Two-Building Industrial Flex
For Sale
Contact for pricing
5129 South McRaven Road, Jackson, MS 39209
Two-building industrial and flex setup with enclosed warehouse, loading overhang, and multiple drive-in doors on a sizable site.
Property Size10,514 SF
Lot Size6.80 Acres
Price / SF$60.87
Days on Market62
Property Features for 5129 South McRaven Road
General Information
Standard status
Active
Size
10,514 SF
Lot size
6.80 Acres
Property subtype
Industrial
Zoning
I-1
Additional Details
Drive-In Doors
4
Building Details
Year Built
1981
Buildings
2
Units
1
Listing Agency:
NAI UCR Properties
(601) 981-6800
Listed By:
Micah McCullough · License #MS B-18980
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 1:47PM
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.
The property consists of two buildings formerly used for storage and distribution, totaling 10,514 square feet of industrial space. The front building includes 5,164 square feet of move-in ready office space plus a flex/high-bay storage component. The back building offers 5,350 square feet of enclosed warehouse space with an additional 2,000 square feet of covered overhang for loading. The site also includes 6,500 square feet of covered storage. Loading access is supported by four drive-in doors, accommodating a range of manufacturing, warehousing, and distribution configurations.
The buildings are situated on a 6.8-acre site, providing outdoor storage and laydown area that can support current operations or future expansion. The seller will deliver new HVAC units for the first-floor offices in the front building in good working order as part of closing. The property also has asphalt deterioration in several areas, which is reflected in the offering price.
This offering is suited for an owner-user or tenant needing both office and industrial functionality in one package, along with covered and enclosed storage options. Industrial and distribution operators may find the drive-in door access, enclosed warehouse space, and loading overhang practical for daily movement of goods, while the covered storage and outdoor area support logistics-heavy workflows.
The buildings are situated on a 6.8-acre site, providing outdoor storage and laydown area that can support current operations or future expansion. The seller will deliver new HVAC units for the first-floor offices in the front building in good working order as part of closing. The property also has asphalt deterioration in several areas, which is reflected in the offering price.
This offering is suited for an owner-user or tenant needing both office and industrial functionality in one package, along with covered and enclosed storage options. Industrial and distribution operators may find the drive-in door access, enclosed warehouse space, and loading overhang practical for daily movement of goods, while the covered storage and outdoor area support logistics-heavy workflows.
Key Highlights
- Two‑building industrial property on 6.8 acres with 10,514 SF total industrial space.
- Front building: 5,164 SF with move‑in ready office plus flex/high‑bay storage component.
- Back building: 5,350 SF enclosed warehouse with 2,000 SF covered loading overhang.
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
$57,037
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
8.91%
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%
$1,140,740
$1.1M
Cap Rate 7%
$814,814
$814.8K
Cap Rate 9%
$633,744
$633.7K
Market Conditions
NOI Build-Up for 10,514 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
$69.4K $6.60/SF
− Vacancy
−$2.3K −$0.22/SF
EGI
$67.1K $6.38/SF
− OpEx
−$10.1K −$0.96/SF
NOI
$57.0K $5.42/SF
Area
Jackson, MS
Vacancy
3.30%
Lease Rate
$6.60 /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%
$1,140,740
Cap Rate 7%
$814,814
Cap Rate 9%
$633,744
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,260 @ 7.0% cap · market cap 15.35%
Second Best
Warehouse
$814.8K
$713.0K – $950.6K
NOI $57,037 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,118 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial and flex setup with enclosed warehouse, loading overhang, and multiple drive-in doors on a sizable site.
Where is this flex space located?
The property is located at 5129 South McRaven Road Jackson, MS.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Two‑building industrial property on 6.8 acres with 10,514 SF total industrial space.; Front building: 5,164 SF with move‑in ready office plus flex/high‑bay storage component.; Back building: 5,350 SF enclosed warehouse with 2,000 SF covered loading overhang.
