Commercial Land with Street-Front
For Sale
$246,500
Pending
5753 Terry Road, Byram, MS 39212
COMMERCIAL - Byram, MS
Property Size2,000 SF
Lot Size3.03 Acres
Days on Market351
Property Features for 5753 Terry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C3
Standard status
Pending
APN
4851-0216-002
Size
2,000 SF
Lot size
3.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG W/S HWY 51 3337.5 FT SWLY OF INT WITH N LINE SEC 13 SWLY 149.6 FT NWLY 422.6 FT NLY 415 ELY APPROX 350 FT SWLY 450 FT SELY 422.6 FT TO POB IN SW 1/4 NW 1/4 SEC 13 T4 R1W LESS TO COUNTY FOR RD TOWN OF BYRAM
Tax Annual Amount
2755
Legal Description
BEG W/S HWY 51 3337.5 FT SWLY OF INT WITH N LINE SEC 13 SWLY 149.6 FT NWLY 422.6 FT NLY 415 ELY APPROX 350 FT SWLY 450 FT SELY 422.6 FT TO POB IN SW 1/4 NW 1/4 SEC 13 T4 R1W LESS TO COUNTY FOR RD TOWN OF BYRAM
Building Details
Year built
1982
Listing Agency:
Posey Land Company LLC DBA MOSSY OAK PROPERTIES
(601) 835-5070
Listed By:
Rockie Netherland · License #S60159
(601) 833-2586
Added: Aug 21, 2025
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 4123183
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 3.03+-acre commercial land parcel features a 3-bedroom, 3-bath house positioned at the street front, with additional acreage extending behind. The property includes a small pond tucked into the back corner, set among lush greenery across the rear portion of the site.
Located at 5753 Terry Road in Byram, MS (Hinds County), the site benefits from prominent positioning along Terry Rd. The property is identified as having commercial C-3 zoning, supporting a flexible mix of uses as allowed under the applicable zoning regulations.
With the home fronting the road and the majority of the acreage opening up toward the back, the layout offers a straightforward split between an existing street-front residence and a larger rear area that includes the pond.
Located at 5753 Terry Road in Byram, MS (Hinds County), the site benefits from prominent positioning along Terry Rd. The property is identified as having commercial C-3 zoning, supporting a flexible mix of uses as allowed under the applicable zoning regulations.
With the home fronting the road and the majority of the acreage opening up toward the back, the layout offers a straightforward split between an existing street-front residence and a larger rear area that includes the pond.
Key Highlights
- Expansive 3.03+- acre property.
- Commercial C‑3 Zoning.
- Versatile land offering commercial and residential potential.
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
$10,941
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
4.44%
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%
$218,820
$218.8K
Cap Rate 7%
$156,300
$156.3K
Cap Rate 9%
$121,567
$121.6K
Market Conditions
NOI Build-Up for 2,000 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
$21.6K $10.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$19.9K $9.95/SF
− OpEx
−$9.0K −$4.48/SF
NOI
$10.9K $5.47/SF
Area
Hinds County, MS
Vacancy
7.90%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
45.00%
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%
$218,820
Cap Rate 7%
$156,300
Cap Rate 9%
$121,567
Alternative Uses
Best Use
Apartment 5plus
$156.3K
$136.8K – $182.4K
NOI $10,941 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$13.59M
$11.89M – $15.85M
NOI $951,036 @ 7.0% cap · market cap 385.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 39212, MS
29,087
Population
12,738
Households
2.3
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
29.6 sq mi
ZIP Area
983
Density / Sq Mi
$53,300
Median Household Income
$31,604
Median Earnings
$1,128
Median Rent
$105,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 3+ acre commercial C-3 zoned lot with street-front 3 bed, 3 bath home and pond at rear.
Where is this commercial land located?
The property is located at 5753 Terry Road Byram, MS.
What is the asking price?
The asking price for this property is $246,500.
What are key features of this property?
This property features: Expansive 3.03+- acre property.; Commercial C‑3 Zoning.; Versatile land offering commercial and residential potential.
