Exceptional Commercial Facility in
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226 E Central Ave, Petal, MS 39465
Move-in ready commercial building in Petal, Mississippi with special features.
Property Size3,577 SF
Price / SF$125.80
Days on Market1693
Property Features for 226 E Central Ave
General Information
Standard status
Active
Size
3,577 SF
Class
B
Property subtype
Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Cook Commercial Properties
Listed By:
Joseph Tubb · License #MS S-50068
(601) 606-1900
Source:
Crexi
Added: Jan 25, 2022
Changed: Sep 12
Last Checked: Sep 13 at 5:58AM
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
Investment Insights
Based on property information with market context.
This 3,577 square foot commercial facility is located in Petal, Mississippi, surrounded by retail, schools, solid neighborhoods, and established commercial developments. The well-maintained building features four options for entrance and egress, two large executive offices with floor-to-ceiling windows, an expansive lobby, a spacious conference room, a break room with built-in features, and additional office coves. Beautiful brick floors are present throughout the building, which also includes a working vault. A highly visible sign with a marketing marquee is included. The property has a well-landscaped parking lot. Formerly a bank branch, the construction and shape of the building present opportunities for drive-through needs with four bays and equipment in place. It is suitable for a pharmacy, emergency care facility, or other medical applications.
Key Highlights
- Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.
- Former bank branch, well‑maintained and move‑in ready, with a working vault.
- Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
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
$30,133
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
6.70%
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%
$602,660
$602.7K
Cap Rate 7%
$430,471
$430.5K
Cap Rate 9%
$334,811
$334.8K
Market Conditions
NOI Build-Up for 3,577 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
$51.5K $14.40/SF
− Vacancy
−$11.3K −$3.17/SF
EGI
$40.2K $11.23/SF
− OpEx
−$10.0K −$2.81/SF
NOI
$30.1K $8.42/SF
Area
Forrest County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$602,660
Cap Rate 7%
$430,471
Cap Rate 9%
$334,811
Alternative Uses
Best Use
Office B
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.7K
$515.1K – $686.8K
NOI $41,207 @ 7.0% cap · market cap 9.16%
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
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 39465, MS
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
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?
Office building - Move-in ready commercial building in Petal, Mississippi with special features.
Where is this office building located?
The property is located at 226 E Central Ave Petal, MS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.; Former bank branch, well‑maintained and move‑in ready, with a working vault.; Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
