121 Front St Forest, MS 39074
Restored mixed-use property with warehouse and fenced storage in Forest, MS.
- Added:
- Dec 27, 2025
- Days on Market:
- 196
- Last Refresh:
- Apr 5 at 8:40 pm
Property Features for 121 Front St
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Lot size
- 0.67 Acres
Listing office Alford Realty (601) 469-1377
Listing date Dec 27, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Meticulously restored historic building (built in 1923) with exposed brick, heart of pine beams and flooring, offering approximately 6,800 sq ft of interior space.
- Located in a pedestrian‑friendly downtown area undergoing dramatic restoration with retail, office, and residential spaces.
- Versatile property suitable for commercial, retail, or restaurant use, with potential for multiple commercial units due to multiple electrical meters.
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 | $44.9k | $6.60 |
| − Vacancy | −$1.5k | −$0.22 |
| EGI | $43.4k | $6.38 |
| − OpEx | −$6.5k | −$0.96 |
| NOI | $36.9k | $5.42 |