Office-Warehouse Flex
For Sale
Contact for pricing
124 E South St, Jackson, MS 39201
Climate-controlled office space and a warehouse with rollup and drive-in access, plus adjoining vacant lot for parking.
Property Size14,000 SF
Price / SF$89.29
Days on Market254
Property Features for 124 E South St
General Information
Standard status
Active
Size
14,000 SF
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 124 E South St
14,000 SF Office/Warehouse (Climate-Controlled)
AVAILABLE
Size
14,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
7,000 SF Climate Controlled office area including large open meeting area with
adjoining fully equipped kitchen, 7,000 SF warehouse with rollup and drive in access. Vacant lot adjoining for additional parking. Located one block west of new
federal building and Central Fire Station. For lease at $11,660 monthly-modified gross. For sale at $1,250,00.00.
Under lease until July 1, 2023
7,000 SF climate controlled office area including large open meeting area with adjoining fully equipped kitchen. 7,000 SF warehouse with roll up doors and drive in access. Vacant lot adjoining for additional parking. Located one block west of new federal office building and Central Fire Station. Under lease until July 1, 2023
Contact us
Listing Agency:
Cook Commercial Properties LLC
Listed By:
Bill Cook, III
(601) 981-1500
Source:
Moodyscre
Added: Feb 10
Changed: Oct 6
Last Checked: Oct 20 at 7:50PM
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 Cook Commercial Properties LLC
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Investment Insights
Based on property information with market context.
This flex-style property includes a climate-controlled office area and a separate warehouse component. The office space features a large open meeting area and an adjoining, fully equipped kitchen. The warehouse is approximately 7,000 square feet and offers rollup and drive-in access.
An adjoining vacant lot provides room for additional parking. The property is located one block west of a new federal building and the Central Fire Station.
The offering notes the building is under lease until July 1, 2023.
An adjoining vacant lot provides room for additional parking. The property is located one block west of a new federal building and the Central Fire Station.
The offering notes the building is under lease until July 1, 2023.
Key Highlights
- 7,000 SF climate‑controlled office space with a large open meeting area and adjoining fully equipped kitchen
- 7,000 SF warehouse with roll‑up doors and drive‑in access
- Vacant lot adjoining the building for additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,948
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,960
$1.5M
Cap Rate 7%
$1,084,971
$1.1M
Cap Rate 9%
$843,867
$843.9K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$92.4K $6.60/SF
− Vacancy
−$3.0K −$0.22/SF
EGI
$89.4K $6.38/SF
− OpEx
−$13.4K −$0.96/SF
NOI
$75.9K $5.42/SF
Area
Jackson, MS
Vacancy
3.30%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,960
Cap Rate 7%
$1,084,971
Cap Rate 9%
$843,867
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $130,838 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$1.08M
$949.4K – $1.27M
NOI $75,948 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,933 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,242
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 39201, MS
574
Population
749
Households
0.8
Avg Household Size
40
Median Age
75%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
273
Density / Sq Mi
$77,946
Median Household Income
$77,838
Median Earnings
$1,341
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Your Personal Chef — 305 N Congress St, Jackson, MS 39201
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled office space and a warehouse with rollup and drive-in access, plus adjoining vacant lot for parking.
Where is this flex space located?
The property is located at 124 E South St Jackson, MS.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,000 SF climate‑controlled office space with a large open meeting area and adjoining fully equipped kitchen; 7,000 SF warehouse with roll‑up doors and drive‑in access; Vacant lot adjoining the building for additional parking
