Flex Space with Expansion
For Sale
$224,600
6021 Channel 16 Way, Jackson, MS 39209
Flexible commercial building with enclosed vehicle bay, offices, and expansion area.
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$93.58
Days on Market322
Property Features for 6021 Channel 16 Way
General Information
Standard status
Active
Size
2,400 SF
Lot size
1.00 Acre
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,578
Amenities
3
Corner Lot.
Rolling Slope, Irregular
Overhead Doors. Rolling Slope, In City, Corner, City Road, Irregular.
Building Details
Year Built
1991
Buildings
1
Stories
1
Building Size
2,400 SF
Construction
pre-engineered metal
Listing Agency:
Crossway Properties
(769) 233-8011
Listed By:
Crossway Properties
(769) 233-8011
Source:
Xome
Added: Oct 12, 2025
Changed: Aug 28
Last Checked: Apr 24 at 8:07AM
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 Crossway Properties
Investment Insights
Based on property information with market context.
This approximately 2,400-square-foot pre-engineered red-frame metal building occupies about one acre and combines office, service, and storage functions. The interior includes six rooms, two bathrooms, a shower, overhead storage, and a full-width rear bay with a roll-up door. The bay extends 40 feet and can accommodate two vehicles or a truck and trailer indoors. Two front rooms feature large glass windows, while security cameras, exterior lighting, and a satellite dish are also in place.
The building sits at the corner of Channel 16 Way and Maddox Road, directly off Highway 18 and 1.75 miles from I-20. Approximately three-quarters of an acre remains beyond the building area, providing space for future expansion, additional structures, parking, or outdoor storage. Past occupancy has included a contracting business, call center, and daycare, demonstrating a range of completed commercial applications.
The building sits at the corner of Channel 16 Way and Maddox Road, directly off Highway 18 and 1.75 miles from I-20. Approximately three-quarters of an acre remains beyond the building area, providing space for future expansion, additional structures, parking, or outdoor storage. Past occupancy has included a contracting business, call center, and daycare, demonstrating a range of completed commercial applications.
Key Highlights
- Approximately 2,400 SF pre‑engineered red‑frame metal building on approximately one acre
- Six rooms with two bathrooms, a shower, and storage above the offices
- 40‑foot‑deep rear bay with roll‑up door for two vehicles or a truck and trailer
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
$13,020
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
5.80%
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%
$260,400
$260.4K
Cap Rate 7%
$186,000
$186.0K
Cap Rate 9%
$144,667
$144.7K
Market Conditions
NOI Build-Up for 2,400 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
$15.8K $6.60/SF
− Vacancy
−$523 −$0.22/SF
EGI
$15.3K $6.38/SF
− OpEx
−$2.3K −$0.96/SF
NOI
$13.0K $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 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%
$260,400
Cap Rate 7%
$186,000
Cap Rate 9%
$144,667
Alternative Uses
Best Use
Office B
$320.4K
$280.4K – $373.8K
NOI $22,429 @ 7.0% cap · market cap 9.99%
Second Best
Warehouse
$186.0K
$162.8K – $217.0K
NOI $13,020 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39209, MS
25,227
Population
12,438
Households
2
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
405
Density / Sq Mi
$35,103
Median Household Income
$27,351
Median Earnings
$969
Median Rent
$74,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with enclosed vehicle bay, offices, and expansion area.
Where is this flex space located?
The property is located at 6021 Channel 16 Way Jackson, MS.
What is the asking price?
The asking price for this property is $224,600.
What are key features of this property?
This property features: Approximately 2,400 SF pre‑engineered red‑frame metal building on approximately one acre; Six rooms with two bathrooms, a shower, and storage above the offices; 40‑foot‑deep rear bay with roll‑up door for two vehicles or a truck and trailer
