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    118 Homestead Dr Madison, MS 39110

    For Sale
    $1,395,000

    Prime Madison Office, 56,628 SF

    Property size:
    56,628 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 118 Homestead Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    56,628 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    2008
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cynthia A. Stewart, P.A. Criminal Justice Attorney But God Ministries Religious Organization

    Suggested Use

    Law Firm Realty agency Gym & Fitness Wholesale Shop Electrical Service Nursing Home Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.10262
    Latitude
    32.47339

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Madison Office, 56,628 SF
    Where is this office property / space located?
    The property is located at 118 Homestead Dr Madison, MS.
    What is the asking price?
    The asking price for this property is $1,395,000.
    (601) 707-5555
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    118 Homestead Dr Madison, MS 39110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Homestead Dr Madison, MS 39110
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