Multi-Tenant Industrial
For Sale
Contact for pricing
216 Culley Drive, Jackson, MS 39206
Industrial building with I-2 zoning, multiple occupants, and established tenant activity.
Property Size139,674 SF
Lot Size7.67 Acres
Price / SF$0.00
Days on Market95
Property Features for 216 Culley Drive
General Information
Standard status
Active
Size
139,674 SF
Lot size
7.67 Acres
Zoning
I-2
Occupancy
67%
Building Details
Year Built
1968
Building Size
139,674 SF
Tenancy
Multi
Listing Agency:
Estes Bush Real Estate LLC
(601) 362-9633
Listed By:
Brooks Rice · License #S-60969
(769) 218-7707
Source:
Insightgroupms
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 20 at 8:34PM
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 Estes Bush Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 216 Culley Drive in Jackson, Mississippi, this industrial property comprises 139,674 square feet within a multi-tenant configuration. Built in 1968, the building currently accommodates 10 tenants and reports 67% occupancy.
The property encompasses 7.67 acres and carries I-2 Industrial zoning. Its combination of substantial building area, existing tenancy, and industrial land designation provides a defined commercial framework for evaluating the asset.
The property encompasses 7.67 acres and carries I-2 Industrial zoning. Its combination of substantial building area, existing tenancy, and industrial land designation provides a defined commercial framework for evaluating the asset.
Key Highlights
- 139,674‑square‑foot industrial building constructed in 1968
- 10 tenants currently occupy the property
- 67% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$452,175
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,043,500
$9.0M
Cap Rate 7%
$6,459,643
$6.5M
Cap Rate 9%
$5,024,167
$5.0M
Market Conditions
NOI Build-Up for 139,674 SF
Gross rent
$687.2K $4.92/SF
− Vacancy
−$41.2K −$0.30/SF
EGI
$646.0K $4.62/SF
− OpEx
−$193.8K −$1.39/SF
NOI
$452.2K $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 Rate 5%
$9,043,500
Cap Rate 7%
$6,459,643
Cap Rate 9%
$5,024,167
Alternative Uses
Best Use
Industrial
$6.46M
$5.65M – $7.54M
NOI $452,175 @ 7.0% cap · market cap 7,536,250.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.93M
$20.94M – $27.92M
NOI $1,675,418 @ 7.0% cap · market cap 27,923,633.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
67%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 39206, MS
22,553
Population
11,237
Households
2
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,563
Density / Sq Mi
$41,611
Median Household Income
$32,410
Median Earnings
$1,084
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with I-2 zoning, multiple occupants, and established tenant activity.
Where is this industrial property located?
The property is located at 216 Culley Drive Jackson, MS.
What are key features of this property?
This property features: 139,674‑square‑foot industrial building constructed in 1968; 10 tenants currently occupy the property; 67% occupancy
