Property profile

118 Homestead Dr Madison, MS 39110

OFF-MARKET
Office Spaces
Property ID
US50-0636737
8,475 SF Built 2008
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 56,628-square-foot office building presents a compelling investment opportunity in Madison, MS. Situated on a 1.3-acre lot within the desirable Homestead Office Park, this property offers unparalleled convenience with easy access to Madison, Ridgeland, and Gluckstadt via Highway 51. Constructed in 2008, the building is in excellent condition and features a spacious, multi-tenant layout. The first floor boasts a welcoming common foyer with a seating area and is currently divided into three separate suites, each offering flexibility for various business needs. The second floor, encompassing approximately 4,500 square feet, is currently vacant but presents significant potential for expansion or subdivision into multiple suites, catering to a diverse range of tenants. Ample parking is provided with 34 spaces located at the front of the building. The rear of the property features attractive landscaping and a partially wooded area, enhancing the overall aesthetic appeal. This property is ideally suited for an investor seeking a strong return, an owner-occupier looking for a prestigious location, or a combination of both. Its prime location, modern construction, and flexible floor plan make it an exceptional opportunity in the thriving Madison market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2008
Total area 8,475 SF
APN 072B-04C-002/04
UPID US50-0636737

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Church Mosque

Location

118 Homestead Dr Madison, MS 39110-6974
Madison metro Census 30202 JACKSON, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2008
4 recorded transactions
2019
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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