6022 I 55 South Frontage Rd, Byram, MS

Listing Agency: Maselle & Associates REALTORS Show Phone

Listed By: Barry Clemmer · License #B16369 Show Phone

Source: Moodyscre

Added: Dec 22, 2023 Changed: Oct 25 Last Checked: Nov 6 at 11:09AM

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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 REALTORS

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This fenced property, zoned I-2, spans over 5 acres and is situated on the east frontage road just south of the Byram Exit, offering clear visibility from I-55 South, where an average of over 34,000 vehicles pass daily. It provides convenient access to I-55 and is located minutes from I-20, approximately 11 miles from downtown Jackson, and about 18 miles from Jackson-Medgar Wiley Evers International Airport. The property, previously used as an 18-wheeler driver training facility, includes 5154 square feet under roof, comprising 3530 square feet of office/training room space and 1624 square feet of office space. The 3530-square-foot floor plan features separate entrances with individual restrooms and can be leased separately as 5 individual offices for additional income. An additional 2400 square feet of mini-storage space, consisting of 19 storage units, is available for further income generation. The majority of the property is layered in gravel, suitable for 18-wheeler driver training, parking, or additional development. The property is equipped with power, water, and sewage and is located in the business-friendly city of Byram.

Key Highlights

• I‑2 zoning on 5+ fenced acres with high visibility from I‑55 (34,000+ vehicles daily).
• Easy access to I‑55 and I‑20, convenient location to Jackson and the airport.
• 5154 sq ft office/flex space**, including 3530 sq ft divisible into 5 individual offices for potential rental income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,608

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$672,160 $672.2K

Cap Rate 7%

$480,114 $480.1K

Cap Rate 9%

$373,422 $373.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,154 SF

Gross rent

$58.8K $11.40/SF

− Vacancy

−$7.1K −$1.37/SF

EGI

$51.7K $10.03/SF

− OpEx

−$18.1K −$3.51/SF

NOI

$33.6K $6.52/SF

Area

Hinds County, MS

Vacancy

12.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$672,160

Cap Rate 7%

$480,114

Cap Rate 9%

$373,422

Alternative Uses

Best Use

Flex RnD

$480.1K

$420.1K – $560.1K (±1% cap)

NOI $33,608 @ 7.0% cap · market cap 5.17%

Second Best

Industrial

$455.4K

$398.5K – $531.3K (±1% cap)

NOI $31,876 @ 7.0% cap · market cap 4.90%

Theoretical Best

Hotel Hospitality

$35.01M

$30.64M – $40.85M (±1% cap)

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

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Real Estate Agency Plumbing Service Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

67

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Average Price Trend$/SF for Flex space in Hinds County, MS

$59.55 Jul

$76.16 Aug

$69.02 Sep

$63.26 Oct

Properties on Market for Flex space in Hinds County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 5+ acre I-2 zoned property with office/flex & storage.

Where is this flex space located?

The property is located at 6022 I 55 South Frontage Rd 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: I‑2 zoning on 5+ fenced acres with **high visibility from I‑55** (34,000+ vehicles daily).; Easy access to I‑55 and I‑20, convenient location to Jackson and the airport.; 5154 sq ft office/flex space**, including 3530 sq ft divisible into 5 individual offices for potential rental income.