Industrial Property with Highway
For Sale
$275,000
5270 Greenway Drive, Jackson, MS 39204
4,401 SF industrial property with excellent highway access.
Property Size4,401 SF
Price / SF$62.49
Days on Market215
Property Features for 5270 Greenway Drive
General Information
Standard status
Active
Size
4,401 SF
Property subtype
Industrial
Building Details
Year Built
1985
Listed By:
Micah McCullough, CCIM, SIOR · License #MS #B-18980
(601) 720-7891
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Oct 5 at 3:36PM
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 Micah McCullough, CCIM, SIOR
Investment Insights
Based on property information with market context.
The property at 5270 Greenway Drive in Jackson, MS, is a 4,401 SF industrial property suitable for warehousing, distribution, or service-related operations. It is positioned off Highway 18 in a well-established industrial corridor, providing connectivity to Interstate 20 and Interstate 55. The flex space property features nine grade-level doors and is located less than 1 mile from Interstate 20 and 8 miles from Interstate 55.
Key Highlights
- Excellent access to Interstate 20 (less than 1 mile) and Interstate 55 (8 miles).
- Located in a well‑established industrial corridor off Highway 18.
- 4,401 SF of flex space** suitable for warehousing, distribution, or service‑related operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,248
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,960
$285.0K
Cap Rate 7%
$203,543
$203.5K
Cap Rate 9%
$158,311
$158.3K
Market Conditions
NOI Build-Up for 4,401 SF
Gross rent
$21.7K $4.92/SF
− Vacancy
−$1.3K −$0.30/SF
EGI
$20.4K $4.62/SF
− OpEx
−$6.1K −$1.39/SF
NOI
$14.2K $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%
$284,960
Cap Rate 7%
$203,543
Cap Rate 9%
$158,311
Alternative Uses
Best Use
Industrial
$203.5K
$178.1K – $237.5K
NOI $14,248 @ 7.0% cap · market cap 5.18%
Second Best
Flex RnD
$189.0K
$165.4K – $220.5K
NOI $13,230 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$754.2K
$659.9K – $879.9K
NOI $52,791 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 4,401 SF industrial property with excellent highway access.
Where is this flex space located?
The property is located at 5270 Greenway Drive Jackson, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Excellent access to Interstate 20 (less than 1 mile) and Interstate 55 (8 miles).; Located in a well‑established industrial corridor off Highway 18.; 4,401 SF of flex space** suitable for warehousing, distribution, or service‑related operations.
