Industrial Flex Facility with Office
For Sale
$425,000
6500 Baker Rd, Ocean Springs, MS 39564
Flex-style commercial space offers office and warehouse areas with direct access off Hwy 57.
Property Size5,716 SF
Price / SF$74.35
Days on Market61
Property Features for 6500 Baker Rd
General Information
Standard status
Active
Size
5,716 SF
Taxes and HOA fees
Annual Taxes
$2,293
Listing Agency:
Epique
(888) 893-3537
Listed By:
Justin Britt · License #S52358
(601) 382-2201
Source:
Exprealty
Added: Jul 7
Changed: Aug 20
Last Checked: Sep 4 at 11:21AM
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 Epique
Investment Insights
Based on property information with market context.
This industrial flex facility provides over 4,000 square feet of commercial space with a combination of office and warehouse areas. The property is offered for sale and is also available for lease under MLS #4145746.
The site is located right off Hwy 57 in Ocean Springs and features I-10 frontage. Public remarks indicate approximately 400 feet of Interstate frontage and significant daily traffic.
The layout supports both business operations and office functionality, making the property suitable for users seeking on-site space for administrative and warehousing needs.
The site is located right off Hwy 57 in Ocean Springs and features I-10 frontage. Public remarks indicate approximately 400 feet of Interstate frontage and significant daily traffic.
The layout supports both business operations and office functionality, making the property suitable for users seeking on-site space for administrative and warehousing needs.
Key Highlights
- Over 4,000 sq ft of flex‑style commercial space in Ocean Springs
- Direct access off Hwy 57
- About 400 ft of Interstate frontage with heavy daily traffic visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$741,240
$741.2K
Cap Rate 7%
$529,457
$529.5K
Cap Rate 9%
$411,800
$411.8K
Market Conditions
NOI Build-Up for 5,716 SF
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.
Gross rent
$56.9K $9.96/SF
− Vacancy
−$4.0K −$0.70/SF
EGI
$52.9K $9.26/SF
− OpEx
−$15.9K −$2.78/SF
NOI
$37.1K $6.48/SF
Area
Jackson County, MS
Vacancy
7.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$741,240
Cap Rate 7%
$529,457
Cap Rate 9%
$411,800
Alternative Uses
Best Use
Flex RnD
$1.05M
$915.6K – $1.22M
NOI $73,250 @ 7.0% cap · market cap 17.24%
Second Best
Warehouse
$642.9K
$562.6K – $750.1K
NOI $45,004 @ 7.0% cap · market cap 10.59%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,308 @ 7.0% cap · market cap 25.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style commercial space offers office and warehouse areas with direct access off Hwy 57.
Where is this flex space located?
The property is located at 6500 Baker Rd Ocean Springs, MS.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Over 4,000 sq ft of flex‑style commercial space in Ocean Springs; Direct access off Hwy 57; About 400 ft of Interstate frontage with heavy daily traffic visibility
