Office/Warehouse Facility in Pearl,
For Sale
Contact for pricing
105 Metroplex Blvd, Pearl, MS 39208
Mixed-use office and warehouse property on 1 acre.
Property Size9,952 SF
Lot Size1.00 Acre
Price / SF$200.96
Days on Market1361
Property Features for 105 Metroplex Blvd
General Information
Standard status
Active
Size
9,952 SF
Lot size
1.00 Acre
Property subtype
Office, Industrial, Mixed Use
Zoning
C-2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2020
Stories
2
Tenancy
Single
Listing Agency:
Greypointe Property Group
Listed By:
Trevor Williams · License #B24058
(601) 575-1612
Source:
Crexi
Added: Dec 13, 2022
Changed: Aug 13
Last Checked: Aug 29 at 11:33PM
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 Greypointe Property Group
Investment Insights
Based on property information with market context.
This recently constructed mixed-use office and warehouse property is situated on 1 acre in Pearl, Mississippi. The location provides access to Interstate 20, Jackson-Evers International Airport, Highway 49, and Lakeland Drive. The property includes approximately 4,500 square feet of office space and approximately 5,300 square feet of heated and cooled warehouse space. The first floor office area features a reception area, a break room with kitchen, three restrooms, an IT/server room, and six private offices, with internal stairwell access to the second floor. The second floor office area includes a conference room, seven private offices, and two restrooms. The warehouse features an open-span layout, storage capacity, integrated offices and/or workrooms, and a climate-controlled environment. This facility is suited for companies seeking a strategic operations hub in Central Mississippi.
Key Highlights
- Prime location in Pearl, MS with immediate access to I‑20, Jackson‑Evers International Airport, Highway 49, and Lakeland Drive.
- Recently constructed (2020) mixed‑use office and warehouse facility.
- ±4,500 SF of office space and ±5,300 SF of heated and cooled warehouse space.**
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
$107,482
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
5.37%
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%
$2,149,640
$2.1M
Cap Rate 7%
$1,535,457
$1.5M
Cap Rate 9%
$1,194,244
$1.2M
Market Conditions
NOI Build-Up for 9,952 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
$179.1K $18.00/SF
− Vacancy
−$35.8K −$3.60/SF
EGI
$143.3K $14.40/SF
− OpEx
−$35.8K −$3.60/SF
NOI
$107.5K $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 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%
$2,149,640
Cap Rate 7%
$1,535,457
Cap Rate 9%
$1,194,244
Alternative Uses
Best Use
Office B
$1.54M
$1.34M – $1.79M
NOI $107,482 @ 7.0% cap · market cap 5.37%
Second Best
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,688 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,078 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 39208, MS
34,228
Population
13,931
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
47.8 sq mi
ZIP Area
716
Density / Sq Mi
$58,878
Median Household Income
$40,785
Median Earnings
$1,157
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use office and warehouse property on 1 acre.
Where is this mixed-use property located?
The property is located at 105 Metroplex Blvd Pearl, MS.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime location in Pearl, MS with immediate access to I‑20, Jackson‑Evers International Airport, Highway 49, and Lakeland Drive.; Recently constructed (2020) mixed‑use office and warehouse facility.; ±4,500 SF of office space and ±5,300 SF of heated and cooled warehouse space.**
