Renovated Office
1013 N Flowood Drive, Flowood, MS 39232
For Sale
$545,000
Commercial Sale, Flowood, MS
Property Size2,835 SF
Lot Size0.56 Acres
Price / SF$192.24
Days on Market49
Property Features for 1013 N Flowood Drive
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Window features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
conference room
reception area
copy and mail room
full kitchen
storage
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Polles Properties, LLC
Listed By:
John Polles · License #S49693
(601) 898-3364
Added: Sep 22
Changed: Oct 29
Last Checked: Nov 9 at 4:06AM
MLS# 4163361
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.
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Investment Insights
Based on property information with market context.
Renovated office building offering approximately 2,835 square feet of professional workspace on a 0.56-acre property. The layout includes six private offices, a conference room, reception area, copy and mail room, and a central hub suitable for multiple workstations or collaborative use. A full kitchen includes a refrigerator, stove, and dishwasher, while the building provides one full bathroom with a shower and an additional half bath. Nine-foot ceilings and custom window treatments are installed throughout.
Storage is distributed across the rear storage area, under-stair space, a conference-room closet, attic space, and an attached rear shed. A rear ramp and extra-wide entry door support convenient access. Built in 1967, the property is located at 1013 N Flowood Drive in Flowood, near restaurants, shopping, retail, professional services, and the airport.
Storage is distributed across the rear storage area, under-stair space, a conference-room closet, attic space, and an attached rear shed. A rear ramp and extra-wide entry door support convenient access. Built in 1967, the property is located at 1013 N Flowood Drive in Flowood, near restaurants, shopping, retail, professional services, and the airport.
Key Highlights
- Approximately 2,835 square feet on 0.56 acres
- Six private offices plus a conference room and reception area
- Full kitchen with 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.
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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 - Flexible professional property with private offices, meeting space, kitchen facilities, and substantial storage.
Where is this office building located?
The property is located at 1013 N Flowood Drive 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: Approximately 2,835 square feet on 0.56 acres; Six private offices plus a conference room and reception area; Full kitchen with refrigerator, stove, and dishwasher
