Warehouse for
For Sale
$416,000
3222 Toncrey Road, Diberville, MS 39540
Industrial warehouse property available for sale in Harrison County, offering a straightforward option for warehouse and storage needs.
Property Size3,549 SF
Days on Market76
Property Features for 3222 Toncrey Road
General Information
Standard status
Active
Size
3,549 SF
Zoning
C2
Taxes and HOA fees
Annual Taxes
$3,163
Amenities
Electric
Concrete
Building Details
Building Size
3,549 SF
Year Built
1968
Stories
2
Listing Agency:
Fidelis Realty, LLC.
(228) 234-6971
Listed By:
Sandra French Rushing · License #B24422
(228) 234-6971
Source:
Evrealestate
Added: May 31
Changed: Aug 8
Last Checked: Aug 13 at 6:20AM
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 Fidelis Realty, LLC.
Investment Insights
Based on property information with market context.
This for-sale warehouse and industrial property is being marketed as a commercial real estate warehouse asset, positioned for storage and other light industrial warehouse-type use cases. The offering is presented under the warehouse/industrial property category, suitable for buyers looking for a building-oriented industrial purchase rather than a land-only acquisition.
The property is located at 3222 Toncrey Road in D’Iberville, Mississippi, within Harrison County. The listing provides a clear street address for coordinating showings and due diligence, and it is identified through the property’s warehouse and industrial classification.
For prospective buyers, the primary takeaway is that this is a warehouse-focused commercial asset available for purchase. If you are evaluating warehouse space for operational storage needs, a building-based industrial acquisition can be a practical fit. For tenants and brokers, this type of property can also be relevant when searching for warehouse inventory through a sale-to-lease or future leasing scenario, though specific details like unit layout, ceiling heights, and improvements are not provided in the available information. Prospective parties should plan to review the premises directly and confirm all property attributes during the inspection and underwriting process.
The property is located at 3222 Toncrey Road in D’Iberville, Mississippi, within Harrison County. The listing provides a clear street address for coordinating showings and due diligence, and it is identified through the property’s warehouse and industrial classification.
For prospective buyers, the primary takeaway is that this is a warehouse-focused commercial asset available for purchase. If you are evaluating warehouse space for operational storage needs, a building-based industrial acquisition can be a practical fit. For tenants and brokers, this type of property can also be relevant when searching for warehouse inventory through a sale-to-lease or future leasing scenario, though specific details like unit layout, ceiling heights, and improvements are not provided in the available information. Prospective parties should plan to review the premises directly and confirm all property attributes during the inspection and underwriting process.
Key Highlights
- Electric heating and electric cooling
- Concrete parking
- Built in 1968
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
$24,031
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
5.78%
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%
$480,620
$480.6K
Cap Rate 7%
$343,300
$343.3K
Cap Rate 9%
$267,011
$267.0K
Market Conditions
NOI Build-Up for 3,549 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
$30.7K $8.64/SF
− Vacancy
−$2.4K −$0.67/SF
EGI
$28.3K $7.97/SF
− OpEx
−$4.2K −$1.19/SF
NOI
$24.0K $6.77/SF
Area
Harrison County, MS
Vacancy
7.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
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%
$480,620
Cap Rate 7%
$343,300
Cap Rate 9%
$267,011
Alternative Uses
Best Use
Warehouse
$343.3K
$300.4K – $400.5K
NOI $24,031 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 4.26%
Theoretical Best
Healthcare Medical
$571.7K
$500.3K – $667.0K
NOI $40,022 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39540, MS
12,707
Population
5,444
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
88%
High-School Grad
11.4 sq mi
ZIP Area
1,115
Density / Sq Mi
$65,712
Median Household Income
$41,129
Median Earnings
$1,177
Median Rent
$199,000
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 - Industrial warehouse property available for sale in Harrison County, offering a straightforward option for warehouse and storage needs.
Where is this warehouse located?
The property is located at 3222 Toncrey Road Diberville, MS.
What is the asking price?
The asking price for this property is $416,000.
What are key features of this property?
This property features: Electric heating and electric cooling; Concrete parking; Built in 1968
