Warehouse with Nine Grade-Level
For Sale
Contact for pricing
5270 Greenway Drive Ext, Jackson, MS 39204
Warehouse with dedicated office space and nine grade-level doors, positioned in an established industrial corridor near major highways.
Property Size4,401 SF
Price / SF$62.49
Days on Market567
Property Features for 5270 Greenway Drive Ext
General Information
Standard status
Active
Size
4,401 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
9
Building Details
Building Size
4,401 SF
Listing Agency:
NAI UCR Properties
(601) 981-6800
Listed By:
Micah McCullough · License #B-18980
(601) 981-6800
Source:
Moodyscre
Added: Jan 30, 2025
Changed: Aug 14
Last Checked: Aug 14 at 8:23AM
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 NAI UCR Properties
Investment Insights
Based on property information with market context.
Warehouse offering 4,401 SF of industrial space with dedicated office space for day-to-day administration. The facility is designed for efficient operations, featuring nine grade-level doors to support loading and unloading.
Located off Highway 18 within a well-established industrial corridor, the site provides connectivity to Interstate 20 and Interstate 55. Jackson International Airport and key commercial hubs are also nearby, supporting logistics, distribution, and service-related business needs.
The building layout combines warehouse functionality with office space, making it suitable for a range of warehousing, distribution, and operations-oriented uses that benefit from straightforward grade-level access and strong regional connectivity.
Located off Highway 18 within a well-established industrial corridor, the site provides connectivity to Interstate 20 and Interstate 55. Jackson International Airport and key commercial hubs are also nearby, supporting logistics, distribution, and service-related business needs.
The building layout combines warehouse functionality with office space, making it suitable for a range of warehousing, distribution, and operations-oriented uses that benefit from straightforward grade-level access and strong regional connectivity.
Key Highlights
- 4,401 SF warehouse with dedicated office space
- Nine grade‑level doors for loading and unloading
- Located off Highway 18 in an established industrial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,500
$477.5K
Cap Rate 7%
$341,071
$341.1K
Cap Rate 9%
$265,278
$265.3K
Market Conditions
NOI Build-Up for 4,401 SF
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.
Gross rent
$29.0K $6.60/SF
− Vacancy
−$959 −$0.22/SF
EGI
$28.1K $6.38/SF
− OpEx
−$4.2K −$0.96/SF
NOI
$23.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,500
Cap Rate 7%
$341,071
Cap Rate 9%
$265,278
Alternative Uses
Best Use
Office B
$587.6K
$514.1K – $685.5K
NOI $41,130 @ 7.0% cap · market cap 14.96%
Second Best
Warehouse
$341.1K
$298.4K – $397.9K
NOI $23,875 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$754.2K
$659.9K – $879.9K
NOI $52,791 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fort Knox Storage Units — 2141 Woodland Way, Jackson, MS 39209
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- The Storage Center — 5651 MS-18, Jackson, MS 39209
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with dedicated office space and nine grade-level doors, positioned in an established industrial corridor near major highways.
Where is this warehouse located?
The property is located at 5270 Greenway Drive Ext Jackson, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,401 SF warehouse with dedicated office space; Nine grade‑level doors for loading and unloading; Located off Highway 18 in an established industrial corridor
