Hinds County Commercial Property For
For Sale
$795,000
1919 Chadwick Dr, Jackson, MS 39204
23,574 SF commercial property in Hinds County, Mississippi.
Property Size23,574 SF
Price / SF$33.72
Days on Market195
Property Features for 1919 Chadwick Dr
General Information
Standard status
Active
Size
23,574 SF
Property subtype
Retail
Building Details
Building Size
23,574 SF
Listed By:
Sam Cox, SIOR
(601) 586-3220
Source:
Pinpointcres
Added: Mar 26
Changed: Sep 6
Last Checked: Oct 5 at 4:11PM
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 Sam Cox, SIOR
Investment Insights
Based on property information with market context.
This commercial real estate offering features approximately 23,574 square feet in Hinds County. The property is conveniently located minutes from I-20, Hwy 18, and I-220, providing easy access to major transportation routes throughout the state. Situated less than one-half mile from the Merit Health Central Campus, the site includes a +/-16,074 square foot building in excellent condition that is 100% climate controlled. Additionally, there is a +/-7,500 square foot warehouse with one dock high door located directly behind the main building. Furniture, fixtures, and equipment (F,F,& E) can be included in the sale, but are not included in the asking price. Pricing for F,F,& E is available upon request.
Key Highlights
- Convenient location with easy access to I‑20, Hwy 18, & I‑220.
- Located less than one half mile from Merit Health Central Campus.
- +/-16,074 SF building in excellent condition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,866
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,320
$1.4M
Cap Rate 7%
$1,012,371
$1.0M
Cap Rate 9%
$787,400
$787.4K
Market Conditions
NOI Build-Up for 23,574 SF
Gross rent
$116.0K $4.92/SF
− Vacancy
−$7.0K −$0.30/SF
EGI
$109.0K $4.62/SF
− OpEx
−$38.2K −$1.62/SF
NOI
$70.9K $3.01/SF
Area
Jackson, MS
Vacancy
6.00%
Lease Rate
$4.92 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,320
Cap Rate 7%
$1,012,371
Cap Rate 9%
$787,400
Alternative Uses
Best Use
Industrial
$1.09M
$954.0K – $1.27M
NOI $76,318 @ 7.0% cap · market cap 9.60%
Second Best
Flex RnD
$1.01M
$885.8K – $1.18M
NOI $70,866 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,775 @ 7.0% cap · market cap 35.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 39204, MS
15,433
Population
7,613
Households
2
Avg Household Size
33
Median Age
16%
College-Educated
78%
High-School Grad
9.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$31,667
Median Household Income
$23,862
Median Earnings
$890
Median Rent
$68,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 23,574 SF commercial property in Hinds County, Mississippi.
Where is this flex space located?
The property is located at 1919 Chadwick Dr Jackson, MS.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Convenient location with easy access to I‑20, Hwy 18, & I‑220.; Located less than one half mile from Merit Health Central Campus.; +/-16,074 SF building in excellent condition.
