Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    404 Enterprise Dr. Oxford, MS 38655

    View on Map
    Claim this Listing
    For Sale
    $2,350,000

    Commercial - Oxford, MS

    Property size:
    6,390 SF
    Added:
    Mar 19, 2026
    Days on Market:
    33
    Last Refresh:
    Apr 20 at 11:06 pm

    Property Features for 404 Enterprise Dr.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Oxford - Scn
    Parking
    15
    Standard status
    Active
    Size
    6,390 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2018
    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Reeves
    Joel Reeves

    Listing agent Joel Reeves

    Listing office Cannon Cleary McGraw 800 College Hill Road, #5101, Oxford, MS

    Listing date Mar 19, 2026

    MLS# 159587 Listing URL

    Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Leased Office Building Investment

    This modern office building, constructed in 2018, is located in Oxford, MS. The property offers 6,390 square feet of space and is currently fully leased. The building generates an annual rent of $156,500, with a net operating income (NOI) of $148,200. The property features flexible office suites ranging in size from 190 to 3,000 square feet. The zoning is Oxford - Scn, making it suitable for commercial use. This property presents an investment opportunity in Oxford's growing business environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Lafayette
    State
    Mississippi
    Longitude
    -89.396
    Latitude
    34.3453

    Nearby Similar for Sale

    • $3,650,000
      8,012 SF

      Oxford Office Building Investment Opportunity

      Fully leased office building in Oxford Commons corridor.
      306 Enterprise Dr., Oxford, MS 38655
      View Details
    • $3,500
      2,380 SF

      Open-Floor Plan Office Space

      Versatile office space with modern amenities in Oxford, MS.
      1210 Office Park Drive, Oxford, MS 38655
      View Details
    • $7,400
      3,700 SF

      Flex-Use Commercial Space in Oxford

      Two-story commercial space with modern design and functionality.
      2014 University Ave, Oxford, MS 38655
      View Details
    • $2,000
      750 SF

      Retail Space on University Avenue

      750 SF retail suite in high-traffic Oxford location.
      1539 University Ave, Oxford, MS 38655
      View Details
    • $2,250
      1,200 SF

      Highway 328 Flex Warehouse Units

      Modern flex warehouse units for lease in Oxford, MS.
      HWY 328, Oxford, MS 38655
      View Details
    • $599,000
      1,750 SF

      Commercial Space in Oxford, MS

      Commercial space available in new structure near campus.
      1007 Mistilis Cove, Oxford, MS 38655
      View Details
    • $2,300,000
      8,000 SF

      Rowandale Multi-Family Investment Opportunity

      Four fully rented condo units near campus with community amenities.
      402-408 Olive Branch Way, Oxford, MS 38655
      View Details
    • $2,000,000
      5,054 SF

      Oxford Townhome Near the Square

      Townhome featuring 4 bedrooms, 4.5 baths, and a bonus room.
      240 Elm Street, Oxford, MS 38655
      View Details
    • $550,000

      47 Acres Equestrian Property Oxford

      47 acres of woods and pasture, ideal equestrian property.
      CR 313, Oxford, MS 38655
      View Details
    • $2,036
      977 SF

      Retail Space Near Ole Miss

      Retail space for coffee shop near Ole Miss, available 2026.
      2572 Oxford Way, Suite 102, Oxford, MS 38655
      View Details
    • Contact for pricing
      3,200 SF

      Oxford, MS Commercial Flex Space

      Affordable flex space ideal for office and light industrial use.
      4 County road 122, building 1 unit c, Oxford, MS 38655
      View Details
    • Contact for pricing
      1,600 SF

      Functional Office and Industrial Space

      Affordable office and light industrial space in Oxford, MS.
      4 County road 122, Building 1 unit A, Oxford, MS 38655
      View Details

    FAQs

    What type of property is this?
    Office building - Fully leased office building in Oxford, MS with strong income.
    Where is this office building located?
    The property is located at 404 Enterprise Dr. Oxford, MS.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: High Net Operating Income (NOI) of $148,200; Fully leased property generating $156,500 in annual rent; Modern construction (built in 2018)
    (601) 942-0132
    We can help!
    Listing Contact
    Joel Reeves
    Joel Reeves
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!