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    6022 I-55 South Frontage Rd Byram, MS 39272
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    6022 I-55 South Frontage Rd Byram, MS 39272

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    • Industrial properties
    • 5,154 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 6022 I-55 South Frontage Rd

    Property size
    5,154 SF
    Property type
    Industrial properties
    Property subtype
    Self storage facilities

    Description

    This exceptional 5+ acre industrial property, zoned I-2, presents a significant income-producing opportunity. Strategically located on I-55 South's frontage road in Byram, Mississippi, this property boasts high visibility with over 34,000 vehicles passing daily. The 5,154 square foot building offers versatile flex space, currently vacant, previously used as a driver training facility. The layout includes 3,530 square feet of office/training space, easily divisible into five individual offices for separate leasing and increased revenue. An additional 1,624 square feet of office space is also available. Furthermore, the property includes 2,400 square feet of mini-storage space, comprising 19 individual units, ready to generate rental income. The expansive 5-acre lot, mostly gravel-covered, provides ample space for parking, additional development, or continued use as a training area. Conveniently located near I-20 and approximately 11 miles from downtown Jackson and 18 miles from Jackson-Medgar Wiley Evers International Airport, this property offers unparalleled access and potential. All utilities are connected: power, water, and sewage. The property is situated in the business-friendly city of Byram, Hinds County, Mississippi, zip code 39272. This is a Class B property with significant upside potential for a savvy investor.

    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
    -90.2618
    Latitude
    32.1747

    Comparable in this City

    • Value Estimation by Request
      12,030 SF

      5470 I-55

      Distribution properties • 12,030 SF
      5470 I-55, Byram, MS 39272
      View Details
    • Value Estimation by Request
      12,030 SF

      5470 I-55

      Distribution properties • 12,030 SF
      5470 I-55, Byram, MS 39272
      View Details
    • Value Estimation
      $5,485,000
      74,398 SF

      6200 I 55th S

      WAREHOUSE, STORAGE • 74,398 SF
      6200 I 55th S, Jackson, MS 39272-9100
      View Details
    • Value Estimation by Request
      3,536 SF

      5493 I 55th S

      WAREHOUSE, STORAGE • 3,536 SF
      5493 I 55th S, Byram, MS 39272-5512
      View Details
    • Value Estimation by Request
      8,601 SF

      5444 I 55th S

      WAREHOUSE, STORAGE • 8,601 SF
      5444 I 55th S, Byram, MS 39272-5511
      View Details
    • Value Estimation by Request
      3,650 SF

      102 Garner Dr

      WAREHOUSE, STORAGE • 3,650 SF
      102 Garner Dr, Jackson, MS 39272-9327
      View Details

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      Byram I-2 Zoned Property

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      Terry Road Warehouse For Lease

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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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    6022 I-55 South Frontage Rd, Byram, MS, 39272
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