Flex Industrial Complex with
For Sale
$1,490,000
995 N Halstead Rd, Ocean Springs, MS 39564
Three-building flex/industrial complex with mixed office and storage, secured access, and regional commercial zoning.
Property Size9,550 SF
Lot Size1.17 Acres
Price / SF$156.02
Days on Market113
Property Features for 995 N Halstead Rd
General Information
Standard status
Active
Size
9,550 SF
Lot size
1.17 Acres
Zoning
C-H
Taxes and HOA fees
Annual Taxes
$9,858
Listing Agency:
RE/MAX Real Estate Partners
(228) 326-5533
Listed By:
Kimberlee E Williams · License #13644
(228) 326-5533
Source:
Exprealty
Added: Apr 21
Changed: Aug 11
Last Checked: Aug 11 at 12:29PM
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 RE/MAX Real Estate Partners
Investment Insights
Based on property information with market context.
This centrally located flex/industrial complex sits on a 1.17-acre site made up of three parcels and includes three buildings totaling approximately 9,550 square feet of gross building area. The North Building is the largest at approximately 6,300 square feet. The South Building provides about 1,500 square feet of mixed office and storage space. The East Building is a 1,750 square-foot steel frame structure with a mezzanine level built on timber piles and steel girders to address low ground conditions along the eastern boundary; this building is in a flood zone while the rest of the property and the other two buildings are not.
The property includes an electric gate and upgraded electrical features, along with security systems, two offices, and four bathrooms across the complex. It is zoned Regional Commercial C-H.
For tenants or operators looking for flexible space that can support both work and administration, the combination of storage-focused buildings and mixed-use office/storage area can help accommodate a range of industrial and light commercial needs. The mezzanine in the East Building adds additional internal space planning options, while the secured entrance supports controlled access to the site.
The property includes an electric gate and upgraded electrical features, along with security systems, two offices, and four bathrooms across the complex. It is zoned Regional Commercial C-H.
For tenants or operators looking for flexible space that can support both work and administration, the combination of storage-focused buildings and mixed-use office/storage area can help accommodate a range of industrial and light commercial needs. The mezzanine in the East Building adds additional internal space planning options, while the secured entrance supports controlled access to the site.
Key Highlights
- Three‑building flex/industrial complex on a 1.17‑acre site (3 parcels) with approx. 9,550 SF total gross building area
- North building totals approx. 6,300 SF—the largest of the three buildings
- South building totals approx. 1,500 SF with mixed office and storage 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
$135,870
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
9.12%
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%
$2,717,400
$2.7M
Cap Rate 7%
$1,941,000
$1.9M
Cap Rate 9%
$1,509,667
$1.5M
Market Conditions
NOI Build-Up for 9,550 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
$229.2K $24.00/SF
− Vacancy
−$48.0K −$5.03/SF
EGI
$181.2K $18.97/SF
− OpEx
−$45.3K −$4.74/SF
NOI
$135.9K $14.23/SF
Area
Jackson County, MS
Vacancy
20.96%
Lease Rate
$24.00 /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%
$2,717,400
Cap Rate 7%
$1,941,000
Cap Rate 9%
$1,509,667
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.26M
NOI $135,870 @ 7.0% cap · market cap 9.12%
Second Best
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,383 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,627 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Under-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 Office 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 - Three-building flex/industrial complex with mixed office and storage, secured access, and regional commercial zoning.
Where is this flex space located?
The property is located at 995 N Halstead Rd Ocean Springs, MS.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Three‑building flex/industrial complex on a 1.17‑acre site (3 parcels) with approx. 9,550 SF total gross building area; North building totals approx. 6,300 SF—the largest of the three buildings; South building totals approx. 1,500 SF with mixed office and storage space
