Property profile

431 E Monroe Ave Okolona, MS 38860

FOR LEASE
Investment properties
Property ID
US50-1597861
62,350 SF 20.9 ac lot Built 1965
Individually Owned 2-yr Hold ~ Est. High Equity
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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

Location

431 E Monroe Ave Okolona, MS 38860
Okolona metro Census 950100
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
2 recorded transactions
2025
Price N/A
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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