Office
For Sale
$1,100,000
213 Katherine, Flowood, MS 39232
Commercial Sale, Flowood, MS
Property Size7,000 SF
Lot Size0.58 Acres
Price / SF$147.59
Days on Market9
Property Features for 213 Katherine
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Active
APN
F10n-000002-00100
Size
7,453 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 10, LAKELAND EAST OFFICE PARK LESS 243.99 X 127.15 X 4 3.41 X 77.6 X 77.44 BEING 5153 SQ FT
Tax Annual Amount
13760
Legal Description
LOT 10, LAKELAND EAST OFFICE PARK LESS 243.99 X 127.15 X 4 3.41 X 77.6 X 77.44 BEING 5153 SQ FT
Building Details
Year built
2003
Floors in Building
2
Listing Agency:
Hopper Properties
(601) 724-1435
Listed By:
J.T. T Mardis · License #S62240
(601) 955-2600
Added: Sep 28
Last Checked: Oct 6 at 7:06PM
MLS# 4163819
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Flowood office property contains 7,453 square feet and was built in 2003. The building sits on a 0.58-acre parcel at 213 Katherine. Its location and building area are the available defining physical details.
Key Highlights
- 7,453‑square‑foot office building
- 0.58‑acre parcel
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,492
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,840
$1.6M
Cap Rate 7%
$1,149,886
$1.1M
Cap Rate 9%
$894,356
$894.4K
Market Conditions
NOI Build-Up for 7,453 SF
Gross rent
$134.2K $18.00/SF
− Vacancy
−$26.8K −$3.60/SF
EGI
$107.3K $14.40/SF
− OpEx
−$26.8K −$3.60/SF
NOI
$80.5K $10.80/SF
Area
Rankin County, MS
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,840
Cap Rate 7%
$1,149,886
Cap Rate 9%
$894,356
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,492 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,098 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 39232, MS
9,052
Population
4,204
Households
2.2
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
354
Density / Sq Mi
$83,389
Median Household Income
$49,760
Median Earnings
$1,412
Median Rent
$293,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Built in 2003, the property occupies a 0.58-acre parcel in Flowood.
Where is this office building located?
The property is located at 213 Katherine Flowood, MS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,453‑square‑foot office building; 0.58‑acre parcel; Built in 2003
