Office Building with Natural
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106 RIVERVIEW DR, Flowood, MS 39202
C-3-zoned office property offering adaptable floor plans, abundant daylight, and on-site parking.
Property Size19,102 SF
Price / SF$151.82
Days on Market5
Property Features for 106 RIVERVIEW DR
General Information
Standard status
Active
Size
19,102 SF
Class
B
Total Parking Spaces
54
Property subtype
Office, Industrial
Zoning
C-3
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Units
1
Listing Agency:
Trihelm Properties
Listed By:
Adam Savage · License #MS
(601) 707-5196
Source:
Crexi
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 3 at 1:54AM
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 Trihelm Properties
Investment Insights
Based on property information with market context.
Located at 106 Riverview Drive in Flowood, Mississippi, this office building contains 19,102 square feet and was completed in 2006. The property offers flexible floor-plan potential, abundant natural light, and ample parking for occupants and visitors.
C-3 zoning supports its commercial office positioning, while access to major thoroughfares connects the property with surrounding business areas. The building is suited to users seeking a customizable office environment within an established commercial setting.
C-3 zoning supports its commercial office positioning, while access to major thoroughfares connects the property with surrounding business areas. The building is suited to users seeking a customizable office environment within an established commercial setting.
Key Highlights
- 19,102‑square‑foot office building completed in 2006
- C‑3 zoning for commercial use
- Adaptable floor‑plan configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,126,040
$4.1M
Cap Rate 7%
$2,947,171
$2.9M
Cap Rate 9%
$2,292,244
$2.3M
Market Conditions
NOI Build-Up for 19,102 SF
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.
Gross rent
$343.8K $18.00/SF
− Vacancy
−$68.8K −$3.60/SF
EGI
$275.1K $14.40/SF
− OpEx
−$68.8K −$3.60/SF
NOI
$206.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,126,040
Cap Rate 7%
$2,947,171
Cap Rate 9%
$2,292,244
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,302 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.24M
$4.58M – $6.11M
NOI $366,758 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 39202, MS
7,405
Population
4,332
Households
1.7
Avg Household Size
35
Median Age
42%
College-Educated
88%
High-School Grad
3.9 sq mi
ZIP Area
1,899
Density / Sq Mi
$41,250
Median Household Income
$32,111
Median Earnings
$876
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-3-zoned office property offering adaptable floor plans, abundant daylight, and on-site parking.
Where is this office building located?
The property is located at 106 RIVERVIEW DR Flowood, MS.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 19,102‑square‑foot office building completed in 2006; C‑3 zoning for commercial use; Adaptable floor‑plan configuration
