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    Richland Industrial Facility with Expansion Title is generated by Realmo AI

    327 Leggett Drive, Richland, MS 39218

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    20,000 SF facility expandable by 30,000 SF on 8.7 acres.

    Type:Industrial
    Property size:
    20,000 SF
    Lot size:
    8.70 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 327 Leggett Drive

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Lot size
    8.70 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2014

    Properties For Sale

    at 327 Leggett Drive Contact us

    We can help!

    Listing Contact
    Paul DiCosola

    Listing agent Paul DiCosola

    Listing office

    Listing date Mar 5, 2026

    Source Becknellindustrial

    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 Paul DiCosola

    HighLights

    • Expandable facility with potential for an additional 30,000 SF
    • Strategic location in Richland, MS, with convenient access to U.S. Highway 49
    • Spacious 20,000 SF facility on a large ±8.7‑acre lot
    • Equipped with 12 route truck docks, 3 exterior docks, and 2 drive‑in doors
    • Ample parking with 21 car spaces and 42 route truck parking positions
    • Modern pre‑engineered steel building built in 2014

    Overview

    This pre-engineered steel facility, constructed in 2014, offers approximately 20,000 square feet of space on approximately 8.7 acres. The property includes 2,500 square feet of office space, dock and drive-in doors, and parking for both trucks and cars. Designed with expansion capacity, the facility can accommodate an additional 30,000 square feet. The building features a 24-foot clear height with 40-foot by 40-foot column spacing. It is equipped with 12 route truck docks and 3 exterior docks, along with 2 drive-in doors. There are 21 car parking spaces and 42 route truck parking positions available. Located at 327 Leggett Drive in Richland, Mississippi, the property provides connectivity to major routes, including nearby access to U.S. Highway 49 and the greater Jackson metropolitan area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Spa & Massage Center Auto Parts Store Restaurant Skin Care Clinic Bar & Pub Electrical Service Electronics & Wireless Store Grocery & Convenience Store Car Rental Facility Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1791187
    Latitude
    32.2641967

    Nearby Similar for Sale

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      33,000 SF

      Richland Industrial Facility with Expansion

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      Highway 49 Frontage Warehouse

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      Office Warehouse on Highway Frontage

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    FAQs

    What type of property is this?
    Warehouse - 20,000 SF facility expandable by 30,000 SF on 8.7 acres.
    Where is this warehouse located?
    The property is located at 327 Leggett Drive Richland, MS.
    What are key features of this property?
    This property features: Expandable facility with potential for an additional 30,000 SF; Strategic location in Richland, MS, with convenient access to U.S. Highway 49; Spacious 20,000 SF facility on a large ±8.7‑acre lot
    (708) 416-6257
    We can help!
    Listing Contact
    Paul DiCosola
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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