Industrial Warehouse on Wooded
For Sale
$250,000
1369 College Hill Drive, Jackson, MS 39209
7,000 SF industrial warehouse on 9.68 acres in Jackson, MS.
Property Size7,000 SF
Price / SF$35.71
Days on Market264
Property Features for 1369 College Hill Drive
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Building Details
Building Size
7,000 SF
Listing Agency:
SVN | Toomey Property Advisors
(251) 680-3663
Listed By:
Justin Toomey · License #AL #87782
(251) 680-3663
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:50AM
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 SVN | Toomey Property Advisors
Investment Insights
Based on property information with market context.
This 7,000 SF industrial warehouse is situated on approximately 9.68 wooded acres in Jackson, Mississippi. The property, formerly a sheet metal and welding fabricator shop, includes office space, a reception area, and two restrooms. The site offers ample space for operations, storage, and potential future expansion. Located in a thriving industrial hub, the property is suitable for businesses seeking a logistics and distribution center. Natural gas is readily available in the building. A new roof and roof blanket insulation were installed in 2014. Jackson, Mississippi, is centrally located at the crossroads of Interstates 55 and 20, providing accessibility by car, air, rail, or motor coach. The city is noted for its architecture and serves as a strategic location for industrial operations, offering infrastructure and a business-friendly environment. Jackson is a key logistical hub in the Southeast, with access to major highways, railroads, and the Jackson-Medgar Wiley Evers International Airport. The city's economy is supported by a skilled workforce and industries including manufacturing, distribution, and technology. Leasing options are available.
Key Highlights
- Large 9.68‑acre lot offers ample space for operations, storage, and future expansion.
- Located in Jackson, MS, a central logistics hub at the crossroads of Interstates 55 and 20.
- Situated within a thriving industrial hub, ideal for logistics and distribution.
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
$22,662
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
9.06%
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%
$453,240
$453.2K
Cap Rate 7%
$323,743
$323.7K
Cap Rate 9%
$251,800
$251.8K
Market Conditions
NOI Build-Up for 7,000 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
$34.4K $4.92/SF
− Vacancy
−$2.1K −$0.30/SF
EGI
$32.4K $4.62/SF
− OpEx
−$9.7K −$1.39/SF
NOI
$22.7K $3.24/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /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%
$453,240
Cap Rate 7%
$323,743
Cap Rate 9%
$251,800
Alternative Uses
Best Use
Warehouse
$542.5K
$474.7K – $632.9K
NOI $37,974 @ 7.0% cap · market cap 15.19%
Second Best
Industrial
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,966 @ 7.0% cap · market cap 33.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 7,000 SF industrial warehouse on 9.68 acres in Jackson, MS.
Where is this warehouse located?
The property is located at 1369 College Hill Drive Jackson, MS.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Large 9.68‑acre lot offers ample space for operations, storage, and future expansion.; Located in Jackson, MS, a central logistics hub at the crossroads of Interstates 55 and 20.; Situated within a thriving industrial hub, ideal for logistics and distribution.
