Two-Building Office
118 Byram Parkway Jackson, MS 39272
For Sale
$375,000
Two office buildings are available for sale, with the option to purchase as a package.
Property Size3,672 SF
Price / SF$102.12
Days on Market441
Property Features for 118 Byram Parkway
General Information
- Standard status
- Active
- Size
- 3,672 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency:
Realty of America (ROA)
(601) 331-9050
Listed By:
Amy Claire Smith
(601) 331-9050
Source:
Xome
Added: May 9, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:37AM
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 Realty of America (ROA)
Investment Insights
Based on property information with market context.
This offering includes two office buildings that can be purchased together as a package or separately. The property is positioned as an owner/occupant option, with the current owner having space available to lease in either building or the option to purchase both and take over the location in 112.
The buildings are located at 118 Byram Parkway in Jackson, Mississippi, in a growing area of Byram off Siwell Road. The listing emphasizes the convenience of having an available space within the same offering.
For buyers looking for both occupancy and income potential within a single transaction, the package option provides flexibility to align ownership with the available office space across the two buildings.
The buildings are located at 118 Byram Parkway in Jackson, Mississippi, in a growing area of Byram off Siwell Road. The listing emphasizes the convenience of having an available space within the same offering.
For buyers looking for both occupancy and income potential within a single transaction, the package option provides flexibility to align ownership with the available office space across the two buildings.
Key Highlights
- Two office buildings available for sale with the option to purchase as a package
- Year built: 2003
- Guest facilities: 3
Financial Insights For Office B
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 | $52.0k | $14.16 |
| − Vacancy | −$6.2k | −$1.70 |
| EGI | $45.8k | $12.46 |
| − OpEx | −$11.4k | −$3.12 |
| NOI | $34.3k | $9.35 |
3,672 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$490.2K
$429.0K – $572.0K
NOI $34,317 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.2K
$550.6K – $734.1K
NOI $44,046 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Melvin Greenwood: Allstate ...
Insurance Agency
Mississippi United Realty
Real Estate Agency
Econotax
Tax Preparation
Grant Me Justice
Association Or Organization
Court Ordered Class
Training Center
FAQs
What type of property is this?
Office units - Two office buildings are available for sale, with the option to purchase as a package.
Where is this office units located?
The property is located at 118 Byram Parkway Jackson, MS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two office buildings available for sale with the option to purchase as a package; Year built: 2003; Guest facilities: 3
