Exceptional Commercial Facility in
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226 E Central Ave, Petal, MS 39465
Move-in ready commercial building in Petal, Mississippi with special features.
Property Size3,577 SF
Price / SF$125.80
Days on Market1738
Property Features for 226 E Central Ave
General Information
Standard status
Active
Size
3,577 SF
Class
B
Property subtype
Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Cook Commercial Properties
Listed By:
Joseph Tubb · License #MS S-50068
(601) 606-1900
Source:
Crexi
Added: Jan 25, 2022
Changed: Oct 25
Last Checked: Oct 28 at 5:58AM
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 Cook Commercial Properties
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Investment Insights
Based on property information with market context.
This 3,577 square foot commercial facility is located in Petal, Mississippi, surrounded by retail, schools, solid neighborhoods, and established commercial developments. The well-maintained building features four options for entrance and egress, two large executive offices with floor-to-ceiling windows, an expansive lobby, a spacious conference room, a break room with built-in features, and additional office coves. Beautiful brick floors are present throughout the building, which also includes a working vault. A highly visible sign with a marketing marquee is included. The property has a well-landscaped parking lot. Formerly a bank branch, the construction and shape of the building present opportunities for drive-through needs with four bays and equipment in place. It is suitable for a pharmacy, emergency care facility, or other medical applications.
Key Highlights
- Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.
- Former bank branch, well‑maintained and move‑in ready, with a working vault.
- Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,133
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,660
$602.7K
Cap Rate 7%
$430,471
$430.5K
Cap Rate 9%
$334,811
$334.8K
Market Conditions
NOI Build-Up for 3,577 SF
Gross rent
$51.5K $14.40/SF
− Vacancy
−$11.3K −$3.17/SF
EGI
$40.2K $11.23/SF
− OpEx
−$10.0K −$2.81/SF
NOI
$30.1K $8.42/SF
Area
Forrest County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,660
Cap Rate 7%
$430,471
Cap Rate 9%
$334,811
Alternative Uses
Best Use
Office B
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.7K
$515.1K – $686.8K
NOI $41,207 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Demographics for 39465, MS
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready commercial building in Petal, Mississippi with special features.
Where is this office building located?
The property is located at 226 E Central Ave Petal, MS.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location surrounded by retail, schools, solid neighborhoods, and established commercial developments.; Former bank branch, well‑maintained and move‑in ready, with a working vault.; Four drive‑through bays with equipment in place, suitable for pharmacy, emergency care, or other medical applications.
