Building Details

Year Built 1994

Buildings 1

Tenancy Multi

Listing Agency: Arx Point Realty, LLC

Listed By: Anita Orey · License #B23712 Show Phone

Source: Fiorellaavenue

Added: Jul 21 Changed: Sep 15 Last Checked: Oct 6 at 12:14AM

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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 Arx Point Realty, LLC

Investment Insights

Based on property information with market context.

This 2,226-square-foot office building, constructed in 1994, contains four suites and has been maintained for ongoing commercial use. Two suites are occupied, while Unit B is vacant and available for showings by appointment. The configuration supports professional services, medical office, retail office, and small business operations.

The property fronts Gary Road in Byram, with access to I-55 and the Byram Parkway. Surrounding uses include established businesses, restaurants, schools, a veterinary clinic, and the local fire station. The location provides a combination of office functionality and access to nearby commercial and community services.

Key Highlights

• 2,226‑square‑foot office building with four suites
• Built in 1994 and maintained for commercial use
• Two suites occupied; Unit B is vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,752

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,040 $375.0K

Cap Rate 7%

$267,886 $267.9K

Cap Rate 9%

$208,356 $208.4K

Market Conditions

NOI Build-Up for 2,226 SF

Gross rent

$32.1K $14.40/SF

− Vacancy

−$7.1K −$3.17/SF

EGI

$25.0K $11.23/SF

− OpEx

−$6.3K −$2.81/SF

NOI

$18.8K $8.42/SF

Area

Hinds County, MS

Vacancy

22.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,040

Cap Rate 7%

$267,886

Cap Rate 9%

$208,356

Alternative Uses

Best Use

Office B

$267.9K

$234.4K – $312.5K (±1% cap)

NOI $18,752 @ 7.0% cap · market cap 6.58%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$15.12M

$13.23M – $17.64M (±1% cap)

NOI $1,058,503 @ 7.0% cap · market cap 371.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Restaurant Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Office units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Explore this area Business Placement

Demographics for 39272, MS

14,022

Population

6,197

Households

2.3

Avg Household Size

37

Median Age

33%

College-Educated

96%

High-School Grad

23.5 sq mi

ZIP Area

597

Density / Sq Mi

$75,657

Median Household Income

$45,357

Median Earnings

$1,339

Median Rent

$175,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Maintained commercial office property with two occupied suites and one available unit along Gary Road.

Where is this office building located?

The property is located at 6644 Gary Rd Byram, MS.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: 2,226‑square‑foot office building with four suites; Built in 1994 and maintained for commercial use; Two suites occupied; Unit B is vacant