Flex Space With Office and
For Sale
$309,000
550 Pearl Park Plaza, Pearl, MS 39208
Balanced office and warehouse configuration supports varied commercial operations.
Property Size3,000 SF
Lot Size0.31 Acres
Price / SF$103
Days on Market83
Property Features for 550 Pearl Park Plaza
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.31 Acres
Warehouse & Industrial
Warehouse Space
1,500 SF
Office Build-Out
1,500 SF
Building Details
Year Built
1987
Listing Agency:
Backwoods Land Company, LLC
Listed By:
Steven L Milner · License #B18659
(601) 941-1622
Source:
Fiorellaavenue
Added: Aug 4
Changed: Oct 9
Last Checked: Oct 7 at 2:27PM
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 Backwoods Land Company, LLC
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Investment Insights
Based on property information with market context.
This flex property at 550 Pearl Park Plz in Pearl, Mississippi, contains approximately 3,000 SF arranged between office and warehouse/shop functions. The office component measures approximately 1,500 SF, while the warehouse/shop area provides an additional approximately 1,500 SF for commercial operations. The layout combines finished administrative space with functional work and storage areas.
The property occupies approximately 0.31 acres within an established commercial area near major transportation corridors and the greater Jackson metro market. It is currently leased through July 30, 2026, providing an existing occupancy arrangement before the next phase of ownership or use.
The property occupies approximately 0.31 acres within an established commercial area near major transportation corridors and the greater Jackson metro market. It is currently leased through July 30, 2026, providing an existing occupancy arrangement before the next phase of ownership or use.
Key Highlights
- Approximately 3,000 SF total building area
- Approximately 1,500 SF of office space
- Approximately 1,500 SF of warehouse/shop space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,530
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,600
$450.6K
Cap Rate 7%
$321,857
$321.9K
Cap Rate 9%
$250,333
$250.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$28.4K $9.48/SF
− Vacancy
−$1.9K −$0.64/SF
EGI
$26.5K $8.84/SF
− OpEx
−$4.0K −$1.33/SF
NOI
$22.5K $7.51/SF
Area
Rankin County, MS
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,600
Cap Rate 7%
$321,857
Cap Rate 9%
$250,333
Alternative Uses
Best Use
Office B
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 10.49%
Second Best
Warehouse
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 39208, MS
34,228
Population
13,931
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
47.8 sq mi
ZIP Area
716
Density / Sq Mi
$58,878
Median Household Income
$40,785
Median Earnings
$1,157
Median Rent
$173,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- King Kakes & Katering, LLC — 3064 Highway 80 E, #10, Pearl, MS 39208
Frequently Asked Questions
What type of property is this?
Flex space - Balanced office and warehouse configuration supports varied commercial operations.
Where is this flex space located?
The property is located at 550 Pearl Park Plaza Pearl, MS.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Approximately 3,000 SF total building area; Approximately 1,500 SF of office space; Approximately 1,500 SF of warehouse/shop space
