Industrial Flex Building on
1039 Highway 35 S Forest, MS
1039 Highway 35 S, Forest, MS, 00000
Contact for pricing
For Sale
Contact for pricing
Industrial flex building with showroom, office, and warehouse space.
Property Size7,500 SF
Lot Size16.00 Acres
Price / SF$66.67
Days on Market445
Property Features for 1039 Highway 35 S
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 16.00 Acres
- Property subtype
- FLEX_R_AND_D
Listing Agency
Duckworth Realty
(601) 940-8010
Listed by
John Michael Holtmann
(601) 940-8010
Source
Moodyscre
Added: May 2, 2025 Checked: Jul 19 at 4:50 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 Duckworth Realty
Investment Insights
Based on property information with market context.
This industrial flex building fronts Highway 35 in Forest, Mississippi. Renovated in 2016, the 7,500-square-foot building includes a showroom, a fully equipped kitchen, office space, and warehouse storage with a roll-up door. Approximately 1.29 acres behind the building are available for future expansion or yard space. The property is suitable for warehouse and other industrial uses.
Key Highlights
- Highway 35 Frontage: Offers high visibility and accessibility
- Newly Renovated in 2016: Indicates modern updates and reduced maintenance
- Industrial Flex Building: Versatile space suitable for various business needs
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 | $49.5k | $6.60 |
| − Vacancy | −$1.6k | −$0.22 |
| EGI | $47.9k | $6.38 |
| − OpEx | −$7.2k | −$0.96 |
| NOI | $40.7k | $5.42 |
7,500 SF · lease $6.60/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$581.2K
$508.6K – $678.1K
NOI $40,687 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$346.9K
$303.5K – $404.7K
NOI $24,280 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,964 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex building with showroom, office, and warehouse space.
Where is this flex space located?
The property is located at 1039 Highway 35 S Forest, MS.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Highway 35 Frontage: Offers high visibility and accessibility; Newly Renovated in 2016: Indicates modern updates and reduced maintenance; Industrial Flex Building: Versatile space suitable for various business needs
