Flex Warehouse with Office
For Sale
$1,800,000
5295 I-55 N Frontage Road, Jackson, MS 39206
COMMERCIAL - Jackson, MS
Property Size20,000 SF
Lot Size2.73 Acres
Price / SF$90
Days on Market190
Property Features for 5295 I-55 N Frontage Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Metes And Bounds
Lot features
Fenced, Open Lot, Rectangular Lot, Fenced, Open Lot, Rectangular Lot
Standard status
Active
APN
507-350
Size
20,000 SF
Lot size
2.73 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BEG 181.47 FT SWLY INT S/L BOUNDS ST & W/L INT 55 SWLY 50.43 FT W 469.92 FT N 229.21 FT E 259.14 FT S 179.29 FT E 219.17 FT TO POB IN NW 1/4 & NE 1/4 SEC 13 T6N R1E And BEG INT S/L BOUNDS ST & W/L INT 55 SWLY 181.47 FT W 219.17 FT N 179.29 FT E 249.27 FT TO POB IN NW 1/4 & NE 1/4 SEC 13 T6N R1E
Tax Annual Amount
17202
Legal Description
BEG 181.47 FT SWLY INT S/L BOUNDS ST & W/L INT 55 SWLY 50.43 FT W 469.92 FT N 229.21 FT E 259.14 FT S 179.29 FT E 219.17 FT TO POB IN NW 1/4 & NE 1/4 SEC 13 T6N R1E And BEG INT S/L BOUNDS ST & W/L INT 55 SWLY 181.47 FT W 219.17 FT N 179.29 FT E 249.27 FT TO POB IN NW 1/4 & NE 1/4 SEC 13 T6N R1E
Building Details
Year built
1968
Floors in Building
2
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Matthew Benton · License #S49807
(601) 366-8511
Added: Jan 21
Changed: Jul 24
Last Checked: Jul 30 at 4:06PM
MLS# 4136840
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-style commercial property was formerly used as a car dealership and tire shop, and it is currently operated as a flag-related business with A Complete Flag Source as the existing tenant. The site includes the option to retain the flag store while using approximately 6,000 SF of warehouse/office space for owner-operator use or additional leasing, with the remainder of the property remaining available for continued operations within the existing structure.
The property sits on a 2.73-acre lot with frontage and visibility from I-55. Access is available from both the I-55 Frontage Road and Bounds Street, supporting straightforward site entry and circulation for business use. The generous lot size also allows for future development while maintaining the current building(s).
The property sits on a 2.73-acre lot with frontage and visibility from I-55. Access is available from both the I-55 Frontage Road and Bounds Street, supporting straightforward site entry and circulation for business use. The generous lot size also allows for future development while maintaining the current building(s).
Key Highlights
- Excellent frontage and visibility from I‑55.
- 2.73‑acre lot allows for future development.
- Option to retain existing flag store as a tenant for income.
Financial Insights For Warehouse
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 | $132.0k | $6.60 |
| − Vacancy | −$4.4k | −$0.22 |
| EGI | $127.6k | $6.38 |
| − OpEx | −$19.1k | −$0.96 |
| NOI | $108.5k | $5.42 |
20,000 SF · lease $6.60/SF/yr · vacancy 3.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,497 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$925.0K
$809.3K – $1.08M
NOI $64,747 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $239,904 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39206, MS
22,553
Population
11,237
Households
2
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,563
Density / Sq Mi
$41,611
Median Household Income
$32,410
Median Earnings
$1,084
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bessi Roo's Food Truck and Catering — 407 Bounds St, Jackson, MS 39206
- Taste Bud Magic ~~ Premier Catering Services — 5420, I-55, Jackson, MS 39211
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse and office space on a 2.73-acre lot with I-55 frontage and access from frontage road and Bounds Street.
Where is this flex space located?
The property is located at 5295 I-55 N Frontage Road Jackson, MS.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Excellent frontage and visibility from I‑55.; 2.73‑acre lot allows for future development.; Option to retain existing flag store as a tenant for income.
