Modern Industrial Building Near
For Sale
$1,900,000
1831 W Peace St, Canton, MS 39046
6,613 SF industrial building in thriving Canton area.
Property Size6,613 SF
Price / SF$287.31
Days on Market214
Property Features for 1831 W Peace St
General Information
Standard status
Active
Size
6,613 SF
Property subtype
Industrial
Building Details
Building Size
6,613 SF
Year Built
1998
Listing Agency:
Speed Commercial Real Estate
Listed By:
Jeff Speed, CCIM · License #MS #16810
(601) 624-8380
Source:
Speedcres
Added: Mar 6
Changed: Sep 23
Last Checked: Oct 5 at 5:01PM
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 Speed Commercial Real Estate
Investment Insights
Based on property information with market context.
This property presents an exceptional opportunity for industrial, warehouse, or distribution investment, featuring 6,613 square feet in two buildings. Constructed in 1998, the property includes a front office building of approximately 1,313 sq ft and a back warehouse of approximately 5,300 sq ft, providing a solid foundation for modern business needs. Zoned as S3 Special Planned Highway Corridor, the property offers potential for growth and development. The location is directly across the street from the Industrial Mega Site development, which currently houses Amazon and Clark Beverage Company, along with numerous other businesses. The surrounding area offers a blend of local businesses, dining, and cultural attractions, as well as the Madison County Mega Site Industrial development. The nearby Nissan plant and New Amazon Fulfillment Center add to the commercial appeal of the area. With easy access to the I-55 corridor, this location provides an excellent opportunity for office space, warehouse, and development investment in a dynamic and growing community.
Key Highlights
- Directly across the street from the Industrial Mega Site development, housing Amazon and Clark Beverage Company.
- 6,613 SF modern industrial building** suitable for industrial, warehouse, or distribution investment.
- Zoned S3 Special Planned Highway Corridor, offering potential for growth and development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,334
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,680
$1.4M
Cap Rate 7%
$1,004,771
$1.0M
Cap Rate 9%
$781,489
$781.5K
Market Conditions
NOI Build-Up for 6,613 SF
Gross rent
$115.1K $17.40/SF
− Vacancy
−$21.3K −$3.22/SF
EGI
$93.8K $14.18/SF
− OpEx
−$23.4K −$3.55/SF
NOI
$70.3K $10.64/SF
Area
Madison County, MS
Vacancy
18.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,680
Cap Rate 7%
$1,004,771
Cap Rate 9%
$781,489
Alternative Uses
Best Use
Office B
$1.00M
$879.2K – $1.17M
NOI $70,334 @ 7.0% cap · market cap 3.70%
Second Best
Warehouse
$592.0K
$518.0K – $690.7K
NOI $41,442 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,769 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 6,613 SF industrial building in thriving Canton area.
Where is this warehouse located?
The property is located at 1831 W Peace St Canton, MS.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Directly across the street from the Industrial Mega Site development, housing Amazon and Clark Beverage Company.; 6,613 SF modern industrial building** suitable for industrial, warehouse, or distribution investment.; Zoned S3 Special Planned Highway Corridor, offering potential for growth and development.
