Industrial Flex Property with
For Sale
Contact for pricing
831 E Peace St, Canton, MS 39046
Two-building industrial facility with grade-level and dock-high loading access near major employment and distribution facilities.
Property Size14,000 SF
Price / SF$57.07
Days on Market723
Property Features for 831 E Peace St
General Information
Standard status
Active
Size
14,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
5
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
NAI UCR Properties
(601) 981-6800
Listed By:
Micah McCullough · License #B-18980
(601) 981-6800
Source:
Moodyscre
Added: Aug 15, 2024
Changed: Jul 31
Last Checked: Aug 7 at 12:56AM
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.
831 East Peace Street is an industrial flex property totaling 14,000 SF across two buildings on nearly 2 acres. The front building contains approximately 9,200 SF, while the back building contains 5,000 SF, providing a multi-building configuration for industrial, warehouse, or flex operations.
The property includes 5 grade-level doors and 1 dock-high door. It offers convenient access to I-55 and is located near the Nissan North America Plant, Amazon Fulfillment Center, and Amazon Data Center in Canton, Mississippi.
The property includes 5 grade-level doors and 1 dock-high door. It offers convenient access to I-55 and is located near the Nissan North America Plant, Amazon Fulfillment Center, and Amazon Data Center in Canton, Mississippi.
Key Highlights
- 14,000 SF industrial flex property across two buildings
- Nearly 2 acres in Canton, MS
- Front building contains approximately 9,200 SF; back building contains 5,000 SF
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
$72,252
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
9.04%
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%
$1,445,040
$1.4M
Cap Rate 7%
$1,032,171
$1.0M
Cap Rate 9%
$802,800
$802.8K
Market Conditions
NOI Build-Up for 14,000 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
$112.6K $8.04/SF
− Vacancy
−$9.3K −$0.67/SF
EGI
$103.2K $7.37/SF
− OpEx
−$31.0K −$2.21/SF
NOI
$72.3K $5.16/SF
Area
Madison County, MS
Vacancy
8.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,445,040
Cap Rate 7%
$1,032,171
Cap Rate 9%
$802,800
Alternative Uses
Best Use
Flex RnD
$1.61M
$1.41M – $1.87M
NOI $112,432 @ 7.0% cap · market cap 14.07%
Second Best
Warehouse
$1.25M
$1.10M – $1.46M
NOI $87,735 @ 7.0% cap · market cap 10.98%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,333 @ 7.0% cap · market cap 26.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial facility with grade-level and dock-high loading access near major employment and distribution facilities.
Where is this flex space located?
The property is located at 831 E Peace St Canton, MS.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 14,000 SF industrial flex property across two buildings; Nearly 2 acres in Canton, MS; Front building contains approximately 9,200 SF; back building contains 5,000 SF
