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 Market160
Property Features for 5270 Greenway Drive
General Information
Standard status
Active
Size
4,401 SF
Property subtype
Industrial
Building Details
Year Built
1985
Listing Agency:
NAI UCR Properties
(601) 720-7891
Listed By:
Micah McCullough, CCIM, SIOR · License #MS #B-18980
(601) 720-7891
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 12 at 5:13AM
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 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 = 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
$14,248
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
5.18%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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.
