Office-Warehouse Flex
124 E South St Jackson, MS 39201
124 E South St, Jackson, MS, 39201
Contact for pricing
For Sale
Contact for pricing
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 Market162
Property Features for 124 E South St
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- OFFICE
Listing agency
Cook Commercial Properties LLC
(601) 981-1500
Listed by
Bill Cook, III · License #B-22913
(601) 981-1500
Source
Moodyscre
Added: Feb 10 Updated: Jul 21 at 9:56PM Checked: Jul 21 at 9:56PM
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
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
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 | $92.4k | $6.60 |
| − Vacancy | −$3.0k | −$0.22 |
| EGI | $89.4k | $6.38 |
| − OpEx | −$13.4k | −$0.96 |
| NOI | $75.9k | $5.42 |
14,000 SF · lease $6.60/SF/yr · vacancy 3.30% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hinds Behavioral Health ...
Crisis Center
Chemical Products & Systems
General Contractor
Jackson House
Crisis Center
Jackson Club House
Crisis Center
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FAQs
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
