Industrial Warehouse for
For Sale
$139,000
305 Lorenz Boulevard, Jackson, MS 39213
For-sale warehouse property in Hinds County, positioned for industrial and storage-focused users.
Property Size2,877 SF
Days on Market69
Property Features for 305 Lorenz Boulevard
General Information
Standard status
Active
Size
2,877 SF
Taxes and HOA fees
Annual Taxes
$2,799
Building Details
Building Size
2,877 SF
Year Built
1969
Stories
1
Listing Agency:
McGee Realty Services
(601) 832-4715
Listed By:
Chuck L McGee · License #B20964
(601) 832-4715
Source:
Evrealestate
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 12 at 4:46AM
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 McGee Realty Services
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse property is offered as a commercial real estate asset under the warehouses/industrial property category. The listing includes the building at 305 Lorenz Boulevard in Jackson, MS, within Hinds County.
The address provides a clear, fixed location for buyer due diligence and on-site inspection. Since the listing information provided does not describe building specifications, site layout, or condition in detail, prospective buyers should plan to review the property directly to confirm interior configuration, overhead access, and any site features relevant to their operations.
Because this is marketed broadly as a warehouse/industrial property, it may be suitable for tenants and buyers looking for space to support storage and distribution needs, or other industrial uses consistent with the building they verify on inspection. Interested parties can use the on-site walkthrough to assess workflow fit, loading and access considerations, and any practical constraints that could affect fit-out plans. If you are underwriting an acquisition, having a professional inspection and a clear understanding of the building’s systems will be important given the limited details in the published remarks.
The address provides a clear, fixed location for buyer due diligence and on-site inspection. Since the listing information provided does not describe building specifications, site layout, or condition in detail, prospective buyers should plan to review the property directly to confirm interior configuration, overhead access, and any site features relevant to their operations.
Because this is marketed broadly as a warehouse/industrial property, it may be suitable for tenants and buyers looking for space to support storage and distribution needs, or other industrial uses consistent with the building they verify on inspection. Interested parties can use the on-site walkthrough to assess workflow fit, loading and access considerations, and any practical constraints that could affect fit-out plans. If you are underwriting an acquisition, having a professional inspection and a clear understanding of the building’s systems will be important given the limited details in the published remarks.
Key Highlights
- Warehouse property in Hinds County (Hinds CountyOrParish: Hinds)
- Built in 1969
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
$9,314
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%
$186,280
$186.3K
Cap Rate 7%
$133,057
$133.1K
Cap Rate 9%
$103,489
$103.5K
Market Conditions
NOI Build-Up for 2,877 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
$14.2K $4.92/SF
− Vacancy
−$849 −$0.30/SF
EGI
$13.3K $4.62/SF
− OpEx
−$4.0K −$1.39/SF
NOI
$9.3K $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%
$186,280
Cap Rate 7%
$133,057
Cap Rate 9%
$103,489
Alternative Uses
Best Use
Warehouse
$223.0K
$195.1K – $260.1K
NOI $15,607 @ 7.0% cap · market cap 11.23%
Second Best
Industrial
$133.1K
$116.4K – $155.2K
NOI $9,314 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$493.0K
$431.4K – $575.2K
NOI $34,510 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39213, MS
19,507
Population
10,172
Households
1.9
Avg Household Size
43
Median Age
15%
College-Educated
78%
High-School Grad
28.3 sq mi
ZIP Area
689
Density / Sq Mi
$28,115
Median Household Income
$23,919
Median Earnings
$773
Median Rent
$73,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property in Hinds County, positioned for industrial and storage-focused users.
Where is this warehouse located?
The property is located at 305 Lorenz Boulevard Jackson, MS.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Warehouse property in Hinds County (Hinds CountyOrParish: Hinds); Built in 1969
