Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Free Standing Office/Warehouse Building Title is generated by Realmo AI

    1601 HANDY AVE, Jackson, MS 39204

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    A fenced and paved I-1 lot with an office-equipped 2-bay warehouse for light industrial and storage needs.

    Type:Industrial
    Property size:
    5,000 SF
    Lot size:
    0.78 Acres
    Price / SF:
    $37/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:26 am

    Property Features for 1601 HANDY AVE

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.78 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Steve Cook, CCIM, SIOR

    Listing agent Steve Cook, CCIM, SIOR License #MS B-22913

    Listing office Cook Commercial Properties

    Listing date Jun 3, 2026

    Source Crexi

    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 Cook Commercial Properties

    HighLights

    • Free‑standing 5,000 SF office/warehouse on a 34,000 SF fenced and paved I‑1 zoned lot
    • 1,000 SF +/- office area with 3 private offices, showroom/reception, break room/kitchenette, and restroom with shower
    • 2‑bay shop/warehouse with 14'-16' ceiling heights
    • Two 12'x10' powered OHRD doors, plus gas shop heaters and 4'x4' exhaust fans
    • Additional shop restroom included

    Overview

    The property offers a free-standing 5,000 SF office/warehouse building on a 34,000 SF fenced and paved I-1 zoned lot. The improvements include approximately 1,000 SF of office space with three private offices, a showroom/reception area, and a break room/kitchenette with restroom and shower. An additional shop restroom is also included.

    The warehouse portion is configured as a two-bay shop/warehouse with 14'-16' ceiling heights. Each bay features a 12' x 10' powered overhead roll-up door, along with gas shop heaters and 4' x 4' exhaust fans, supporting practical day-to-day operations.

    For buyers seeking a centrally positioned industrial facility in Jackson, the combination of office amenities and functional warehouse features can support a range of light industrial and distribution uses. With direct access to I-20 and I-55 as noted in the remarks, the site is positioned for efficient movement of people and goods while maintaining a dedicated, secured yard through the fenced and paved lot.
    Location Intelligence

    Current Use by Public Records

    Lawson's Auto Sales Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Snoballas Shaved Ice and concessions — 1519 Cox St, Jackson, MS 39204
    • Sanjo Food & Catering Services — 1615 S Gallatin St, Jackson, MS 39201

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.2057369
    Latitude
    32.2880972

    Nearby Similar for Sale

    • $549,900
      5,605 SF

      Historic Office Building on State

      Renovated historic office with modern amenities in prime location.
      737 N State Street, Jackson, MS 39202
      View Details
    • $799,000
      12,318 SF

      Retail/Warehouse Property on Old Square

      Retail/warehouse property with dock high access in vibrant Jackson.
      1434 Old Square Road, Jackson, MS 39211
      View Details
    • $139,000
      2,877 SF

      Flex Warehouse with Roll-Up Door

      Block-built flex space includes private offices and rear warehouse loading via a roll-up door.
      305 Lorenz Boulevard, Jackson, MS 39213
      View Details
    • $199,000
      9,614 SF

      Updated Office Space Downtown

      Updated office space with high visibility and live-work option.
      617 Rio, Jackson, MS 39202
      View Details
    • $400,000
      8,651 SF

      High-Visibility Commercial Property in Jackson

      Commercial property in established retail corridor near Jackson Medical Mall.
      320 W Woodrow Wilson Avenue, Jackson, MS 39213
      View Details
    • $500,000
      50,000 SF

      High-Visibility Commercial Opportunity in Jackson

      Expansive commercial building for sale at unbeatable price.
      2861 Terry Rd, Jackson, MS 39212
      View Details
    • $189,000
      9,567 SF

      Commercial Property Near Historic District

      Commercial property near historic districts with strong income potential.
      360 E Fortification Street, Jackson, MS 39202
      View Details
    • $345,000
      4,679 SF

      Northeast Jackson Office Building

      Professional office building in Northeast Jackson with 4,679 square feet.
      17 Northtown Drive, Jackson, MS 39211
      View Details
    • $249,000
      3,045 SF

      University Boulevard Commercial Opportunity

      Gas station with tanks and pumps, remodel opportunity.
      1141 University Boulevard, Jackson, MS 39204
      View Details
    • $149,000
      32,000 SF

      Former Kroger Store on 4.65 Acres

      Vacant 32,000 SF commercial building on 4.65 acres.
      3171 Robinson Road, Jackson, MS 39209
      View Details
    • $249,900
      1,843 SF

      Tudor-Style Office Building For Sale

      Charming office building with convenient access to major districts.
      629 N Jefferson Street, Jackson, MS 39202
      View Details
    • $106,000
      9,600 SF

      Large Commercial Storefront in Jackson

      9,600 sq ft commercial building ready for transformation.
      1240 Ellis Avenue, Jackson, MS 39209
      View Details

    FAQs

    What type of property is this?
    Flex space - A fenced and paved I-1 lot with an office-equipped 2-bay warehouse for light industrial and storage needs.
    Where is this flex space located?
    The property is located at 1601 HANDY AVE Jackson, MS.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Free‑standing 5,000 SF office/warehouse on a 34,000 SF fenced and paved I‑1 zoned lot; 1,000 SF +/- office area with 3 private offices, showroom/reception, break room/kitchenette, and restroom with shower; 2‑bay shop/warehouse with 14'-16' ceiling heights
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Cook, CCIM, SIOR
    Real Estate License ID: MS B-22913
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1601 HANDY AVE, JACKSON, MS 39204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!