Improved Industrial Land with
For Sale
$300,000
2340 Maddox Road, Jackson, MS 39209
1.65 acre industrial land with 5,455 SF warehouse.
Property Size5,455 SF
Lot Size1.65 Acres
Price / SF$54
Days on Market169
Property Features for 2340 Maddox Road
General Information
Standard status
Active
Size
5,455 SF
Lot size
1.65 Acres
Property subtype
Industrial
Building Details
Year Built
1974
Listing Agency:
NAI UCR Properties
(601) 405-7136
Listed By:
Alex Wilson, CCIM · License #MS #22859
(601) 405-7136
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 21 at 5:53AM
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 NAI UCR Properties
Investment Insights
Based on property information with market context.
This industrial property features approximately 1.65 acres of improved laydown yard with both concrete and gravel surfacing. A clear span warehouse/storage building provides approximately 5,455 square feet of space and includes a 14-foot roll-up door and one dock-high door. The site is fully fenced and level, with a secure access gate for controlled entry. The property is located in an industrial corridor of Jackson, MS, near the Clinton/Jackson border, with access to Interstates 20 and 220. The location features three separate ingress and egress points to facilitate truck circulation and reduce congestion. This property is well-suited for high-volume users, enhancing operational efficiency and ensuring seamless flow for freight and deliveries.
Key Highlights
- ±1.65 acres of improved laydown yard with concrete and gravel surfacing.
- +/- 5,455 SF clear span warehouse/storage building.
- Strategic location in a prime industrial corridor with great access to Interstates 20 and 220.
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
$17,660
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
5.89%
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%
$353,200
$353.2K
Cap Rate 7%
$252,286
$252.3K
Cap Rate 9%
$196,222
$196.2K
Market Conditions
NOI Build-Up for 5,455 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
$26.8K $4.92/SF
− Vacancy
−$1.6K −$0.30/SF
EGI
$25.2K $4.62/SF
− OpEx
−$7.6K −$1.39/SF
NOI
$17.7K $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 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%
$353,200
Cap Rate 7%
$252,286
Cap Rate 9%
$196,222
Alternative Uses
Best Use
Warehouse
$422.8K
$369.9K – $493.2K
NOI $29,593 @ 7.0% cap · market cap 9.86%
Second Best
Industrial
$252.3K
$220.8K – $294.3K
NOI $17,660 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$934.8K
$817.9K – $1.09M
NOI $65,434 @ 7.0% cap · market cap 21.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Fort Knox Storage Units — 2141 Woodland Way, Jackson, MS 39209
- American Premier Storage — 2141 Woodland Way, Jackson, MS 39209
- The Storage Center — 5651 MS-18, Jackson, MS 39209
Frequently Asked Questions
What type of property is this?
Warehouse - 1.65 acre industrial land with 5,455 SF warehouse.
Where is this warehouse located?
The property is located at 2340 Maddox Road Jackson, MS.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: ±1.65 acres of improved laydown yard with concrete and gravel surfacing.; +/- 5,455 SF clear span warehouse/storage building.; Strategic location in a prime industrial corridor with great access to Interstates 20 and 220.
