Renovated Office
1013 N Flowood Dr, Flowood, MS 39232
For Sale
Contact for pricing
A multi-office floor plan pairs private work areas with meeting space and a central workstation area.
Property Size2,835 SF
Price / SF$192.24
Days on Market53
Property Features for 1013 N Flowood Dr
General Information
Standard status
Size
Property subtype
Amenities
private offices
conference room
reception area
copy and mail room
central hub
full kitchen
bathroom with shower
half bath
9-foot ceilings
custom window treatments
storage area
Building Details
Buildings
Building Size
Listing Agency:
PollesProperties, LLC
Listed By:
John Polles · License MS S49693
(601) 941-7168
Source:
Moodyscre
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 10 at 10:53AM
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 PollesProperties, LLC
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Investment Insights
Based on property information with market context.
This 2,835-square-foot office building in Flowood has been renovated and arranged with six private offices, a conference room, reception, and a central area suited to multiple workstations. A separate copy and mail room and a kitchen with a refrigerator, stove, and dishwasher support daily operations. The building has one full bathroom with a shower, a half bath, 9-foot ceilings, and window treatments. Storage includes rear space, an under-stair area, a conference-room closet, attic space, and an attached shed. A rear ramp and extra-wide entry provide an additional access point.
The property is near restaurants, shopping, retail, professional services, and the airport. Its address is 1013 N Flowood Dr in Flowood, Mississippi.
The property is near restaurants, shopping, retail, professional services, and the airport. Its address is 1013 N Flowood Dr in Flowood, Mississippi.
Key Highlights
- 2,835‑square‑foot office building, renovated by the current owners
- Six private offices, conference room, reception area, and central workstation area
- Kitchen includes a refrigerator, stove, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,618
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,360
$612.4K
Cap Rate 7%
$437,400
$437.4K
Cap Rate 9%
$340,200
$340.2K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$51.0K $18.00/SF
− Vacancy
−$10.2K −$3.60/SF
EGI
$40.8K $14.40/SF
− OpEx
−$10.2K −$3.60/SF
NOI
$30.6K $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%
$612,360
Cap Rate 7%
$437,400
Cap Rate 9%
$340,200
Alternative Uses
Best Use
Office B
$437.4K
$382.7K – $510.3K
NOI $30,618 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
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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
$293,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Rankin County, MS
Properties on Market for Office buildings in Rankin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office floor plan pairs private work areas with meeting space and a central workstation area.
Where is this office building located?
The property is located at 1013 N Flowood Dr Flowood, MS.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 2,835‑square‑foot office building, renovated by the current owners; Six private offices, conference room, reception area, and central workstation area; Kitchen includes a refrigerator, stove, and dishwasher
