Renovated Office
For Sale
$699,000
10 Lakeland Cir, Jackson, MS 39216
Two-level layout includes private offices, conference rooms, kitchen areas, restrooms, and an executive suite.
Property Size4,848 SF
Price / SF$144.18
Days on Market81
Property Features for 10 Lakeland Cir
General Information
Standard status
Active
Size
4,848 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Year Renovated
2017
Buildings
1
Building Size
4,848 SF
Listing Agency:
Estes Bush Real Estate LLC
Listed By:
Jimmy A Kitchens
(769) 300-4241
Source:
Fiorellaavenue
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 7 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estes Bush Real Estate LLC
Investment Insights
Based on property information with market context.
This 4,848-square-foot office building was renovated in 2017 and provides a two-level configuration for professional operations. The ground floor includes a reception area, two conference rooms, three offices, three bathrooms, a full kitchen, mail room, and storage room. The upper level adds eight offices, two restrooms, a kitchenette, and an executive suite with its own office, conference room, and private restroom with shower.
The property is located at 10 Lakeland Circle in Jackson and has frontage on Lakeland Drive. The roadway records an average daily traffic count of 51,000, providing a measurable access and exposure characteristic for the office property.
The property is located at 10 Lakeland Circle in Jackson and has frontage on Lakeland Drive. The roadway records an average daily traffic count of 51,000, providing a measurable access and exposure characteristic for the office property.
Key Highlights
- 4,848 SF office building renovated in 2017
- Two‑level layout with 11 offices and an executive suite
- Three ground‑floor offices, eight upstairs offices, and multiple conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,307
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,140
$906.1K
Cap Rate 7%
$647,243
$647.2K
Cap Rate 9%
$503,411
$503.4K
Market Conditions
NOI Build-Up for 4,848 SF
Gross rent
$68.6K $14.16/SF
− Vacancy
−$8.2K −$1.70/SF
EGI
$60.4K $12.46/SF
− OpEx
−$15.1K −$3.12/SF
NOI
$45.3K $9.35/SF
Area
Jackson, MS
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,140
Cap Rate 7%
$647,243
Cap Rate 9%
$503,411
Alternative Uses
Best Use
Office B
$647.2K
$566.3K – $755.1K
NOI $45,307 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$830.8K
$726.9K – $969.2K
NOI $58,153 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 39216, MS
4,061
Population
2,073
Households
2
Avg Household Size
36
Median Age
64%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
1,310
Density / Sq Mi
$43,315
Median Household Income
$33,839
Median Earnings
$1,128
Median Rent
$249,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two-level layout includes private offices, conference rooms, kitchen areas, restrooms, and an executive suite.
Where is this office building located?
The property is located at 10 Lakeland Cir Jackson, MS.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,848 SF office building renovated in 2017; Two‑level layout with 11 offices and an executive suite; Three ground‑floor offices, eight upstairs offices, and multiple conference rooms
