Byram I-2 Zoned
For Sale
Contact for pricing
6022 I 55 South Frontage Rd, Byram, MS
5+ acre I-2 zoned property with office/flex & storage.
Property Size5,154 SF
Lot Size4.71 Acres
Price / SF$126.12
Days on Market959
Property Features for 6022 I 55 South Frontage Rd
General Information
Standard status
Active
Size
5,154 SF
Lot size
4.71 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Maselle & Associates REALTORS
(601) 383-5243
Listed By:
Barry Clemmer · License #B16369
(601) 383-5243
Source:
Moodyscre
Added: Dec 22, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:29AM
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 Maselle & Associates REALTORS
Investment Insights
Based on property information with market context.
This fenced property, zoned I-2, spans over 5 acres and is situated on the east frontage road just south of the Byram Exit, offering clear visibility from I-55 South, where an average of over 34,000 vehicles pass daily. It provides convenient access to I-55 and is located minutes from I-20, approximately 11 miles from downtown Jackson, and about 18 miles from Jackson-Medgar Wiley Evers International Airport. The property, previously used as an 18-wheeler driver training facility, includes 5154 square feet under roof, comprising 3530 square feet of office/training room space and 1624 square feet of office space. The 3530-square-foot floor plan features separate entrances with individual restrooms and can be leased separately as 5 individual offices for additional income. An additional 2400 square feet of mini-storage space, consisting of 19 storage units, is available for further income generation. The majority of the property is layered in gravel, suitable for 18-wheeler driver training, parking, or additional development. The property is equipped with power, water, and sewage and is located in the business-friendly city of Byram.
Key Highlights
- I‑2 zoning on 5+ fenced acres with high visibility from I‑55 (34,000+ vehicles daily).
- Easy access to I‑55 and I‑20, convenient location to Jackson and the airport.
- 5154 sq ft office/flex space**, including 3530 sq ft divisible into 5 individual offices for potential rental income.
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
$33,608
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
5.17%
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%
$672,160
$672.2K
Cap Rate 7%
$480,114
$480.1K
Cap Rate 9%
$373,422
$373.4K
Market Conditions
NOI Build-Up for 5,154 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
$58.8K $11.40/SF
− Vacancy
−$7.1K −$1.37/SF
EGI
$51.7K $10.03/SF
− OpEx
−$18.1K −$3.51/SF
NOI
$33.6K $6.52/SF
Area
Hinds County, MS
Vacancy
12.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$672,160
Cap Rate 7%
$480,114
Cap Rate 9%
$373,422
Alternative Uses
Best Use
Flex RnD
$480.1K
$420.1K – $560.1K
NOI $33,608 @ 7.0% cap · market cap 5.17%
Second Best
Industrial
$455.4K
$398.5K – $531.3K
NOI $31,876 @ 7.0% cap · market cap 4.90%
Theoretical Best
Hotel Hospitality
$35.01M
$30.64M – $40.85M
NOI $2,450,819 @ 7.0% cap · market cap 377.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 - 5+ acre I-2 zoned property with office/flex & storage.
Where is this flex space located?
The property is located at 6022 I 55 South Frontage Rd Byram, MS.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: I‑2 zoning on 5+ fenced acres with **high visibility from I‑55** (34,000+ vehicles daily).; Easy access to I‑55 and I‑20, convenient location to Jackson and the airport.; 5154 sq ft office/flex space**, including 3530 sq ft divisible into 5 individual offices for potential rental income.
