Two-Building Industrial Flex
For Sale
$490,000
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$46.60
Days on Market117
Property Features for 5129 South McRaven Road
General Information
Standard status
Active
Size
10,514 SF
Lot size
6.80 Acres
Property subtype
Industrial
Additional Details
Drive-In Doors
4
Building Details
Building Size
10,514 SF
Year Built
1981
Listing Agency:
NAI UCR Properties
Listed By:
Alex Wilson, CCIM · License #MS #22859
(601) 405-7136
Source:
Naiglobal
Added: Jun 22
Changed: Oct 10
Last Checked: Oct 16 at 6:56AM
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
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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 / Yr
$34,038
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,760
$680.8K
Cap Rate 7%
$486,257
$486.3K
Cap Rate 9%
$378,200
$378.2K
Market Conditions
NOI Build-Up for 10,514 SF
Gross rent
$51.7K $4.92/SF
− Vacancy
−$3.1K −$0.30/SF
EGI
$48.6K $4.62/SF
− OpEx
−$14.6K −$1.39/SF
NOI
$34.0K $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 Rate 5%
$680,760
Cap Rate 7%
$486,257
Cap Rate 9%
$378,200
Alternative Uses
Best Use
Warehouse
$814.8K
$713.0K – $950.6K
NOI $57,037 @ 7.0% cap · market cap 11.64%
Second Best
Industrial
$486.3K
$425.5K – $567.3K
NOI $34,038 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,118 @ 7.0% cap · market cap 25.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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 $490,000.
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.
