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    310 Byram Pl Byram, MS 39272

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    310 Byram Pl Byram, MS 39272

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    • Office properties & Spaces
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    • Office properties & Spaces

    Property Details for 310 Byram Pl

    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1,750 square foot office suite is ideally situated on the south side of Siwell Road in Byram, Mississippi's thriving business district. Just one mile west of I-55, this location offers unparalleled convenience and visibility. The building boasts modern construction and attractive finishes. Suite A, the only remaining space, features a spacious reception area, three private offices, and a large open area perfect for cubicles or a collaborative workspace. The layout also includes three restrooms (two private) and a dedicated secretary reception area. This suite is ready for immediate occupancy and benefits from a history of long-term tenancy

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Byram
    County
    Hinds
    State
    Mississippi
    Longitude
    -90.2722
    Latitude
    32.1918

    Comparable in this City

    • Value Estimation
      $1,140,000
      11,399 SF

      7275 Siwell Rd

      MEDICAL CLINIC • 11,399 SF
      7275 Siwell Rd, Jackson, MS 39272-9767
      View Details
    • Value Estimation
      $520,000
      5,275 SF

      7300 Siwell Rd

      MEDICAL CLINIC • 5,275 SF
      7300 Siwell Rd, Byram, MS 39272-9772
      View Details
    • Value Estimation
      $3,280,000
      37,923 SF

      49 Willow Crk Ln

      MEDICAL BUILDING • 37,923 SF
      49 Willow Crk Ln, Jackson, MS 39272-9255
      View Details
    • Value Estimation
      $1,800,000
      22,500 SF

      5354 I 55th S

      MEDICAL BUILDING • 22,500 SF
      5354 I 55th S, Jackson, MS 39272-9119
      View Details
    • Value Estimation
      $855,000
      8,247 SF

      7215 Siwell Rd

      MEDICAL BUILDING • 8,247 SF
      7215 Siwell Rd, Jackson, MS 39272-9776
      View Details
    • Value Estimation by Request
      2,001 SF

      115 Bridgeton Plz

      MEDICAL CLINIC • 2,001 SF
      115 Bridgeton Plz, Byram, MS 39272-8711
      View Details

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      Retail Opportunity I-55 Frontage Road

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    Similar Nearby for Lease

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      Freestanding Building in Byram, Mississippi

      4,000 SF commercial building with three suites for rent.
      7112 S Siwell Rd, Byram, MS 39272
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    Byram, MS 39272
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    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
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