Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Next to Grocery Title is generated by Realmo AI

    5777 Terry Rd, Byram, MS 39272

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail suite available in grocery-anchored shopping center in Byram, MS.

    Type:Retail
    Property size:
    2,000 SF
    Added:
    Aug 18, 2023
    Days on Market:
    1022
    Last Refresh:
    May 12 at 10:39 pm

    Property Features for 5777 Terry Rd

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 5777 Terry Rd Contact us

    Available Space 1 $17/Mo

    Size
    2,000 SF
    Type
    Retail
    Grocer Anchored End-Cap Space for Lease
    Contact us

    We can help!

    Listing Contact
    John Michael Holtmann

    Listing agent John Michael Holtmann License #MS 23573

    Listing office Duckworth Realty, Inc.

    Listing date Aug 18, 2023

    Source Crexi

    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 Duckworth Realty, Inc.

    HighLights

    • Endcap retail suite next to Vowell’s grocery.
    • Located in a grocery‑anchored shopping center.
    • High traffic count: over 32,000 vehicles daily.
    • Corner location on two main thoroughfares.
    • Located on S Siwell Rd, the main retail corridor in Byram.
    • +/- 2,000sf sublease space.

    Overview

    An endcap retail suite is available next to Vowell’s grocery in Byram, MS. The property is located in the Market at Byram, a grocery-anchored shopping center situated on the corner of two main thoroughfares. This location benefits from a traffic count exceeding 32,000 vehicles daily. S Siwell Rd serves as the primary retail corridor within Byram, while Terry Rd extends north to the center of Jackson, the state’s capital. The space, comprising approximately 2,000 square feet, is available as a sublease from Vowell’s grocery.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Accounting Firm HVAC Service Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Byram
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.296477
    Latitude
    32.149081

    Nearby Similar for Lease

    • Contact for pricing
      4,000 SF

      Freestanding Building in Byram, Mississippi

      4,000 SF commercial building with three suites for rent.
      7112 S Siwell Rd | Byram, MS 39272
      View Details
    • Contact for pricing
      60,000 SF

      Terry Road Warehouse For Lease

      60,000 SF warehouse with I-55 access in Byram, MS.
      5650 Terry Rd, Byram, MS 39272
      View Details
    • Contact for pricing
      60,000 SF

      60,000 SF Warehouse in Byram

      60,000 SF warehouse space with easy access to I-55.
      5650 Terry Rd, Byram, MS
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Byram, MS

      Retail property available for lease in Byram, Mississippi.
      5777-5795 Terry Rd, Byram, MS
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail suite available in grocery-anchored shopping center in Byram, MS.
    Where is this retail space located?
    The property is located at 5777 Terry Rd Byram, MS.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Endcap retail suite next to Vowell’s grocery.; Located in a grocery‑anchored shopping center.; High traffic count: over 32,000 vehicles daily.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Michael Holtmann
    Real Estate License ID: MS 23573
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5777 Terry Rd, Byram, MS 39272
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!