Flex Warehouse with Office
5295 I 55 N Jackson, MS 39206
5295 I 55 N, Jackson, MS, 39206
$1,800,000
For Sale
$1,800,000
Flex property with warehouse and office space, plus an option to retain the current flag store tenant.
Property Size20,000 SF
Lot Size2.73 Acres
Price / SF$90
Days on Market181
Property Features for 5295 I 55 N
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 2.73 Acres
Listing agency
Overby, Inc.
(601) 366-8511
Listed by
Matthew Benton · License #S49807
(601) 366-8511
Source
Exprealty
Added: Jan 21 Updated: Jul 21 at 9:09AM Checked: Jul 21 at 9:09AM
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 Overby, Inc.
Investment Insights
Based on property information with market context.
This versatile flex property was formerly operated as a car dealership and tire shop and is currently home to A Complete Flag Source. The site offers the option to retain the flag store as a tenant while using approximately 6,000 SF of warehouse/office space for personal use or additional leasing. The property is situated on a 2.73-acre lot, providing room for flexible operations and potential future development while keeping the existing structure.
The property has excellent frontage and visibility from I-55, with convenient access from both the I-55 Frontage Road and Bounds Street.
For buyers and owner-operators, the combination of retail tenancy and warehouse/office space supports multiple use approaches within a highly accessible, visible location.
The property has excellent frontage and visibility from I-55, with convenient access from both the I-55 Frontage Road and Bounds Street.
For buyers and owner-operators, the combination of retail tenancy and warehouse/office space supports multiple use approaches within a highly accessible, visible location.
Key Highlights
- Versatile flex property formerly used as a car dealership and tire shop
- Option to retain the current flag store as a tenant while using space for personal use or leasing
- Approximately 6,000 SF of warehouse/office space for owner use or additional tenanting
Local 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
Office B
$2.67M
$2.34M – $3.12M
NOI $186,912 @ 7.0% cap · market cap 10.38%
Second Best
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,497 @ 7.0% cap · market cap 6.03%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex property with warehouse and office space, plus an option to retain the current flag store tenant.
Where is this flex space located?
The property is located at 5295 I 55 N 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: Versatile flex property formerly used as a car dealership and tire shop; Option to retain the current flag store as a tenant while using space for personal use or leasing; Approximately 6,000 SF of warehouse/office space for owner use or additional tenanting
