Fenced Flex Space with
For Sale
$650,000
6022 I 55 S, Byram, MS 39272
Fenced industrial property combining office, training, storage, and gravel-surfaced space for commercial operations.
Property Size5,154 SF
Price / SF$126.12
Days on Market1027
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Property Features for 6022 I 55 S
General Information
Standard status
Active
Size
5,154 SF
Zoning
I-2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
5,154 SF
Self-Storage Units
19
Taxes and HOA fees
Annual Taxes
$6,129
Building Details
Building Size
5,154 SF
Listing Agency:
Maselle & Associates Inc
(601) 720-4040
Listed By:
Barry Clemmer · License #B16369
(601) 383-5243
Source:
Exprealty
Added: Dec 23, 2023
Changed: Oct 9
Last Checked: Oct 15 at 2:50AM
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 Maselle & Associates Inc
Investment Insights
Based on property information with market context.
This fenced flex property includes 5 plus acres zoned I-2 and 5,154 sf under roof. The improvements comprise 3,530 sf of office and training space plus 1,624 sf of additional office area. Separate entrances and individual restrooms support flexible occupancy within the larger office component, including potential division into 5 individual offices. The property also includes 2,400 sf of mini-storage across 19 storage units.
Gravel covers much of the site, with existing space suited to 18-wheeler training or vehicle parking. The property has power, water, and sewage. It fronts the east frontage road south of the Byram Exit, with access to I-55 and proximity to I-20. Average traffic on I-55 South is 34, 000 plus vehicles daily. The site is approximately 11 miles from downtown Jackson and 18 miles from Jackson-Medgar Wiley Evers International Airport.
Gravel covers much of the site, with existing space suited to 18-wheeler training or vehicle parking. The property has power, water, and sewage. It fronts the east frontage road south of the Byram Exit, with access to I-55 and proximity to I-20. Average traffic on I-55 South is 34, 000 plus vehicles daily. The site is approximately 11 miles from downtown Jackson and 18 miles from Jackson-Medgar Wiley Evers International Airport.
Key Highlights
- 5 plus acres zoned I‑2 with 5,154 sf under roof
- 3,530 sf of office and training space plus 1,624 sf of office
- 2,400 sf mini‑storage component with 19 storage units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,417
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,340
$868.3K
Cap Rate 7%
$620,243
$620.2K
Cap Rate 9%
$482,411
$482.4K
Market Conditions
NOI Build-Up for 5,154 SF
Gross rent
$74.2K $14.40/SF
− Vacancy
−$16.3K −$3.17/SF
EGI
$57.9K $11.23/SF
− OpEx
−$14.5K −$2.81/SF
NOI
$43.4K $8.42/SF
Area
Hinds County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,340
Cap Rate 7%
$620,243
Cap Rate 9%
$482,411
Alternative Uses
Best Use
Office B
$620.2K
$542.7K – $723.6K
NOI $43,417 @ 7.0% cap · market cap 6.68%
Second Best
Warehouse
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 5.95%
Theoretical Best
Hotel Hospitality
$35.01M
$30.64M – $40.85M
NOI $2,450,819 @ 7.0% cap · market cap 377.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39272, MS
14,022
Population
6,197
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
23.5 sq mi
ZIP Area
597
Density / Sq Mi
$75,657
Median Household Income
$45,357
Median Earnings
$1,339
Median Rent
$175,900
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
Frequently Asked Questions
What type of property is this?
Flex space - Fenced industrial property combining office, training, storage, and gravel-surfaced space for commercial operations.
Where is this flex space located?
The property is located at 6022 I 55 S Byram, MS.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5 plus acres zoned I‑2 with 5,154 sf under roof; 3,530 sf of office and training space plus 1,624 sf of office; 2,400 sf mini‑storage component with 19 storage units
