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Property profile & analytics
FOR LEASE
Investment properties

431 E Monroe Ave Okolona, MS 38860

62,350 SF 20.9 ac lot Built 1965
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US50-1597861
Property summary
AI-generated overview

This expansive industrial property, located at 431 E Monroe Ave in Chickasaw County, offers a total of 626,500 square feet of space available for lease or sale. The property sits on a substantial 51.6 acres of land and features multiple tenancy options, with a minimum divisible space of 28,363 square feet and the potential to lease or purchase the entire 626,500 square feet contiguously. Built in 1985 and extensively renovated in 2008, the building boasts a variety of modern features. These include a new pitched roof, a state-of-the-art fire suppression system, and ample ceiling height ranging from 12'4" to 22'5", providing significant vertical clearance for various industrial uses. The property also includes 95 loading docks for efficient material handling and substantial parking, with 400 standard spaces and 125 trailer spaces. The building's column spacing is 24' x 37'. Power is provided by a robust 7200 KVA system. While the zoning information is currently unavailable, the property's size and features make it suitable for a wide range of manufacturing, warehouse, and distribution operations. The building square footage is subject to remeasurement. Inquire for details.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 62,350 SF
Lot 20.9 ac (910,404 SF)
APN 2-047K-36-002.00
UPID US50-1597861
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Phoenix Okolona Ms I Industrial Inv · 2 yrs held
Phoenix Okolona Ms I Industrial Inv
since 2023
2 recorded transactions
2025
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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