Office Warehouse with
For Sale
$375,000
625 Highway 49, Richland, MS 39218
Small office warehouse with grade-level roll-up doors, reception, restroom, kitchenette, and a heated and cooled mezzanine.
Property Size2,500 SF
Price / SF$150
Days on Market182
Property Features for 625 Highway 49
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
2010
Listing Agency:
Overby, Inc.
Listed By:
Sterling McCool · License #B22633
(601) 624-3227
Source:
Fiorellaavenue
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 7 at 3:56PM
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, Inc.
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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
Estimated NOI and Cap Rate
NOI / Yr
$27,000
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,000
$540.0K
Cap Rate 7%
$385,714
$385.7K
Cap Rate 9%
$300,000
$300.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$9.0K −$3.60/SF
EGI
$36.0K $14.40/SF
− OpEx
−$9.0K −$3.60/SF
NOI
$27.0K $10.80/SF
Area
Rankin County, MS
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,000
Cap Rate 7%
$385,714
Cap Rate 9%
$300,000
Alternative Uses
Best Use
Office B
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 7.20%
Second Best
Warehouse
$268.2K
$234.7K – $312.9K
NOI $18,775 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 39218, MS
7,231
Population
2,950
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
89%
High-School Grad
17.7 sq mi
ZIP Area
409
Density / Sq Mi
$63,103
Median Household Income
$37,279
Median Earnings
$1,146
Median Rent
$135,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 $375,000.
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
