Retail/Warehouse Flex
For Sale
$799,000
1434 Old Square Rd, Jackson, MS 39211
Flexible retail and office-ready layout with dock-high access and back-of-building storage for distribution-focused uses.
Property Size12,318 SF
Price / SF$64.86
Days on Market118
Property Features for 1434 Old Square Rd
General Information
Standard status
Active
Size
12,318 SF
Additional Details
Highway Access
Yes
Listing Agency:
Overby, Inc.
(601) 624-8511
Listed By:
Scott Overby · License #B-16214
(601) 624-8511
Source:
Exprealty
Added: Apr 12
Changed: Jul 10
Last Checked: Jul 31 at 1:50PM
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 Overby, Inc.
Investment Insights
Based on property information with market context.
This flex property combines retail visibility with functional warehouse support. The building features glass frontage onto Old Square Road and a spacious, versatile floor plan that can work for retail, office, or hybrid concepts. Storage is available across the back of the building, and the property offers dock-high access designed to support loading and distribution needs.
The site is located in the Northeast Jackson area and is described as being surrounded by established retail and office destinations, including Highland Village, The District at Eastover, and Lefleur’s Bluff Tower. The property also has prominent access off the Interstate 55 corridor, supporting convenient customer and delivery reach.
For buyers or operators seeking one building that can serve multiple roles, the combination of street-facing glass and dock-high capability is a practical fit. Uses that benefit from both customer presentation and organized receiving/storage may find the layout and improvements well-suited to their day-to-day operations.
The site is located in the Northeast Jackson area and is described as being surrounded by established retail and office destinations, including Highland Village, The District at Eastover, and Lefleur’s Bluff Tower. The property also has prominent access off the Interstate 55 corridor, supporting convenient customer and delivery reach.
For buyers or operators seeking one building that can serve multiple roles, the combination of street-facing glass and dock-high capability is a practical fit. Uses that benefit from both customer presentation and organized receiving/storage may find the layout and improvements well-suited to their day-to-day operations.
Key Highlights
- Flexible retail and office‑ready layout with glass fronting onto Old Square Road.
- Retail/warehouse property with dock‑high access.
- Back‑of‑building storage designed for distribution‑focused use.
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
$66,824
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
8.36%
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%
$1,336,480
$1.3M
Cap Rate 7%
$954,629
$954.6K
Cap Rate 9%
$742,489
$742.5K
Market Conditions
NOI Build-Up for 12,318 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
$81.3K $6.60/SF
− Vacancy
−$2.7K −$0.22/SF
EGI
$78.6K $6.38/SF
− OpEx
−$11.8K −$0.96/SF
NOI
$66.8K $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%
$1,336,480
Cap Rate 7%
$954,629
Cap Rate 9%
$742,489
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,096 @ 7.0% cap · market cap 15.28%
Second Best
Warehouse
$954.6K
$835.3K – $1.11M
NOI $66,824 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,757 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39211, MS
24,900
Population
11,334
Households
2.2
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
12.3 sq mi
ZIP Area
2,024
Density / Sq Mi
$68,415
Median Household Income
$40,523
Median Earnings
$1,273
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Bessi Roo's Food Truck and Catering — 407 Bounds St, Jackson, MS 39206
- Mangia Bene Catering — 4465 I-55, Jackson, MS 39206
- Mama San's Wings & Zings LLC — 4780 I-55 Ste. 100, Jackson, MS 39211
- Southern Provisions Catering — 4620 McWillie Dr, Jackson, MS 39206
Frequently Asked Questions
What type of property is this?
Flex space - Flexible retail and office-ready layout with dock-high access and back-of-building storage for distribution-focused uses.
Where is this flex space located?
The property is located at 1434 Old Square Rd Jackson, 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: Flexible retail and office‑ready layout with glass fronting onto Old Square Road.; Retail/warehouse property with dock‑high access.; Back‑of‑building storage designed for distribution‑focused use.
