Highway Frontage Showroom and
2633 Hwy 35 S Forest, MS
2633 Hwy 35 S, Forest, MS, 00000
Contact for pricing
For Sale
Contact for pricing
Two-building showroom and warehouse property with highway frontage.
Property Size16,580 SF
Lot Size2.14 Acres
Price / SF$60.01
Days on Market832
Property Features for 2633 Hwy 35 S
General Information
- Standard status
- Active
- Size
- 16,580 SF
- Lot size
- 2.14 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
CBRE | Jackson
(601) 899-2801
Listed by
Grant Ridgway · License #19145
Source
Moodyscre
Added: Apr 9, 2024 Checked: Jul 19 at 4:41 am
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 CBRE | Jackson
Investment Insights
Based on property information with market context.
This property features approximately 16,580 square feet of space across two buildings, situated on an approximately 2-acre site. The property includes showroom space that was renovated in 2023. It is located 0.6 miles from Interstate 20. The property is available with a 7-year lease back. The net operating income is approximately $104,024, or $6.27 per square foot on a NNN basis, with a cap rate of 9.25%.
Key Highlights
- 9.25% Cap Rate
- ±$104,024 Net Operating Income (NOI)
- 7‑year lease back
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 | $109.4k | $6.60 |
| − Vacancy | −$3.6k | −$0.22 |
| EGI | $105.8k | $6.38 |
| − OpEx | −$15.9k | −$0.96 |
| NOI | $89.9k | $5.42 |
16,580 SF · lease $6.60/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,341 @ 7.0% cap · market cap 16.52%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,944 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$2.84M
$2.49M – $3.31M
NOI $198,880 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- D and B mini storage — 2049 MS-35, Forest, MS 39074
FAQs
What type of property is this?
Warehouse - Two-building showroom and warehouse property with highway frontage.
Where is this warehouse located?
The property is located at 2633 Hwy 35 S Forest, MS.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 9.25% Cap Rate; ±$104,024 Net Operating Income (NOI); 7‑year lease back
