Office Warehouse with
625 Highway 49 Richland, MS 39218
For Sale
Contact for pricing
Small office warehouse with grade-level roll-up doors, reception, restroom, kitchenette, and a heated and cooled mezzanine.
Property Size2,500 SF
Price / SF$155.40
Days on Market105
Property Features for 625 Highway 49
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2010
Listing Agency:
OVERBY
(601) 366-8511
Listed By:
Sterling McCool · License #MS B22633
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 23 at 3:29PM
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 OVERBY
Investment Insights
Based on property information with market context.
This small office warehouse includes a reception area, office space, kitchenette, and restroom. The property also features a large heated and cooled mezzanine that can function as a conference room or storage area.
The warehouse is served by three grade-level roll-up doors: two openings measuring 12 by 16 and one opening measuring 12 by 18. Custom-built high ceilings support stackable storage and/or equipment.
The site is described as having Highway 49 frontage with visibility to traffic on Highway 49, and the property is noted as providing immediate access to the central Mississippi market. The public remarks also indicate the property was recently net leased to a national credit tenant.
The warehouse is served by three grade-level roll-up doors: two openings measuring 12 by 16 and one opening measuring 12 by 18. Custom-built high ceilings support stackable storage and/or equipment.
The site is described as having Highway 49 frontage with visibility to traffic on Highway 49, and the property is noted as providing immediate access to the central Mississippi market. The public remarks also indicate the property was recently net leased to a national credit tenant.
Key Highlights
- 2010‑built small office warehouse with Highway 49 frontage in the Jackson MSA industrial corridor
- Net leased to a national credit tenant (recently net leased)
- Warehouse includes three grade‑level roll‑up doors: two 12x16 and one 12x18
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $18.00 |
| − Vacancy | −$9.0k | −$3.60 |
| EGI | $36.0k | $14.40 |
| − OpEx | −$9.0k | −$3.60 |
| NOI | $27.0k | $10.80 |
2,500 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 6.95%
Second Best
Warehouse
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Small office warehouse with grade-level roll-up doors, reception, restroom, kitchenette, and a heated and cooled mezzanine.
Where is this flex space located?
The property is located at 625 Highway 49 Richland, MS.
What is the asking price?
The asking price for this property is $388,500.
What are key features of this property?
This property features: 2010‑built small office warehouse with Highway 49 frontage in the Jackson MSA industrial corridor; Net leased to a national credit tenant (recently net leased); Warehouse includes three grade‑level roll‑up doors: two 12x16 and one 12x18
