Office Building with Natural
For Sale
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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 Market53
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: Oct 4
Last Checked: Oct 20 at 6:23PM
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
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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 / Yr
$160,915
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,218,300
$3.2M
Cap Rate 7%
$2,298,786
$2.3M
Cap Rate 9%
$1,787,944
$1.8M
Market Conditions
NOI Build-Up for 19,102 SF
Gross rent
$275.1K $14.40/SF
− Vacancy
−$60.5K −$3.17/SF
EGI
$214.6K $11.23/SF
− OpEx
−$53.6K −$2.81/SF
NOI
$160.9K $8.42/SF
Area
Hinds County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,218,300
Cap Rate 7%
$2,298,786
Cap Rate 9%
$1,787,944
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,915 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$129.76M
$113.54M – $151.39M
NOI $9,083,342 @ 7.0% cap · market cap 313.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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
