Mixed-Use Commercial Condo For
101 Port St Madison, MS
101 Port St, Madison, MS, 00000
Contact for pricing
For Sale
Contact for pricing
4,331 SF commercial condo in prime location.
Property Size4,331 SF
Lot Size0.25 Acres
Price / SF$227.43
Days on Market477
Property Features for 101 Port St
General Information
- Standard status
- Active
- Size
- 4,331 SF
- Lot size
- 0.25 Acres
- Property subtype
- OFFICE
Listing agency
Duckworth Realty
(601) 940-8010
Listed by
John Michael Holtmann
(601) 940-8010
Source
Moodyscre
Added: Apr 1, 2025 Updated: Jul 6 at 10:09AM Checked: Jul 21 at 4:01AM
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 Duckworth Realty
Investment Insights
Based on property information with market context.
This is a 4,331 square foot mixed-use commercial condominium for sale. It features a large parking lot and is currently built out as a professional office. The property is located in a prime location in Lost Rabbit, offering views of Ross Barnett Reservoir and the surrounding woods. This property presents an excellent opportunity to locate a business in Madison, or for an investor to purchase and lease out. There is also an opportunity to convert the property to residential use.
Key Highlights
- Prime Location in Lost Rabbit with Views of Ross Barnett Reservoir
- 4,331 SF Mixed‑Use Commercial Condo
- Opportunity to convert to residential
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.4k | $17.40 |
| − Vacancy | −$13.9k | −$3.22 |
| EGI | $61.4k | $14.18 |
| − OpEx | −$15.4k | −$3.55 |
| NOI | $46.1k | $10.64 |
4,331 SF · lease $17.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$658.0K
$575.8K – $767.7K
NOI $46,063 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$942.8K
$825.0K – $1.10M
NOI $65,996 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pinnacle Trust
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 4,331 SF commercial condo in prime location.
Where is this office units located?
The property is located at 101 Port St Madison, MS.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Prime Location in Lost Rabbit with Views of Ross Barnett Reservoir; 4,331 SF Mixed‑Use Commercial Condo; Opportunity to convert to residential
