property is located just off Hwy 80E in Pearl. Addressed at 115 Metroplex Blvd, the building is positioned to serve a variety of business needs based on the split office and warehouse layout.
A current tenant occupies the property; however, the lease can be cancelled by either the landlord or tenant with 90 days’ notice. Please inquire with the listing broker for additional details.
Key Highlights
- Flex office/warehouse located just off Hwy 80E in Pearl, with office/showroom space up front and warehouse space at the rear.
- Front office/showroom includes reception/showroom area plus 3 private offices, conference room, break area, and IT closet.
- Office area features high ceilings and nice finishes, with 2 restrooms.
Local Financial Insights For Warehouse
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 | $76.3k | $9.48 |
| − Vacancy | −$5.2k | −$0.64 |
| EGI | $71.1k | $8.84 |
| − OpEx | −$10.7k | −$1.33 |
| NOI | $60.4k | $7.51 |
8,048 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,918 @ 7.0% cap · market cap 9.66%
Second Best
Warehouse
$863.4K
$755.5K – $1.01M
NOI $60,441 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,522 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex office/showroom with climate-controlled workspace and heated warehouse space, plus private offices, conference room, and restrooms.
Where is this flex space located?
The property is located at 115 Metroplex Blvd Pearl, MS.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Flex office/warehouse located just off Hwy 80E in Pearl, with office/showroom space up front and warehouse space at the rear.; Front office/showroom includes reception/showroom area plus 3 private offices, conference room, break area, and IT closet.; Office area features high ceilings and nice finishes, with 2 restrooms.
