Flex Space with Drive-In
For Sale
Contact for pricing
238 Commercial Parkway, Canton, MS 39046
Office and warehouse configuration includes finished offices, a shower, and fenced storage.
Property Size3,000 SF
Price / SF$1.25
Days on Market84
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Property Features for 238 Commercial Parkway
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Highway Access
Yes
Amenities
drive-in bay doors
shower
fenced yard
storage area
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Jon-David Johnson · License #17543
(601) 624-7288
Source:
Insightgroupms
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 14 at 10:58PM
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 JDJ Realty
Investment Insights
Based on property information with market context.
This 3,000 SF flex property combines warehouse space with approximately 600 SF of finished office area. The office portion includes a secretary office, two private offices, and a shower, while four drive-in bay doors support loading and vehicle access. A fenced yard and storage area extend the property's functional footprint.
Located at 238 Commercial Parkway in Canton, the property is near AWS, Amazon, Nissan, ABC, and Interstate 55. The combination of warehouse capacity, finished administrative space, drive-in access, and secured outdoor storage accommodates a range of commercial operations without sacrificing office functionality.
Located at 238 Commercial Parkway in Canton, the property is near AWS, Amazon, Nissan, ABC, and Interstate 55. The combination of warehouse capacity, finished administrative space, drive-in access, and secured outdoor storage accommodates a range of commercial operations without sacrificing office functionality.
Key Highlights
- 3,000 SF office/warehouse configuration
- Approximately 600 SF of finished office space
- Four drive‑in bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,483
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,660
$309.7K
Cap Rate 7%
$221,186
$221.2K
Cap Rate 9%
$172,033
$172.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$24.1K $8.04/SF
− Vacancy
−$2.0K −$0.67/SF
EGI
$22.1K $7.37/SF
− OpEx
−$6.6K −$2.21/SF
NOI
$15.5K $5.16/SF
Area
Madison County, MS
Vacancy
8.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,660
Cap Rate 7%
$221,186
Cap Rate 9%
$172,033
Alternative Uses
Best Use
Office B
$455.8K
$398.8K – $531.8K
NOI $31,907 @ 7.0% cap · market cap 850.85%
Second Best
Flex RnD
$344.2K
$301.2K – $401.6K
NOI $24,093 @ 7.0% cap · market cap 642.48%
Theoretical Best
Office A
$653.1K
$571.4K – $761.9K
NOI $45,714 @ 7.0% cap · market cap 1,219.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
188
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
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration includes finished offices, a shower, and fenced storage.
Where is this flex space located?
The property is located at 238 Commercial Parkway Canton, MS.
What are key features of this property?
This property features: 3,000 SF office/warehouse configuration; Approximately 600 SF of finished office space; Four drive‑in bay doors
