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Property profile & analytics
OFF-MARKET
Warehouses

606 Second St Indianola, MS 38751

41,474 SF 2.82 ac lot Built 1985
Property ID
Property summary
AI-generated overview

This exceptional owner-occupied industrial warehouse, situated on a 2.82-acre lot in Indianola, Mississippi, presents a compelling redevelopment opportunity. The 41,474-square-foot single-story building, constructed in 1985 and extensively renovated in 2014, boasts a 20-foot ceiling height, 12 loading docks, and 8 dock-high doors. Improvements completed in 2014 included roof repair, electrical upgrades with LED lighting, a new sprinkler system, electronic gates, exterior cameras, and parking lot resurfacing. The property features approximately 44 square feet of finished office space. The site includes two adjoining parcels (Parcel Nos: 119Q-32-00-086.00 and 119-32-00-085.01), with one parcel primarily used for a concrete parking lot, signage, and minimal landscaping. Located on 2nd Street, approximately one block west of Highway 49, the property offers 243.78 feet of frontage. The property is zoned I-2 (Heavy Industrial District), allowing for a variety of uses. Situated in Flood Zone X, it's not located in a designated flood area. This property is being offered for sale by owner. The sale includes two adjoining parcels totaling 2.82 acres.

Property profile
Verified
Property type Warehouses
Year built 1985
Total area 41,474 SF
Lot 2.82 ac (122,839 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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