Industrial Warehouse with Leasing
390 Commerce Park Dr Jackson, MS 39213
390 Commerce Park Dr, Jackson, MS, 39213
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For Sale
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Industrial warehouse in the Commerce Park Industrial Park with space that can be demised for flexible occupancy.
Property Size146,077 SF
Price / SF$37.65
Days on Market137
Property Features for 390 Commerce Park Dr
General Information
- Standard status
- Active
- Size
- 146,077 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing agency
NAI UCR Properties
(601) 981-6800
Listed by
Micah McCullough · License #MS B-18980
Source
Crexi
Added: Mar 6 Updated: Jul 21 at 6:15PM Checked: Jul 21 at 6:15PM
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 warehouse property offers flexible use and leasing structure, with the building currently half owner-occupied and the balance leased on short-term agreements. The asset can be demised to as little as 19,000 SF, or utilized in its entirety, supporting both single-user and multi-scope strategies.
Located in the established Commerce Park Industrial Park in Jackson, Mississippi, the property is positioned just west of the Fondren district. The site provides convenient access to Interstate 20 and Interstate 220, supporting distribution across the Jackson MSA and the Southeast, with accessibility to nearby West Jackson, Clinton, North Jackson, and surrounding communities.
The Commerce Park Industrial Park is characterized by established infrastructure and truck accessibility, with an industrial mix suited to manufacturing, warehousing, or regional headquarters operations.
Located in the established Commerce Park Industrial Park in Jackson, Mississippi, the property is positioned just west of the Fondren district. The site provides convenient access to Interstate 20 and Interstate 220, supporting distribution across the Jackson MSA and the Southeast, with accessibility to nearby West Jackson, Clinton, North Jackson, and surrounding communities.
The Commerce Park Industrial Park is characterized by established infrastructure and truck accessibility, with an industrial mix suited to manufacturing, warehousing, or regional headquarters operations.
Key Highlights
- 146,077 SF industrial building built in 1970 in the Commerce Park Industrial Park in Jackson, MS
- Currently half owner‑occupied, with the remaining space leased on short‑term agreements
- Space can be demised down to as little as 19,000 SF or used in its entirety
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $718.7k | $4.92 |
| − Vacancy | −$43.1k | −$0.30 |
| EGI | $675.6k | $4.62 |
| − OpEx | −$202.7k | −$1.39 |
| NOI | $472.9k | $3.24 |
146,077 SF · lease $4.92/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$11.32M
$9.91M – $13.21M
NOI $792,449 @ 7.0% cap · market cap 14.41%
Second Best
Industrial
$6.76M
$5.91M – $7.88M
NOI $472,904 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$25.03M
$21.90M – $29.20M
NOI $1,752,223 @ 7.0% cap · market cap 31.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Vault MS
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial warehouse in the Commerce Park Industrial Park with space that can be demised for flexible occupancy.
Where is this warehouse located?
The property is located at 390 Commerce Park Dr Jackson, MS.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 146,077 SF industrial building built in 1970 in the Commerce Park Industrial Park in Jackson, MS; Currently half owner‑occupied, with the remaining space leased on short‑term agreements; Space can be demised down to as little as 19,000 SF or used in its entirety
