Office Warehouse with
625 Highway 49 Richland, MS 39218
For Sale
$375,000
COMMERCIAL - Richland, MS
Property Size2,500 SF
Lot Size0.89 Acres
Price / SF$150
Days on Market110
Property Features for 625 Highway 49
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
D07f000040 00030
Size
2,500 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 COLONIAL SQUARE SUB L/E 4662 SQ FT ALOS LESS .24 AC IN SE COR DB 586 PG 613 102089
Tax Annual Amount
3365
Building Details
Year built
2010
Listing Agency:
Overby, Inc.
(601) 366-8511
Listed By:
Sterling McCool · License #22633
(601) 366-8511
Added: Apr 10
Changed: Jul 24
Last Checked: Jul 28 at 12:06AM
MLS# 4145800
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Investment Insights
Based on property information with market context.
Extremely well-located small office warehouse on a large lot, recently net leased to a national credit tenant. The office portion includes a reception area, office, kitchenette, and restroom, along with a large heated and cooled mezzanine conference or storage room.
The warehouse is accessed via three grade-level roll-up doors: two 12x16 doors and one 12x18 door, supported by custom-built high ceilings designed for stackable storage and/or equipment. The property offers Highway 49 frontage with immediate access and visibility to serve the central Mississippi market, with proximity to the I-20/I-55/US-49 intersection and visibility to approximately 50,000 vehicles per day.
The warehouse is accessed via three grade-level roll-up doors: two 12x16 doors and one 12x18 door, supported by custom-built high ceilings designed for stackable storage and/or equipment. The property offers Highway 49 frontage with immediate access and visibility to serve the central Mississippi market, with proximity to the I-20/I-55/US-49 intersection and visibility to approximately 50,000 vehicles per day.
Key Highlights
- Highway 49 frontage with high visibility (approximately 50,000 vehicles per day).
- Strategic location in the most desirable industrial corridor within the Jackson MSA, with immediate access to Highway 49 and proximity to I‑20/I‑55/US‑49.
- Recently net leased to a national credit tenant.
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 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Office warehouse with a heated and cooled mezzanine office/storage room and three grade-level roll-up doors on Highway 49 frontage.
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: Highway 49 frontage with high visibility (approximately 50,000 vehicles per day).; Strategic location in the most desirable industrial corridor within the Jackson MSA, with immediate access to Highway 49 and proximity to I‑20/I‑55/US‑49.; Recently net leased to a national credit tenant.
