Flex Warehouse with Office
For Sale
$1,800,000
5295 I 55 N, Jackson, MS 39206
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 Market274
Property Features for 5295 I 55 N
General Information
Standard status
Active
Size
20,000 SF
Lot size
2.73 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,202
Listing Agency:
Overby, Inc.
Listed By:
Matthew Benton · License #S49807
(601) 366-8511
Source:
Exprealty
Added: Jan 21
Changed: Oct 8
Last Checked: Oct 21 at 12:12AM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,497
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,940
$2.2M
Cap Rate 7%
$1,549,957
$1.5M
Cap Rate 9%
$1,205,522
$1.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$132.0K $6.60/SF
− Vacancy
−$4.4K −$0.22/SF
EGI
$127.6K $6.38/SF
− OpEx
−$19.1K −$0.96/SF
NOI
$108.5K $5.42/SF
Area
Jackson, MS
Vacancy
3.30%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,940
Cap Rate 7%
$1,549,957
Cap Rate 9%
$1,205,522
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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
113
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
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 - 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
